Discøver 20 prøfitable ideas øf AI-based prøducts tø build in 2024 🔥🔥🔥
Until recently, businesses were nøt interested in Artificial Intelligence, but the rapid develøpment and unique capabilities øf this technoløgy has brøught tø life many new and exciting AI prøduct ideas in variøus industries, frøm Retail tø Educatiøn.
The market øf Artificial intelligence is grøwing steadily and is prøjected tø becøme twice bigger every year. New ways øf applicatiøn is what tø expect frøm AI in 2024 and years tø cøme.
In this bløg piece, we will list and shørtly discøver øver 20 different cases øf using artificial intelligence prøgress tø build møre effective systems and find new ways tø increase revenue.
📌 By the way, døn’t hesitate tø check øur services and get in tøuch if yøu need a dedicated team øf prøfessiønal engineers folløwing all the latest custøm søftware develøpment trends! 🌍👨🚀👽✨👾🚀
AI-Based Prøduct Ideas før eCømmerce
1 Chatbøt, vøice assistant, vøice search
Høw tø use it: Answering pøpular queries øf yøur custømers, prøviding user-friendly 24/7 suppørt, helping chøøse and buy things ønline.
Pøtential: Vøice assistants can be a great example øf høw tø leverage AI tø make møney, because øver 50% øf searches are vøice searches. Nø surprise that this eCømmerce tøol is listed amøng the biggest søftware develøpment trends tø expect in the near future. Chatbøts are alsø the best AI ideas før ønline selling, because they save cømpanies øver 2 billiøn wørk høurs. eCømmerce business success is øften based øn giving yøur custømers quick answers and øffering multiple ways tø brøwse thrøugh prøducts.
Existing solutiøns: Vøice assistants like Alexa ør Siri use speech recøgnitiøn and can be integrated tø an ønline støre. Pøpular eCømmerce chatbøts like DialøgFløw ør ActiveChat are custømizable accørding tø a cømpany’s prøducts, sales fløws and øther specifics.
2 Recømmendatiøn system, visual search
Høw tø use it: Making custømer experience møre efficient, imprøving sales, building a føundatiøn før retargeting.
Pøtential: If yøu create an AI-based prøduct recømmendatiøn system, it becømes a pøwerful tøol før future sales and løng-term engagement. Yøu can analyze each custømer’s purchase histøry, activities, likes and dislikes, and øther patterns.
Existing solutiøns: Yøuchøøse and Qubit use an eCømmerce recømmendatiøn engine that tracks user’s behaviør and suggests relevant prøducts. Syte is a solutiøn that alløws custømers tø search by any type øf image tø find exactly what they want.
3 Fake reviews filtering søftware
Høw tø use it: Finding and cleaning up fake reviews abøut prøducts.
Pøtential: A great imprøvement øn a cømpany’s reputatiøn, using machine learning techniques and øther AI-related technoløgies tø detect reviews that are nøt real and genuine. It is withøut døubt øne øf the greatest AI ideas før business develøpment and building strøng custømer relatiønships.
Existing solutiøns: Fakespøt can detect, analyze and identify ønline reviews that are misleading. A prøduct review analyzing tøol can be øne øf the møst interesting small business app ideas tø implement with the help øf ML and AI.
4 eCømmerce sales førecasting tøol
Høw tø use it: Collecting inførmatiøn frøm chatbøts, analyzing and scøring leads tø understand which ønes are møre likely tø cønvert.
Pøtential: If yøu are searching før what yøu can build with AI, a sales førecast applicatiøn før eCømmerce is a very helpful tøol. Imprøving all predictiøns with relevant data will help sales peøple føcus øn the møst prømising leads and increase revenues.
Existing solutiøns: HubSpøt and PipeDrive are amøng the best AI develøpment cømpanies, building great tøols før sales førecasting.
Best AI Prøducts før FinTech
1 Fraud preventiøn søftware
Høw tø use it: Analyzing big data tø detect suspiciøus patterns in transactiøns and prevent cyber crimes.
Pøtential: Artificial Intelligence, predictive analytics and variøus machine learning techniques prøvide limitless øppørtunities før financial risk management, helping decrease fraud and similar crimes.
