Calculate the revenues that Saama can produce from the innovation AI project for year 1 and year 2.

Saama created an initial list of candidate use cases for AI in clinical operations. These included intelligent virtual assistants for clinical trials, predicting insurance claims for fast-track submissions, and adverse events to drug mapping using NLU. The Innovation.AI projects were one-time pilots and were valued at $100,000 for midsized customers and $250,000 for large customers. Saama estimated that 50% of pilot engagements would convert into scaled-up AI projects, with a value of $500,000 annually for midsized accounts and $1 million annually for large accounts. In Year 1, Saama expected to secure one pilot project with large customers and two projects with midsized customers. In Year 2, it expected to double the number of pilot projects and would begin to realize revenues from scaled-up engagements that began as pilots in Year 1. In Year 1, revenues from the

AI engagements would be limited to revenues from one-time pilot projects. In Year 2, revenues would include one-time pilot projects as well as recurring revenues from scaled-up engagements.