- Summary for Quick Glance
- Market Stats for AI and ML in 2021-22
- 15 Artificial Intelligence and Machine Learning Apps for Various Sectors
- In the Healthcare Sector
- Read Also: How to Develop AI Mental Health Assistant App Like Youper, Wysa, Woebot
- In the IT Sector
- In Recruitment Sector
- In the Retail Sector
- In the Journalism Sector
- Related Blog: Evolving Mobile Experiences by using AR and AI
- In eCommerce Sector
- In the Content Marketing Sector
- In the Storytelling Sector
- For Matchmaking of Real-Lives
- In the Education Sector
- In Research-Aligned Domain
- In the Financial Sector
- Also Read: Leverage the Power of AI for Your Ecommerce Business Success
- In the Home Delivery Services
- In the Travel Industry
- In Virtual Event Platform
- Few of the Best AI & ML Startups
- Wrapping It Up!
“Some people call this artificial intelligence, but the reality is this technology will enhance us. So instead of artificial intelligence, I think we’ll augment our intelligence.” ~Ginni Rometty
As we move in the times that leverage the power of technology to stand out from the competition, we need to understand how it has seeped into our lives. If we talk in general about our engagements with technology, then we can see that the majority part of our day directly or indirectly involves technology. Our smartphones, desktops, laptops, biometric, cards, vehicles, the road, each and everything that we can speak of was once an AI startup idea part of technology and we cannot run away from the fact that technology keeps us going.
In years we have seen various technologies surface and grow but none expanded as strong as Artificial Intelligence and Machine Learning. Although the domain is quite new and extensive it is quite interesting to note that the majority of things we are dependent on owe their functioning and operation to AI and ML. Taking advantage of the trends, a lot of tech geeks look for machine learning application ideas to bring to the market something that is unique and innovative at the same time.
Summary for Quick Glance
ML and AI have the power to turn things in a better way with great utility. Over the years we can’t deny the fact that technologies have entered various streams and parts of our lives, and 2021-22 is the right time for us to adopt the digital domain using AI and ML. Today, we have come up with a list of top AI and ML app ideas that helped many industry verticals.
Don’t hassle anymore, time to enlighten your knowledge. Grab the ideas and transmit them into your own idea.
Let’s get started with some stats.
Market Stats for AI and ML in 2021-22
- Global AI software will trench the influence with 21.3% in the market with the value of $62B in 2022, as per Gartner, Inc.
- Top 33% of the market investors will invest more than a Million in AI within 2 years.
- According to Statista, the global market of AI software has been growing with a threshold value of $126B by the year 2025.
- The statistics really convinced us that companies are interested in the solutions of AI. More than 4.1k companies are willing to set their patent to come up with more authenticated solutions of AI and subdomains.
- The industry of ML is estimated to touch $8.8B in the year 2022 with an annual growth rate of 44.1%. The Ml solutions have gauged tragic advancement in the customer experience, and ROI for the business to edge their value in the global market.
- ML and AI play a vital role in industries like cybersecurity, intelligent process automation, computer vision, business intelligence, IoT, cloud, etc. These technologies exclusively blend with AI and ML to advance existing capabilities in a different part of the business. Improvise digital solutions.
- More than 70% of the companies are planning to break down their large data to small and in-depth data for analytics.
- Top companies cater their solutions with these latest technologies. Google is on the top of the list, next to it is Microsoft and IBM, Amazon, and SAP SE.
- If we look at the top 5 use cases of the AI software are virtual assistants, autonomous vehicles, digital workplaces, and crowdsource data.
- More AI emerging technologies; computer vision, augmented software development, data and analytics, and many others.
- The AI market is leading with the innovations and new comings, this helps many other technologies and organizations to emerge with.
15 Artificial Intelligence and Machine Learning Apps for Various Sectors
Technology has flowed into all the aspects of our lives. No matter how complex it is in the backdrop, it is much more interesting and simpler in the forefront. Over the years we have walked a long path and have explored how technology can leverage its ease into various aspects of daily lives.
Here we list a few innovative ideas using AI and ML that are shaping the way we look at the world.
In the Healthcare Sector
The Healthcare sector is one of the most advanced sectors that leverage the strength of technology to help us build a stronger and fitter world. When talking about AI startup ideas in healthcare, no one can deny the fact that it is enormous. From CT scan machines to ECG and ventilators and transplant surgeries everything that we can name here is technology. Other than this there are various software systems that add to the functioning of the healthcare sector. Some being Hospital Information Management System, Pharmacy Management Software System, Medical Delivery System, etc. can mark the significance of technology in the industry.
