AI is forcing companies to make difficult, costly hiring decisions [Video]

As artificial intelligence capabilities continue to expand, many executives are grappling with a crucial decision: Should they invest in upskilling their existing teams or bring in outside experts to jumpstart their AI initiatives?

With the global AI consulting market projected to reach $72.5 billion by 2025, with a compound annual growth rate of 40.3% from 2020 to 2027, and 63% of enterprises planning to increase their AI investments in the coming year, the demand for external expertise is clearly on the rise. But that doesn’t mean there’s a one-size-fits-all solution, according to Hakan Kardes, chief experience officer at Alignment Health.

“There are undeniable advantages to bringing in external consultants, especially early in the AI journey,” he said, adding that external consultants offer immediate access to specialized skills and knowledge, which are key for accelerating critical projects and exploring new technologies.

But Kardes says the challenge lies in “ensuring the external expertise is effectively integrated with the internal …