Several decades ago, all the transformation that Artificial Intelligence has brought about throughout the world today was unthinkable. AI is generating changes in the processes of different companies and industries globally, by automating many repetitive and tedious tasks that previously required a lot of time and human effort. AI algorithms can perform these activities faster and more accurately, freeing up employees to focus on more strategic and creative tasks.
According to statistics shared by GrandView Research and cited by Forbes magazine, Artificial Intelligence is expected to experience an annual growth rate of 37.3% between 2023 and 2030, ensuring an impact of this technology for years to come.
Statistics on hiring Artificial Intelligence roles
Given this growth in the adoption of AI, the demand for expert personnel in this technology is growing at the same time, a context in which dedicated development teams enter, to support companies in their projects of this nature.
In one of the reports published by McKinsey, they highlighted that there is a growing demand for AI support roles, such as software engineers or data engineers. “Software engineers emerged as the AI role that survey responses show organizations hired most frequently in the past year, more often than data engineers and AI data scientists”, they noted.
“This is another clear sign that many organizations have largely shifted from experimenting with AI to actively incorporating it into business applications. Unfortunately, the shortage of technological talent shows no signs of relief, and threatens to slow down that change for some companies", they also warned in the report.
Why a dedicated development team can be a big help in the face of understaffing?
A dedicated development team is ideal for artificial intelligence (AI) projects because it can provide the expertise and specialized resources needed to be successful. AI projects can be complex and challenging, requiring a wide range of skills and knowledge, including data science, software engineering, machine learning, and information security.
In this case, a dedicated development team can help ensure that the project is completed on time and on budget, and that it meets quality and security requirements.
Additionally, a dedicated development team can provide the necessary support and guidance to help AI projects succeed. AI is a rapidly developing field, and AI projects may face unforeseen challenges. A dedicated development team can help projects navigate these challenges and stay on course for success.
Benefits of having a dedicated development team focused on AI projects in your business
Specialization and experience
A dedicated AI development team is made up of professionals specialized in this area, ensuring greater knowledge and experience in the design, development and deployment of AI solutions. This can lead to more accurate and effective results compared to less specialized equipment.
AI-centric approach
By having a dedicated development team, its members can focus exclusively on AI projects, without distractions or additional responsibilities that can affect their performance. This increases dedication and focus on specific AI challenges.
Greater efficiency and speed
A dedicated development team can work more efficiently and faster as they are familiar with AI-related technologies, tools, and best practices. This allows shortening development times and accelerating the delivery of solutions.
Adaptation to new technologies
AI is a constantly evolving field with frequent technological advances. A dedicated development team can stay up to date with the latest AI trends, techniques and tools, allowing them to apply the most relevant and advanced technologies to projects.
Resource management
A dedicated development team enables better resource management, as team members can be optimally assigned to different tasks and projects, avoiding disruptions and ensuring more effective utilization of available resources.
Maintenance and support
After implementing AI solutions, it is crucial to maintain them and offer ongoing support. A dedicated team can take care of these tasks, ensuring long-term optimal operation and solving any problems that may arise.
The Harvard Business Review magazine published an article in which he talks about the benefits of AI in the "real world", citing respondents to the Deloitte firm. In this report, 51% of executives indicated that the main benefit of AI is the improvement of functionalities and performance of their products.
In addition, 36% of respondents indicated that through AI, they have optimized internal business operations, which has allowed them to make better decisions. Likewise, 32% of executives have been able to create new software products with the help of AI, which has fostered the growth and evolution of their businesses. All these changes are possible by having a dedicated development team with all the necessary expertise and tools at your side.
AI projects that a dedicated development team can handle
- Development of machine learning models
Dedicated development team can build machine learning models for various applications such as data classification, anomaly detection, trend prediction, personalized recommendations, and more.
- Natural Language Processing (NLP)
PLN projects involve working with algorithms and models that allow machines to understand, generate, and respond to human language. This can be used for chatbots, sentiment analysis, machine translations, and more.
- Computer vision
The dedicated development team can develop computer vision solutions for object recognition, face detection, image and video analysis, among others.
- Robotic Process Automation (RPA)
AI can be used in RPA projects to automate repetitive and rule-based tasks, increasing operational efficiency. Any dedicated development team has in its ranks ideal profiles for this kind of project.
- Optimization and planning
AI projects can focus on optimizing business processes and making smarter strategic decisions based on data analysis.
- Data analysis and big data
AI can help analyze large data sets to identify patterns, trends, and business opportunities.
- Recommender systems
Development teams can create AI-based recommendation systems for e-commerce platforms, streaming content, music, etc., to personalize recommendations for each user.
- Content generation
AI can also be used to generate content, such as text, music, art, and more, in creative and entertainment applications.
- Prediction and forecast
AI can be used to predict future events, such as product demand, market behavior, or default risk in financial industries.
Skills a dedicated development team should have if you are going to work on AI projects
A dedicated development team working on AI projects should have a wide range of skills, including:
Data Science: Data scientists are responsible for collecting, analyzing, and visualizing data, making them indispensable within a dedicated development team. They use their skills to identify patterns and trends in data, which can be used to develop machine learning models.
Software Engineering: Software engineers are responsible for designing, developing, and implementing software, and through these skills, they are able to create AI applications that are efficient, secure, and easy to use.
Machine learning: Machine learning engineers are a key part of dedicated development teams, as they are responsible for developing and training machine learning models. Through their abilities, they can create models that can learn and improve over time without being explicitly programmed.
Security of the information: Information security professionals are responsible for protecting AI systems and data from attacks and vulnerabilities. They identify and mitigate risks, then implement security measures to protect AI systems.
Project management: Project managers are responsible for planning, managing, and delivering AI projects. They use their skills to coordinate the work of team members, manage the project's budget and schedule, and ensure that the project is completed on time and within budget.
In addition to these technical skills, dedicated development team members must also have the following soft skills:
- They must have excellent communication skills, being able to timely transmit any kind of information, doubt or concern during the development of the project.
- They must be able to work effectively as a team, in sync, to achieve common goals.
- Dedicated development team members must be able to effectively identify and resolve issues.
- It is important that dedicated development team members are able to adapt to the changes and challenges that arise in the development of AI projects.
Having a dedicated development team for AI projects brings significant advantages in terms of specialized knowledge, efficiency, focus on quality, and ability to keep up with the latest trends. These benefits can translate into more effective and successful AI solutions for the organization.
Do you need a dedicated development team for your next software project? At Rootstack, we have +12 years of experience supporting companies in their digital transformation. Contact us!
