The annual infrastructure costs for third-party machine learning operations (MLOps) solution are significantly less than the cost of companies building their own, according to respondents. The high estimate for buying a third-party solution is roughly 4.5 million U.S. dollars, while the high estimate for building a solution from scratch is 5.5 million U.S. dollars.
Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020
(in million U.S. dollars)
individuals with a level of insight into the machine learning efforts of their companies across a random sampling of industries and machine learning maturity levels
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Algorithmia. (December 10, 2020). Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020 (in million U.S. dollars) [Graph]. In Statista. Retrieved October 07, 2024, from https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter
Algorithmia. "Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020 (in million U.S. dollars)." Chart. December 10, 2020. Statista. Accessed October 07, 2024. https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter
Algorithmia. (2020). Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020 (in million U.S. dollars). Statista. Statista Inc.. Accessed: October 07, 2024. https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter
Algorithmia. "Annual Infrastructure Costs for Third-party Machine Learning Operations (Mlops) Solution versus Building from Scratch in Organizations Worldwide in 2020 (in Million U.S. Dollars)." Statista, Statista Inc., 10 Dec 2020, https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter
Algorithmia, Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter (last visited October 07, 2024)
Annual infrastructure costs for third-party machine learning operations (MLOps) solution versus building from scratch in organizations worldwide in 2020 (in million U.S. dollars) [Graph], Algorithmia, December 10, 2020. [Online]. Available: https://www.statista.com/statistics/1247451/worldwide-infrastructure-costs-organizations-third-party/?utm_campaign=Start%20the%20week%20more%20informed&utm_medium=email&utm_source=Revue%20newsletter
