A study conducted by Mitre found that only 39% of U.S. adults believe today’s AI technologies are safe and secure, with most saying they’re more concerned than excited about the technology, due to what they consider to be potential privacy concerns.
These concerns mostly stem from vulnerabilities in public AI models that pose a risk for data breach, unauthorized access to private data, and privacy violations. The wealth of information used for producing AI models, makes these models a target for cyberattacks.
However, as alarming as the security concerns that public AI carries, there are many other reasons why companies are turning to private AI models to streamline their operational efficiencies.
What is the Difference between Public AI & Private AI?
There are several differences between public AI and private AI models, but the major distinctions come from three major categories: security & privacy, customization options, and use cases.
Security & Privacy
Public AI models operate in an open environment. This allows for increased accessibility to a broader audience, but this also exposes them to the possibility of malicious cyber attacks.
Private AI models on the other hand, operate in a closed or restricted environment, meaning only specific users have access to the technology. This makes private AI models an ideal tool for companies managing sensitive information.
Customization Options
With public AI tools, customization options – if available at all – are extremely limited. Therefore, companies that have unique requirements or special use cases may find it challenging to adapt to pre-existing models to suit their distinctive use cases.
Private AI models tend to beat public AI tools with their extensive options for customization. Businesses can tailor private models to fit their specific operational needs to a tee, allowing for a more substantial increase in productivity.
Use Cases
Because of the nature of the open environment and the availability of information, public AI tools can serve a wider variety of needs. However, public tools still lack specificity, so they may be able to give you a heads start on certain projects, but they likely cannot deliver on all of your requirements.
As an advantage of the customization options provided by a private AI model, these models are best suited for specific tasks related to a business’s internal processes such as streamlining a unique operational function or conducting proprietary data research.
Benefits of a Private AI Solution
1. Enhanced Data Privacy and Security
As one of the biggest distinguishing characteristics between a private and public AI model, private models allow businesses to maintain tighter control over their data, meaning a more private and secure infrastructure. This advantage of private AI models will only prove to be more necessary as public AI model usage continues to grow, and therefore, the risk of malicious security attacks grows with it. Private models ensure that proprietary information, customer data, and business processes are kept confidential and secure.
2. Customization for Specific Business Needs
Without customization options with an AI model, the question of how much efficiency they actually provide is called into question. If you are spending extra time modifying system responses to fit your specific needs, as can be the case with a public AI model, you really aren’t gaining the promised productivity of AI automation. A private AI model is tailored to address the unique operational challenges of your business, which is why private AI models provide a more substantial reduction to time spent on manual tasks, as well as a more tangible boost to your workflow efficiencies.
3. Cost Efficiency in the Long Run
One of the differences between a private AI model and a public AI model that we did not discuss in the previous section, was the cost associated with developing and maintaining a private AI model. Of course, public AI models are currently free to use for everybody, which can make them an appealing option for a business on a budget. However, while the initial investment in developing a private AI model can cost more, the long-term benefits often outweigh the costs. A private AI model can actually deliver on improved operational efficiency, a reduction in redundant processes, and other time-saving benefits that over-time translate into significant cost savings.
5. Improved Performance
As a result of the customization options provided by private AI models, they’re highly specialized and efficient. This means improved accuracy to prompts, faster processing times, and better overall performance for your specific use cases. The cost benefit of having a private AI model is never more proven than when you can identify tangible increases to the performance of your operations.
6. Flexibility and Control
Using a private AI model gives your business full control over the AI lifecycle, from development to deployment to ongoing maintenance. This control allows for quick iterations and improvements, which can better position your organization to adapt swiftly to changing business needs. With a private AI model, you are not dependent on third-party updates or changes, which can sometimes disrupt your operations.
Develop a Private AI Model for Your Business with Core Knowledge AI
Oftentimes the main appeal of a private AI model is the added privacy and security, which is a valid reason to pursue the option, but there are many other advantages to derive from using a private model. The customization of how the model operates and behaves can have lasting benefits to your team’s productivity and overall performance. As AI continues to grow and evolve, businesses equipped with private AI solutions will be better positioned to thrive in a rapidly changing landscape.
Core Knowledge AI specializes in advanced, cutting-edge AI tools tailored to seamlessly integrate with any of your existing business systems for complete automation. Our private AI models support a variety of business functions from virtual data assistance, form automation, customer support, data analysis, transaction tracking, and other supportive functions.
Our powerful, all-inclusive AI platform is extremely customizable and flexible, allowing us to easily build an AI model capable of meeting all of your business requirements, and our build-your-own package models make it cost beneficial as you can pick and choose exactly what you need.
Schedule a demo to see how Core Knowledge AI can help your business achieve your strategic objectives with confidence.