Domino Unveils Innovations for Enterprises to Maximize AI ROI with Reduced Costs

Domino Empowers Enterprises to Harness AI with Cost Efficiency

Domino Data Lab, a leading provider of Enterprise AI solutions, has recently announced significant enhancements to its flagship platform. These updates are designed to help enterprise IT teams effectively scale AI value while controlling operational costs. As organizations increasingly turn to artificial intelligence, ensuring that these initiatives deliver a strong return on investment (ROI) is vital.

Addressing the Challenge of Scaling AI

The challenges of deploying AI at scale are well-known in the industry. Despite recognizing promising AI use cases, companies often struggle to realize substantial ROI due to high infrastructure costs, operational complexity, and slow integration into business processes. According to Domino's REVelate study, nearly 60% of enterprises anticipate an ROI of less than 50% from their AI investments. The company's recent updates focus on mitigating these hurdles and enabling IT teams to maximize AI investments efficiently.

Nick Elprin, the CEO and co-founder of Domino Data Lab, emphasized that while AI experimentation is relatively straightforward, achieving scalable returns is where most organizations falter. He stated, "Domino's new capabilities empower enterprises to move beyond mere experimentation to deploy their AI applications at an enterprise level and tap into their full potential."

New Features for Enhanced AI Application

The latest iterations of Domino Apps introduce several innovative features benefitting IT and business teams. One of the most prominent advancements is the autoscaling feature, which allows these applications to dynamically adjust their computing resources. This smart scaling ensures that businesses can accommodate user demands and provide a seamless experience while avoiding unnecessary costs during low-usage periods.

Additionally, Domino is proud to unveil a new App Discovery feature. This streamlines the process for business users to find apps relevant to their roles, fostering a culture of collaboration and facilitating broader AI adoption across the enterprise. By simplifying access to relevant applications, these features can significantly enhance productivity within organizations.

Cost-Effective Infrastructure Options

In tandem with these application capabilities, Domino has also integrated new features into its computing infrastructure. The support for spot instances allows enterprises to run their AI workloads—including development, training, or serving APIs—through low-cost computing resources, trimming infrastructure costs by as much as 60%. This not only helps manage expenses but also encourages experimentation and innovation in developing AI solutions.

Moreover, the introduction of managed data planes enhances security and data privacy. Built upon Domino's unique hybrid- and multi-cloud orchestration technology, these isolated data planes allow enterprises to run their applications across different geographical locations to comply with regional data privacy regulations, thereby reducing financial burdens associated with data transfer.

Enabling IT Teams as AI Catalysts

With these updates, Domino Data Lab transforms IT teams into powerful enablers of AI within enterprises. By supplying the necessary tools to maximize AI applications' impact while minimizing their costs, Domino equips organizations with the capability to embark on their AI journeys more confidently and effectively. This proactive approach encourages collaboration across departments that rely on data science, particularly within heavily regulated environments.

Conclusion and Availability

The innovations including application discovery, autoscaling, spot instance support, and the introduction of managed data planes are now available in Domino Cloud on AWS, with plans to extend these offerings to additional cloud providers in future releases.

By leveraging these new capabilities, enterprises can ensure that their AI investments not only yield promising outcomes but also contribute to a sustainable financial future.

To learn more about Domino's latest innovations and how they can help your organization tap into the transformative potential of AI, visit Domino’s website.