Machine Learning Consulting Rates – How Much You Should Pay for a Machine Learning Consultant

While machine learning is not a new technique, interest in the field has improved in recent years. Machine learning systems are used all around us in the globe and are the cornerstone of the modern internet. Every Google search utilizes various machine-learning systems, to comprehend the language in your query through to representing your results. As the use of machine learning has kicked off, companies are now creating specialized hardware specialized in running and training machine models. Learn more about machine learning.

But even more important is the availability of huge amounts of processing power, thanks to modern Graphics Processing Units (GPUs), which can be linked together into clusters to create machine-learning powerhouses. In the world today, anyone with an internet connection can utilize these clusters to train machine-learning models, via cloud services provided by firms like Amazon, Google, and Microsoft. Lots and lots of data is the key to making machine learning possible.

Before seeking machine learning services, it’s essential to understand the costs and the logic behind machine learning consulting rates. That way, you can come up with an informed and logical decision when comes to machine learning consulting services. You can also evaluate hourly or project-based rates from different individuals and companies. Plus, understand the factors that influence machine learning consulting rates and why most consulting services require custom, versus flat-rate pricing.

If you want to know more about machine learning consulting and how much you should expect to pay, contact us for more information.

What is the average machine learning consulting rate?

The average machine learning consulting charges depend on the pricing method of your consultant. Those who charge hourly range their cost from $250 to $ 350 or more. In comparison, flat-rate consultants cost ranges from $5000 to $7000 per project.

However, it is important to note that the above consulting rates vary from a consultant and country to another. These consulting rates in machine learning will be determined by the following factors;

1. Solution Architecture. To begin with, solution architecture refers to an entire system or specific parts of a system for out-bringing a solution. It is an important component in using machine learning, as solution architecture often integrates with business, information, and application architecture. JanesonX is an example of solution architecture. A complex solution architecture can demand more consultant’s hours to complete and will attract flat-rate charges. If you are looking for a faster, more immediate solution, JanesonX is a go-to solution for companies exploring machine learning.
2. Quality of requirement. Quality is very important when dealing with big data. Every other company wants to receive accurate and precise data. Therefore, requirement quality will determine machine learning consulting rates. For instance, some companies may desire high-quality results but provide small datasets. That way, they have to invest more time and money building the dataset.
3. Scope of the Project. The consulting rate in machine learning will also be determined by your project’s scope. For instance, a huge and more complicated project will attract a high consulting fee. This is because a machine learning consultant will have to spend more time setting up and implementing your solution architecture. Machine learning faces a major challenge in rating when companies or clients aren’t sure of what exactly they want.
4. Level of Expertise. No matter the field, the level of expertise impacts the cost of a product or service. In most cases, experts offering machine learning consulting services will base their hourly or flat rate on their background and expertise. For example, a machine learning consulting rate in Kenya will range from sh6000 per hour to sh7000 or even more. For companies looking to hire a machine learning consultant, consider making the experience a critical factor in your hiring decision. This is because you need to work with someone that can produce great results, without causing you and your team problems, especially if you aren’t familiar with machine earning. Contact JanesonX for any kind of help in machine learning. Our company helps you convert your ideas into tangible solutions through technical implementation. Also, our software consulting and engineering team are experts in the latest machine learning best practices.

Typical Machine Learning Consulting Activities

• Understanding the business needs

Like in all consulting, everything starts with the knowledge of business needs. Whether it is anticipating where to install internet base stations or who to view your ads. Misunderstanding business requirements is the main reason for the lack of success in consulting and software projects. Machine learning is also prone to this issue especially at the intersection of consulting and software.  

• Setting up team and process

Machine learning approaches make sense in problems that cannot be reduced to a set of rules. If the rules are simple and well known, rule base systems outperform machine learning and are simpler to maintain.

• Data Collection and Exploration

If the company has data, this will ease the work. Consultants have to work with business to validate the data is well labeled and not self-contradictory.

• Model Development

Hundreds of experiments are worth to develop a high performing machine learning model. This method takes into consideration the latest research, understanding business dynamics, and data exploration. Eventually, all models are examined against the same set of test data to determine their accuracy.

• Full-stack application development

Getting a model to production needs additional software development and integration work. We find machine learning models enclosed in APIs which are easy to integrate with any application. Application development might need integration to existing enterprise systems which requires working with external developers. Scalability and data security issues also need to be taken care of as part of the operationalizing model.

Why Choose JanesonX as Your Machine Learning Consultant

• We are experts in machine learning to analyze operational data to determine the condition of equipment and machinery to prevent failures.
• We have helped healthcare companies develop biometric verification solutions for faster access data and secure access to healthcare data.
• As a machine learning company, we have helped businesses optimize logistics, manage warehouses, improve how they predict sales and demand, and more.
• We also provide machine learning consulting for applying technologies to ensure privacy.

Want to take your business’s technology to another level? Contact us today or call us at +254714444045 and get your business machine learning solutions.