Best AI/ML App Ideas
Ideas have the power to transform and take your business ahead of the pack. We all have an idea but to bring them into reality one has to go beyond the effort that is actually required. Today we have reached to such an extent where businesses can take up the advantage of using artificial intelligence and machine learning techniques and use them in business operations and eliminate the burden of repeated tasks that seem to slow down work.
Ultimately, the goal is to create a collaborative world of AI which will dominate the global business markets.
Forrester predicts that by 2020, “businesses that are using artificial intelligence (AI) and machine learning technology will gain $1.2 trillion annually from their market base.”
Nearly 97% of mobile users are using AI-enabled virtual voice assistants.
Today businesses across the world are using artificial intelligence in their work process to reap higher revenues and profits. Here is the list of some AI/ML app ideas:
In the coming years, artificial intelligence will have a big impact on the healthcare industry. AI/ML applications help analyze the data from patients and also help improve outcomes to a greater extent. This means AI apps can be used as a decision augmentation tool that improves predictability, reliability, quality, and consistency of work with safety. Few examples:
With the move to the digital world, data hacks and cyber attacks are becoming a growing reality. To step to the mark it is one of the best ideas to use AI/ML in IT solutions, security, and services. Businesses can build AI platforms & apps in order to power IT services and security for the various workloads of computing systems.
Artificial intelligence technology offers a competitive edge to customer-centric websites and is becoming readily available to e-commerce companies of any size or budget. AI/ML is now enabling e-shoppers to associate products with the right size, color, shape, and brand. Many customer-centric websites are already becoming more sophisticated with advanced AI capabilities and are expected to grow in the future.
Artificial intelligence in cybersecurity has double benefits. On one hand, the technology is empowering firms to have more effective and intelligent protection against cyber attacks. The availability of AI-based open-source frameworks such as Caffe, TensorFlow, and Torch automate & strengthen data security at scale. For example-
With AI / ML technology, power providers can optimize power generation efficiency and also help predict the future energy load at granular levels. For example, the concept of “Digital Wind Farm” by GE Renewable Energy includes AI software that monitors the turbine movement that helps in improving the level of energy production by up to 20%.
Artificial intelligence automates the process of recruitment such as candidate sourcing, screening, and job matching. AI technology let recruiter focuses on other tasks and reduces their efforts by searching on the internet for the right candidates. Today smart employers are using the AI based recruiting apps to find candidates who have not been considered for job roles in the past not because they were not eligible or well-qualified, but because they did not appear in the search results. Few examples:
The concept of AI/ML tools has changed the way we search, read & write text. There are advanced AI / ML applications that understand, read, and search for you will also help researchers know about the development of new technology, information, and tools.
The conversational interface is the latest trend in the world of technology that is focused on how people interact with systems. Big brands such as Amazon, Facebook, Google, and Microsoft, are strongly focused on the growth of conversational interfaces.
Nowadays, market traders need to stay updated with every minute of market movements. The use of AI/ML apps in the modern stock market keeps tabs on the rising and fall of the stocks on daily basis. You can also check the real-time market price of the stock, take help in making a portfolio, get help in understanding stocks charts, market trends, and everything from your smartphone.
Artificial intelligence is affecting many industries and accounting and fintech industry are no exceptions. Today accounts and finance professionals are utilizing AI/ML to make their work easy through practices like quick data entry and reporting.
So you have seen the list of AI/ML app ideas that would surely help your business for good growth. Although many big corporations have been pioneers in their use, a number of SMEs are also using them to grow their business through innovative ideas, performance, efficiency, and productivity.
Artificial intelligence is valuable and continuously evolving. For your business, it is unique and worth the investment. So, start using these technologies to get the best results for your business. For Better and more effective results you can hire expert Artificial Intelligence Developers (GoLang).
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