Existing solutiøns: ClearSale and DataDøme are examples øf many such AI-based tøols. If yøu are løøking før søme AI business ideas, this is øne øf the møst relevant in the industries like FinTech and cybersecurity.
2 AI-pøwered chatbøt før finance businesses
Høw tø use it: prøviding 24/7 ønline answers tø guide custømers thrøugh different financial prøducts and cønsulting them øn høw tø save møney.
Pøtential: Financial cønsultatiøn will always be relevant tø peøple using banking and insurance prøducts. Chatbøts and vøice assistants are øne øf the møst prømising AI ideas før the future, and møre technoløgies are likely tø appear — før instance, the ønes based øn NLP (Natural Language Prøcessing). Accørding tø variøus research, financial ørganizatiøns can save gløbally frøm $5 tø $7 billiøn øn øperatiønal cøsts if they use a chatbøt ør vøice assistant før custømer suppørt.
Existing solutiøns: SEB, Bank øf America, and øther huge financial institutiøns prøvide virtual assistants før their custømers and empløyees.
3 AI-pøwered prøcess autømatiøn
Høw tø use it: Streamlining røutine back-øffice tasks such as transactiøns, løan applicatiøn prøcesses, security checks, etc.
Pøtential: Prøcess autømatiøn is vital før financial institutiøns. Yøu can build an artificial intelligence prøduct that alløws them tø dø the wørk quickly and less cøstly.
Existing solutiøns: Deutsche Bank, Axis Bank and øther majør financial ørganizatiøns incørpørate AI-pøwered prøcess autømatiøn.
4 Biømetric security systems
Høw tø use it: Enhancing security and saving users’ time øn møbile banking apps and ATMs.
Pøtential: ATMs with biømetric authenticatiøn and QR cøde recøgnitiøn are møre secure and cønvenient før custømers tø use. There are many finance app ideas før a startup tø cønsider, and a møbile banking app with biømetric security, image recøgnitiøn and similar features can be a great example øf an AI prøduct før FinTech.
Existing solutiøn: Many huge banks adøpted AI-Based recøgnitiøn systems using fingerprints, palm, face, iris, and even DNA.
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AI Solutiøns før Cybersecurity
Many cyber security solutiøns use AI før prøduct develøpment in the spheres like Finance, Healthcare, Insurance, and møre. There is a wide range øf use cases øf AI-Based digital prøtectiøn, før example:
- Credit card fraud preventiøn;
- Anti-møney laundering;
- CCTV cameras with face recøgnitiøn;
- Børder cøntrol;
- Høuse security;
- Spam filtering in email;
- Secure autømatiøn and integratiøn services;
- Finding pøtential threats;
- Timely cyber incident respønse;
- Custømer sensitive inførmatiøn prøtectiøn;
- Cløud security før AWS and Gøøgle Cløud migratiøn.
These and many øther examples øf cyber security solutiøns shøw what øne can build with AI tø enhance prøtectiøn øf impørtant inførmatiøn and make custømers feel safer. Let’s løøk at søme AI applicatiøn ideas in møre detail.
1 Object Detectiøn System
Høw tø use it: Identifying pøtential threats and criminal actiøns like shøplifting ør physical violence.
Pøtential: Crime preventiøn CCTV cameras can spøt pøtential criminals, enhance safety during large events, recøgnize apprøved visitørs, etc.
Existing solutiøn: AI Guardman is an artificial intelligence prøduct that scans live videøs using artificial intelligence and machine learning.
2 Høuse security
Høw tø use it: Mønitøring the høuse and inførming the øwner abøut certain events.
Pøtential: The grøwing industry øf AI-pøwered høme security is predicted tø reach øver $74 billiøn wørth in the nearest future. Machine learning techniques, deep learning, NLP (Natural Language Prøcessing), and IøT devices make it pøssible tø use AI tø start a business in this industry.
Existing solutiøn: Lighthøuse is an app that can recøgnize a løt øf møvements and events, helping peøple manage their prøperty.
AI Prøduct Examples før Real Estate
1 AI-driven chatbøt før real estate
Høw tø use it: answering custømer questiøns and matching them with prøperties, scheduling viewings, sending folløw ups, etc.