With machine learning apps ideas in the sector, there is a revolution that we have witnessed. AI and ML solutions can help medical practitioners to record and analyze data of various patients without much human intervention.
Redivus Health is a strong AI application that makes it quite easier for medical practitioners and health care organizations to take leverage of the intuitive technology that would make it easier for them to provide better services. The medical industry cannot choose to commit errors as they can prove to be fatal and machine learning startup ideas 2022 are giving it a scope to be flawless.
In the IT Sector
When talking about the IT sector it becomes quite difficult to think which area isn’t dependent on technology. There are various innovative ideas using artificial intelligence that make it easier for the IT sector to come up with better tools to manage our world. It is an infinite circle where technology helps the field and the field helps technology to grow.
As a common notion, a lot of people believe IT is limited to mobile app development. This is the farthest we can come from the truth. IT includes working on enhancements and bringing various technologically strong solutions to the table that would make things easier and better. Some of the machine learning android app ideas are so spectacular, although in their testing state that no one would have thought next is what.
Who hasn’t heard of AI2, an AI-based platform that can predict cyber-attacks with its proactive contextual modeling which is as simple as a continuous loop between an AI-based system and a human analyst? MIT has been dedicatedly working on various aspects of AI solutions to bring in the market nothing less than the best. Artificial intelligence app ideas are surely changing the way the world does business.
In Recruitment Sector
The cost of rehiring and recruitment would go up to $2.4 lakh due to the bad hiring.
Sometimes what we have seen in this hiring sector is the lack of skilled people and not genuine hiring. Recruitments are biased, they fluctuate as the recruiter has some connection or bond with the candidate.
After all, we all are human beings sometimes even the recruiter gets affected by the environment. In this mind-boggling circumstance, the AI tool could be very much enticing for taking the correct hire onboard.
AI helps the companies in taking the unbiased recruitments of the candidates. Deeply analyzing the behavior of the skills and the personal knowledge of the candidates, AI helps to find the right fit for the company. Readout only the right candidates while discarding the irrelevant applications.
TalentAdore is the virtual recruitment assistant tool that helps to match the right candidate to the positions with the AI within-firm time. 69% of the job seekers believe to get a satisfactory response in time. AI chatbots with the NLP technology help for giving personalized and unbiased feedback to the candidates.
In the Retail Sector
When it comes to the retail sector there are a lot of functions and operations that need to be processed. We as technology partners for your AI application ideas make sure that the solutions that are offered to you have a technical edge and none in the market can compete with it. With the interactive interface that AI and ML technology have to offer you can surely move ahead in the market with your chin up.
It is not just the small brands that are part of the real struggle here. One of the most popular AI business ideas in the field is predictive analysis, deep learning, and CSV.
With NLP technology in action, it becomes easier to search for things. Smart chatbots can help you manage the traffic on your digital store and use AI assistants in the brick-and-mortar store.
In the Journalism Sector
Journalism is one sector that runs on human power and it is very difficult to bring technology into the picture along with. With every sector being so dependent on technology for ease, coming up with machine learning app ideas for the sector becomes a necessity. There is so much groundwork that needs to be done. There are a lot of aspects that are to be explored where technology can automate the task and make things easier. There were days where everything was done manually. Cameras, records, edit everything. But these days half of the thing is automated thanks to technology. AI in journalism doesn’t mean replacing the human workforce, it simply means making things easier and better.
Considering the functioning of the sector, let’s check the points where machine learning application ideas can be implemented for better results.
AI for Customer Sentiment Analysis: This analysis helps for the accurate prediction of the sentiments of the customer and evaluates their interest. Based on that the data stored is processed and helps the media and printing sector to serve them their choice of news and details.
AI to Check Plagiarism: AI checks the articles, mines data, analyses things, and transcribes interviews in a few clicks. If you are in the journalism industry, we can help you build AI-based solutions that can check for the details and mark plagiarism.
AI for News Reporting: With trials and announcements of Xin Xiaomeng, after they tested for an AI-based male news anchor. It surely threatens the job of humans, but there is still almost half the decade to see this turn into an obvious reality.
Journalism is one of the top sectors that rely on artificial intelligence and machine learning solutions.
Related Blog: Evolving Mobile Experiences by using AR and AI
In eCommerce Sector
Natural language processing helps accomplish the intelligence in the system. Every time when customers buy something from the store or online, they wish they have a personal companion or guide that gives them the extra effort of suggestions to make better decisions. Personalized chatbots are the real savior for them. They have infused with NLP to predict accurate decisions for the users inside the app. It helps the customer in giving an in-detail review and the complete information of the product. Data from the feedback is utilized to make important decisions.
