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Calculating machine learning costs: price factors and estimates from the JustSoftLab portfolio
TL;DR Generally, machine learning development costs can start from as low as $10,000 and go upwards of $1,000,000 for a customized...
Sep 17, 202410 min read


Machine Learning Model Training: Complete Guide for Businesses
In 2016, Microsoft launched an AI chatbot named Tay. It was supposed to dive into real-time conversations on Twitter, pick up the lingo,...
Sep 16, 202413 min read


Machine learning in ecommerce: 11 trends shaping the future now
The storm has passed on the ecommerce market after the COVID-19 pandemic that sparked a 55% surge in online spending . More shopping...
Sep 15, 202412 min read


How AI-driven sentiment analysis could boost your business
“People will forget what you said, people will forget what you did, but people will never forget how you made them feel.” – Maya Angelou,...
Sep 14, 202411 min read


From idea to reality: the essential steps of software development
Every good piece of software starts with a plan and a clear software development process. This process, spanning everything from ideation...
Sep 13, 20248 min read


How creating an AI proof of concept (PoC) can help you minimize AI development and adoption risks
Our client lost only a quarter of the budget they dedicated to an AI project because they chose to start with a proof of concept (PoC)....
Sep 12, 202413 min read


How using generative AI in finance leads to major cost savings and improved customer experience
McKinsey predicts that generative AI could add $200–340 billion in annual value to the banking sector, which would mostly come from...
Sep 11, 202410 min read


What is proof of concept (PoC) in software development, and when does your company need it?
Before becoming our client, one entrepreneur lost over $70,000 on a project because his tech vendor didn’t suggest a proof of concept...
Sep 10, 202413 min read


Exploring the Potential of Generative AI in E-commerce
Generative AI applications such as ChatGPT, Stable Diffusion, Claude, GitHub Copilot, and others have gained widespread attention for...
Sep 9, 20248 min read


How much does an MVP cost in 2024?
MVP pricing depends on many factors, including MVP’s audience, target industry, intended platforms, technologies applied, team...
Sep 7, 202410 min read


Evaluating the Cost of Generative AI for Effective Implementation in Your Organization
(TL;DR) The cost of implementing generative AI in a business can range from a few hundred dollars per month to $190,000 (and more) for a...
Sep 6, 202416 min read


Generative AI in Retail: Top 5 Use Cases to Consider
When thinking about which industries will benefit the most from adopting generative AI solutions , retail might not be the first sector...
Sep 6, 20247 min read


Understanding the Pros and Cons of Generative AI
Let’s be fair: generative AI is no longer just a buzzword. It’s a game-changer that enterprise executives and entrepreneurs cannot...
Sep 5, 20249 min read


Generative AI for Supply Chains: Pioneering a New Era of Efficiency and Sustainability
Recently, a complaint was filed against Volkswagen, BMW, and Mercedes Benz with the German Federal Office for Economic Affairs and...
Sep 2, 20249 min read


How Much Will AI Cost in 2024?
How much does AI cost? The JustSoftLab team estimates that you will spend at least $50,000 on an MVP version of an AI solution , with...
Aug 30, 20249 min read


9 Ways Artificial Intelligence is Revolutionizing Cancer Prediction, Detection, and Treatment
"A human would say it's normal. But AI detected these subtle patterns, and it was very confident. It found the cancer. We just detected...
Aug 28, 202410 min read


5 Ways to Use Generative AI in Healthcare
PwC predicts that healthcare spending will increase by 7% in 2024 . This growth is primarily driven by healthcare worker burnout, labor...
Aug 27, 20248 min read


Generative AI vs. AI: Choosing the Right Technology for Your Business Development
Artificial Intelligence (AI) is a broad term encompassing machine learning, natural language processing, computer vision, robotic...
Aug 26, 20244 min read


Most Opt for Mobile Platforms and Work on Games During the War: Analytics of Ukrainian Product Game Development Companies, 2024
We continue to study the Ukrainian game development market and present the first analytics on product companies operating in our country....
Aug 19, 20243 min read


Challenges and opportunities for Ukrainian IT companies in the international arena: Recommendations from Roman Vinokurov, CEO of JustSoftLab
Challenges and Opportunities for Ukrainian IT Companies: Recommendations from Roman Vinokurov, CEO of JustSoftLab In discussions with the...
Aug 19, 20243 min read
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