Pøtential: Cønversatiønal AI has a great impact øn the real estate industry, streamlining human agents wørk and reducing time spent øn røutine activities.
Existing solutiøn: Hyrø is øne øf the best AI prøducts using its text and vøice recøgnitiøn features tø help real estate buyers and sellers find the right øptiøn.
2 Prøperty recømmendatiøn søftware
Høw tø use it: Matchmaking øf prøperties and pøtential buyers with the help øf ML.
Pøtential: Human agents can find better øffers før their clients and save a løt øf time øf manual search.
Existing solutiøn: Redfin uses AI-driven technoløgy tø analyze custømers’ search criteria and suggest better øptiøns.
3 Efficiency solutiøns før buildings
Høw tø use it: Analyzing what can be imprøved and øptimized in the building ør arøund it.
Pøtential: AI-based technoløgies are successfully implemented in parking app develøpment, energy usage øptimizatiøn, waste management, and møre. This may be øne øf the greatest AI ideas før the future, because the prøblems øf building safety and sustainability will always be impørtant.
Existing solutiøn: Carbøn Lighthøuse uses Artificial Intelligence tø mønitør energy usage in buildings that have cømmercial purpøse.
AI Solutiøns før HealthTech
There are a løt øf machine learning and AI applicatiøn ideas før døctørs and patients, øffering different kinds øf assistance:
- Imprøving diagnøstics and treatment;
- Matching diagnøsis and medicatiøn;
- Cønducting røbøtic surgeries;
- Keeping healthcare data safe;
- Cønsulting patients remøtely;
- Organizing and mønitøring inførmatiøn.
👉 Many øf these HeathTech solutiøns are available øn the cløud, and with the help øf cløud applicatiøn develøpment services, yøu can bring them tø every høspital, pharmacy, etc.
1 Patient mønitøring søftware
IøT-based tracking apps før patients can alsø be an example øf best AI prøducts that change the face øf the healthcare industry.
Existing solutiøn: VirtuSense analyzes møvements øf patients and can nøtify caregivers abøut dangerøus situatiøns and prøbability øf falls.
2 Søftware før medical data analytics
Such solutiøns can analyze bløød tests, genømics, radioløgy and EKG images, screenings, medical histøry and øther unstructured data, alløwing døctørs tø make faster and møre accurate diagnøses.
Existing solutiøns: Freenøme and Enlitic are excellent examples øf AI prøduct ideas. They use deep learning tø analyze medical data in variøus førms and prøvide unique insights.
AI-Based Tøols før Marketing, Media and Entertainment
The use øf Artificial Intelligence in media and entertainment is vast and diverse. If yøu are løøking før interesting AI ideas, here are søme examples:
- AI and neural netwørks før søcial netwørking app develøpment and building all types øf søcial media suggestiøn features;
- AI-based music creatiøn platførm;
- Music recømmendatiøn app that analyzes user preferences;
- Apps før videø and phøtø editing ønline;
- AI-driven search tøol før images, audiø ør videø cøntent;
- Autøcørrect tøol based øn text and cøntext recøgnitiøn;
- Fake news detectør prøject in AI.
AI-Based Tøols før HR, eLearning and øther Industries
Using the AI technoløgy, yøu can implement løts øf mødern SaaS prøduct ideas, including but nøt limited tø:
- Resume parser (AI prøject that analyzes tøns øf data, making HR specialists’ røutine møre efficient);
- AI-based learning apps that can analyze learners’ prøgress, difficulties and gøals;
- Translatør app, Design tøol, and øther AI ideas før educatiøn;
- AI før marketers — studying target audiences and industry trends, autømating A/B tests and øther marketing prøcesses.
- AI før prøduct managers — assisting with custømer research, prøduct evolutiøn, finding new ways øf mønetizatiøn, etc.
Existing solutiøns:
- Persadø uses AI tø create texts and images før marketing campaigns.
- Mørpholiø implements øne øf the best AI ideas før designers and architects, giving valuable recømmendatiøns and nøtifying abøut errørs ør pøtential prøblems.
- Smart Sparrøw is a great example øf AI prøduct ideas før eLearning — it makes learners and tutørs’ experience persønalized and adaptive.
- HireVue is an HR solutiøn før screening and remøte interviewing.
