AI-based Apps are creating a storm. For both users and businesses, these apps have come as a boon. The last few years have witnessed a boom in AI (Artificial Intelligence) apps for business, covering everything from recruitment and HR to customer service and office management. Unsurprisingly, businessmen have led AI adoption, growing by 270% over the past four years. There are various AI apps available in the market that offer companies unprecedented competitive benefits without requiring infrastructural rebuilding. 

Artificial intelligence continues to open up new opportunities in the business world. If this technology is used in the right way, it will benefit your business, making you more efficient in your operations and ultimately help you in making money. However, if you are unable to come up with new exciting ideas for your mobile application, it is just a waste of money. The Artificial Intelligence app market is expected to grow approximately by 154% year on year, reaching a prediction of $22.6 billion. 

But, what is an AI?

AI (Artificial Intelligence) is a computing technology that enables a computer to achieve human-like activities. This technology can be divided into two categories including “Narrow AI” and “Artificial General Intelligence” (AGI). Siri, Alexa, Google search, and image recognition apps are some examples of narrow AI. This technology has gained lots of popularity in ensuring proper data security. Artificial Intelligence-based cybersecurity products have been proven to accelerate incident detection, identify risk factors and create situational awareness. AI-based apps are sure to take over the next level of the cybersecurity process very soon as they add more efficiency and value to the entire process.

The Global Market for AI

AI market size was valued at USD 4.68 billion in 2018 and is expected to reach USD 190.61 billion by 2025, at a CAGR of 36.2% during the forecast period. During this period, the artificial intelligence market for hardware is expected to grow at a high CAGR. It can increase the need for hardware platforms with high computing power to run various AI applications. With the importance of AI business strategy and its wide use in different sectors, there is no wonder that this technology has a rapidly growing market. Here are some reports of market research. 

• MarketsandMarkets estimates that the global AI market will reach $190.61 billion in 2025, from $16.06 billion in 2017, with a CAGR of 36.2%.
• Statista projects that the global market for AI will reach $118.6 billion in 2025, from $9.5 billion in 2018.
• MarketWatch forecasts the global AI market to reach $191 billion in 2024 with a CAGR of 37% during the 2019-2024 period.
• Samsung, Facebook, IBM, Google, and Microsoft are key players in the global AI market. 

Top AI-Based Applications Ideas For Business That Will Make Money In 2021

Whether you are a startup or an established business owner, it will be beneficial to use artificial intelligence in your business. With AI apps, you can improve your customer communication, save costs, and even strength your brand loyalty with personalization. Here are some top AI-based apps ideas that a business owner can use for making money in 2021. 

AI-based app # 1 – healthcare tools & equipment

It has been predicted that AI will have a major impact on the healthcare industry by the year 2021. Artificial Intelligence apps are designed to analyze data from patients and also improve results. It means you can use AI-based apps as a decision enhancement tool that not only improves reliability and quality but also boosts work stability along with security. BillyScreen and Redivus are two popular examples of AI-based apps that are widely used in the healthcare industry. 

AI-based app # 2 – eCommerce store

Whether you have an eCommerce store website or you are planning to develop one, it is essential to upload products’ pictures on the site. For this, you first need to search for the images over the internet which is time-consuming and challenging. To avoid this, you can ask your mobile app development company to incorporate an on-device recognition tool for the admin. This AI-based tool scans, manages and categorizes all the images in your mobile phones based on the product’s picture. Amazon’s most popular app Alexa is a big example of an AI-based eCommerce app. 

AI-based app # 3 – cybersecurity 

Artificial Intelligence has gained too much attention in the cybersecurity area. This technology is empowering various companies to provide more intelligent and effective protection against cyber attacks. The availability of AI-based open-source frameworks such as TensorFlow, Caf, and Torch strengthens and automates data security at scale. LogRhythm and Falcon are two examples of AI cybersecurity apps. 

AI-based app # 4 – online recruiting automation

From screening to candidate sourcing, to job matching, AI effectively automates the complete recruitment process. So, using AI-based apps for online recruiting automation is the best idea to make money in 2021. AL-ML development focuses on different recruitment tasks and decrease their efforts by finding the internet for the right aspirants. Recruitment Chatbot is one of the biggest examples of AI-based online recruiting automation applications. 

The Takeaway!

So, four top AI-based app ideas will surely help your business for good growth and ultimately help in making money in 2021 after all it has become a powerful tool in recent years. Both small-scale and large-scale companies are using these technologies to increase their competitiveness through innovation, efficiency, and even productivity. No matter your business size or budget, your business is unique and important for you, and using Artificial Intelligence for your business is worth the investment. So, don’t waste your time overthinking, just start using AI-based apps as soon as possible to make money in 2021. 

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