AI as-a-service looks to offer firms machine learning algorithms without a substantial initial investment
E& enterprise entered into a three-year partnership with the US-based artificial intelligence platform provider to launch Enterprise AI as a service (AIaaS) in the UAE, Egypt and Morocco. E& enterprise’s partnership with US-based DataRobot is a way to democratise AI, said Dan Wright, CEO, DataRobot.
As a service model has become increasingly popular from software and data to hardware and knowledge. AI as a service looks to offer firms machine learning algorithms without a substantial initial investment.
Shrinking budgets and a skills gap, combined with many small and medium enterprises in the three countries, mean that many firms just can’t afford to hire in-house teams to develop AI and ML algorithms.
On the new partnership, Salvador Anglada, CEO of e& enterprise, said: “You don’t need to invest in the platform, you don’t need to invest in the people, you don’t need to have a data scientist, you don’t need experts. We’re going to do it for you. We’ll be able to build the right applications using the power of this platform, and it will be delivered as a service.”
At first, e& enterprise will target four verticals with the new offering: financial services, retail, health, and the government sector. The AI software market is projected to hit $62.5 billion this year, a 21 per cent increase.
DataRobot has raised $1.1 billion since it was founded in 2012, and the company is valued at $6.3 billion. DataRobot has executed more than 1 million AI projects and delivered over 1 trillion predictions to global customers, including one-third of the Fortune 50.
