Cost, accuracy still evolving in AI models: TCS

Even as generative AI and broader AI implementation offer numerous benefits in terms of reducing cost and boosting revenues in the long term, several organisations are still hesitant to embrace these technologies, according to Tata Consultancy Services (TCS).

The primary concerns relate to the accuracy of AI predictions, the high cost of implementation, and the complexities involved in integrating these systems with existing business processes.

Businesses are particularly cautious about investing heavily in this evolving technology as it might not deliver the expected return on investment.