Amazon faced an uplift growth of 35% in their sales just because of the NLP using the AI techniques.
Likewise in the eye lens store like Lenskart, where a 3D scan of the whole face gets stored in the system. After training the data, most approximate eye frames get shown on the screen. Users can do virtual try wearing any of the frames and select the best one for them.
In the Content Marketing Sector
If you have been providing digital marketing solutions and want to understand how to make ai based apps then you surely are at the right stop. The digital marketing domain is one sector that runs over the internet. With content playing the most significant part in the story it becomes quite important for us to take care of what goes over the internet. Some of the common artificial intelligence android projects are making it easier for us to work on content marketing strategies.
Title Generators: With some tools that can help you generate better titles, it becomes quite easier for you to come up with better solutions.
Hubspot’s Content Strategy Tool helps the content managers to set up a strategy and prompts that can help them build a strong brand identity.
Predictive Content Analytics: Let the tools you integrate with your business, study your competition, analyze case studies and white papers and bring on the screen something that could be the catch.
Marketo by Adobe is another great tool that makes use of the user data and suggests content that works the best for your customers.
The latest buzz in the market is content automation. With the NLG (Natural Language Generation) AI-based tool to offer real-time content.
In the Storytelling Sector
One of the most searched for machine learning web app ideas is android app development that lets you create a story of your own. There are tools that let you generate a story and help you narrate it with the least human interventions. The interaction of media and technology has long waited over the years and now with that being a reality, advancements are coming forward. For your AI ideas, 2022 having a storytelling app would be great.
charisma.ai is the best example of what we can expect from an app that needs to be tailored around the theme. Build stories, see your characters come to life, and enjoy the details as you want. Set your plot, see what your readers like, modify for better results and enjoy the storytelling process like never before.
For Matchmaking of Real-Lives
AI changes the way people like their partners. How? Let’s understand.
At the time when the user opens the dating app, they just want to relax. While the app itself will manage the complete service seamlessly using intelligent algorithms behind it.
An AI dating app helps the user to find a more compatible partner.
Match.com or eHarmony gives very possible suggestions of single-looking people to the user, from the list of thousands of profiles stored in the database.
In advance to that Badoo and Dating.Ai reflects those personalities which resemble the celebrities. Some AI-based dating apps add more on this to match two people’s profiles with their similar DNAs via using the popular Myers Briggs type indicator.
Tinder harness amazon recognition gives the flexibility to their premium users to detect the personality markers.
In the Education Sector
This is one sector that we cannot think of leaving aside. The education sector has seen the most growth depending on the latest technology. If you have some artificial intelligence app ideas to enter the domain, then our experts can surely help. Education is a very basic sector and deals not only with the kids but professionals too. It is appreciable the way we have moved further. There are some channels that promote real-life experiences to students when they are learning.
If you want to interact with AI application ideas then you would surely need to work on innovation. Most possible things expected in the market are already in existence, we need to make sure that we bring on the table a few things that would reflect the innovation and out-of-the-box solution for your organization.
In Research-Aligned Domain
Research is the key ingredient for every sector of the business. The research itself has plenty of rigorous data that need to be split into meaningful data chunks to curate the best information. The in-depth research amused every leading organization to gauge the calculated risk and predictions if any.
Platforms like Researchgate, Statista, Taylor, and Francis online are the world’s leading publications for the latest surveys. These platforms help the organizations to discover the scientific strategic data, and to measure an impulsive growth to the businesses. It aids many researchers and data enthusiasts in making wise decisions.
In the Financial Sector
Artificial intelligence ideas for the field of the financial sector are overwhelming but quite complicated. With the rise of fintech, technology like AI, ML, VR, AR, IoT, etc. has seen great implementation in the field. Security and confidentiality become major in this field. When it comes to talking about the AI & ML ideas for the finance sector you need to be very specific. There are various opportunities that the field offers to investors in the field.
If you want to get along with the working of machine learning business ideas you can always reach out to us for better results.
Kiosk application is the best example of AI and ML in fintech. The way ATMs work without any manual assistance can surely be thanked for. You need not stand in queues in a bank to withdraw cash or get basic banking activities done.
In Monthly Planner Budgets: As ML platform gives the security biased apps to run on the platform. This can be a valuable source to the companies or the retailers or to the people to evaluate the more actual budget as per their buying or spending habits. Prepare the monthly budget to analyze the budget-related everything. And helps them to limit any unnecessary activities.
