The field of AI startups has been developing for several years. This relatively new technology has applications in numerous industries and niches worldwide. In 2020, Tractica predicted that the worldwide AI software market would be worth $126 billion.
Computer scientist Andrew Yang popularized the notion that artificial intelligence is the new electricity, who stated AI is the next common sense. In 2019, O'Reilly released a book that warned against several obstacles to AI implementation, including corporate culture failing to recognize the necessity for artificial intelligence. It's no surprise that traditional firms are rooted in their procedures and rarely break out of their silos.
However, for new business owners, this should not deter them - needless to say, artificial intelligence will be the primary pillar on which firms should be built - and discovering AI-driven ideas should be at the top of their list at least to stay competitive and successful. Ai development services must stay ahead of the curve for these companies.
If you're feeling a little lost, have no fear: we've compiled a list of the top 10 AI business ideas to get you started.
In a world where we are constantly inundated with tasks and responsibilities, it's no surprise that the demand for virtual assistants is rising. A virtual assistant can handle various tasks, from scheduling appointments to managing social media accounts to providing customer support.
A virtual assistant generally employs cutting-edge AI such as advanced AI, RPA, NLP, and machine learning to generate data models. The worldwide intelligent virtual assistant industry is expected to expand at 28.5% annually through 2028, making it a smart investment choice for an AI startup.
IoT is becoming increasingly popular. It has evolved from an add-on to core business functions into a significant driving force behind growth. Businesses are developing new apps for anomaly detection, cloud robots, and elastic cloud computing every day. IoT's potential is realized through sensor technology, and AI comes to the rescue with data analysis smartness. An AI development company can help you create a successful IoT startup.'
Filing taxes can be a daunting task for many people - especially if they are self-employed or have multiple income streams. Tax return services that use artificial intelligence can help to take the guesswork out of tax preparation and make it a much simpler process.
AI is not a new concept in the recruitment market; however, it lags in various ways. There's no shortage of AI-based recruitment software, and most of them are notorious for eliminating other elements from a candidate profile to yield a binary "yes" or "no" option. This is where a novice may get started, offering businesses a recruitment application as competent and well-intentioned as any seasoned pro. AI development services can help you create a recruitment application that does not compromise on quality.
Do you have a strong desire to battle the digital aggressors? Building AI-powered cyber-security applications should be your business if that's the case. As a result of increased digitization, Cyber-crimes are on the rise, prompting cybersecurity solutions in the market. According to Reinventing Cybersecurity with Artificial Intelligence, there is a strong argument for employing AI in cybersecurity, with three out of four executives believing that using AI helps them detect new cyber assaults faster.
E-learning is a growing industry, and with the help of AI, it can only get better. AI-augmented e-learning applications can help to improve the learning experience by providing personalized content and feedback.
However, like with any other innovative technology, there are some drawbacks. Teachers and students alike have expressed concern about the lack of personal attention in training and that machines determine what is best for a student. Artificial intelligence has the potential to fill this gap in understanding the numerous and varied demands of pupils.
Several subscription-based delivery apps use artificial intelligence to make the delivery process more efficient. These apps can help optimize routes and ensure deliveries are made on time.
Artificial intelligence makes this technology more conducive to company growth by allowing apps to customize the discovery experience for clients and optimizing operational procedures using predictive analytics for business owners.
Hackers can exploit vulnerabilities in software applications to gain access to sensitive data. Vulnerability detection applications use artificial intelligence to scan code and identify potential security risks. Because a vulnerability scanner uses a database to compare information about the target attack surface, machine learning methods have found an ideal use for not just optimizing but also scaling up the procedure.
Personal shopping assistants can help make the shopping experience more efficient and convenient. AI-powered assistants can provide personalized recommendations, track prices, and even place orders on your behalf.
Customers can use AI to obtain inventory-based knowledge without relying on a person when it comes online. AI links consumers' purchase histories with the manufacturer's suggestion to assist customers in making educated decisions.
Online poker is a popular game that can be played for real money. AI-powered online poker-playing businesses use artificial intelligence to make the game fairer and provide players with an edge.
Poker is similar to chess in that it heavily relies on predicting the opponent's hidden cards. Artificial intelligence can address many uncertainty and complexity issues using predictive analytics. Perhaps, poker will no longer be a game solely about cards, but rather it will become an algorithm-based game. Consider yourself fortunate if you can predict what's next.
As you can see, there are several different AI business ideas that you can explore. Choose one that you are passionate about, and get started today! You'll be glad you did.
I am Kiran Patel, a technology enthusiast. Blogger & Author by passion. Whether you talk about passion or profession, by both I am a writer! I am a Guest Author on many reputed sites and have been sharing my knowledge for many years now.