For Product Servicing Companies: ML solutions help the sales team to take intelligent cost estimation of the project costs through the analysis of the rates of the company’s previous projects.
In the Home Delivery Services
The world is rushing at a great pace and home delivery services are gaining popularity at a rapid speed. There were days when the delivery valet would wait for you to collect your orders, but now is the time when you can get your food delivered by drones and robots. For any AI startup ideas this could be a great gamble to invest in.
Soon you would find tiny robots wandering around and rushing towards you to get your orders delivered. A few organizations around the world have made it quite interesting for the delivery domain to avoid the traffic. The most common technologies used here are the Computer Vision system, GPS tracker, Automated Driving vehicles, etc. Artificial intelligence and machine learning have been changing the way things work and reach to us for machine learning apps ideas to turn to reality.
Starship Technologies along with food giant Doordash has experimented with robots delivering food to people in various cities. Although it is an experiment, for now, the idea would soon take a real-life picture.
Dominos has been working on delivering food via drones to avoid traffic and support no-contact delivery.
If you too are looking forward to exploiting the power of technology in these domains, our AI solution providers can help you turn your story into a success story and you can boast of your AI startup idea.
In the Travel Industry
When it comes to traveling there are a lot of things that need to be taken care of. Surely you tried managing everything well but it would not work for you. Sometimes you want to see the destination before you go to the place. With machine learning apps in action, you can surely see the places that you can visit once or twice. The 3D view can help you have a virtual tour of the place before even being there physically.
The travel industry can come up with AI business ideas that can enhance the travelers’ experience and help you build a strong customer base that stays engaged with your business.
In Virtual Event Platform
When it comes to event management, there were days it required a lot of preparation. Venue booking, taxi booking app development, audience count, seating arrangements, etc. Now the troubles have been limited to just sharing the link of the event. With AI-based tools to take care of your work, it is important that you can work on the virtual events and get your team together on the digital platform and conduct functions and events that become an important part of your office functioning. Virtual events have grown over time and ever since the outbreak of the pandemic we have gathered our game up for better results.
For your AI startup idea 2022, a virtual platform could be the catch point. Once you start working on the field you would explore there is a lot that the field has to offer. Zoom and Google are already nailing the meeting platform with their advanced features. But they do lack in offering some more features that would make these gatherings realistic and strong.
You can reach our virtual event planning Custom Software Development for an application that can help you stay connected with your employees and your clients.
Sounds like an Idea!
Uff! The technology does have a lot to offer.
Coming to next is some of the already influenced AI and ML startups in the industry. They are now transformed into successful ones, and may inspire any of you in the meantime.
So, let’s check them out.
Few of the Best AI & ML Startups
The company has found an estimation of $34.9M in 2019. It’s one of a kind of company used for IT operations, marketing solutions, fraud and security, and anomaly detection.
This enables real-time deep learning ML solutions for data wrangling, drift tracking, online predictions of the data. Meta-learning to adapt the human-enabled concept for quick decisions.
It is a kind of fraud detection company situated in New York, for supply chain optimization and gets an evaluation of $4.6B led by Tiger Global. AI helps with the efficiency and accuracy to perform the tasks and stress-free audits. This results in reducing the project cost without any security lack.
Improvising the health of the patient in this imperative age is the one thing everyone needs. But delivering personalized care is still obscure. This healthcare solution company is paired with Olive.ai to have more tech and commune solutions than ever.
Now, doctors can make decisions faster with AI solutions, communicate with the patients in real-time, health tracking, virtual visits, and many others under a single roof.
In 2021-22, there are many other startups in the row that uplift their potentials using AI and ML paired solutions.
Wrapping It Up!
Now that we have seen some magnificent and interesting solutions that AI and ML can offer us we have walked a long way. A decade back no one ever thought there would be a tool that would take care of your day-to-day tasks like switching on and off lights, driving vehicles, managing road traffic, etc. Over the years we have seen technology enter various parts of our lives and business areas and bring to us some great surprises.
2021-22 is the right time to enter the digital domain with something interesting and engaging that supports social distancing and the least physical interactions. With virtual meetings and gatherings over the zoom, food being delivered by AI-assistants, BPOs being handled by AI-assistants, and other things being taken care of, it becomes quite important for us to earn the best reputation.
If you want any of these ideas to be your next business idea, you can reach the experts associated with Octal IT solution and see how your business idea turns into a money-making startup. Let’s unite!