How artificial intelligence is providing promising business opportunities to startups in healthcare, education, agriculture, and other fields.

Artificial Intelligence Statistics

According to Statista, 84% of businesses worldwide think that AI can give them a competitive benefit
As per a report by IHS Markit, approximately 4 billion devices are already using AI-enabled voice assistants.
According to the Aiiot report, approximately 73% of the retailers want to integrate AI to optimize their pricing. The same report shows that 75% of the companies use artificial intelligence to prevent fraud.
A report by McKinsey & Company unveils that AI will be approximately $4 trillion in worth by 2025.
These enticing facts and the benefits AI provides to various business verticals are the two main reasons why businesses are eager to opt for this technology. Before digging deeper, let’s throw light on what artificial intelligence is.

Artificial intelligence is the technology that trains machines to act, behave, and think like human beings. By making the machines smarter, it helps in boosting business productivity and increasing sales. Besides this, there are a plethora of benefits that businesses are reaping from this technology.

Let’s learn how AI is providing promising business opportunities to startups:

AI-based eLearning or digital education startups
With the arrival of artificial intelligence in the field of education, eLearning has become a new way of getting and imparting education. Using this technology that can process big data and bring useful outcomes from it, schools and colleges have made learning much easier. AI-powered eLearning software also promotes self-learning as they are pre-recorded with the information that can be fetched as and when required.

Most of the custom mobile app development companies are experiencing a high demand for AI-powered eLearning software and apps. Such software can help to deliver personalized learning based on every student’s capability and learning ability.

AI in healthcare
Artificial intelligence is playing a pivotal role in the healthcare sector as well. The technology can help in diagnosing various diseases and creating a cure for the same by analyzing different patients’ data with great precision. AI, when embedded in wearables, can also help to monitor the health and fitness of a person.

AI in fintech
Finance plus technology or Fintech is an emerging sector these days. Artificial intelligence can be used to bring accurate outcomes in many financial activities. Moreover, the technology can also make predictions that can help finance professionals to make better investments to get more profit in the future.

Similarly, those providing consulting or fraud prevention and detection servicescan also use AI-based models to offer better advice or to prevent any fraud. AI opens many ways to prosper and grow in the field of finance.

AI in IT services and cybersecurity
Artificial intelligence-based chatbots can be an excellent conversational interface for IT as well as various other industries. These chatbots can communicate with the clients or the customers to answer their queries, which will ultimately provide better customer experience.

Besides this, you can also prepare specific AI algorithms to keep security breaches and cyberattacks at bay. The technology can predict vulnerabilities with high accuracy, which can save an organization from losing confidential and important data.

AI in marketing
Creating the right marketing strategy can bring desired outcomes and profit for a business. That’s what AI can do for you. The technology can predict customer behavior to bring out information like the product/service they want the most, the price they are willing to pay, platforms they choose for the purchase, and more.

Apart from the aforementioned ones, AI can help businesses in making better decisions, offering secure payment services, improving customer relationship management, predicting user behavior, creating content, recruiting the right candidates, and other areas. The technology paves the right path for the startups so that they can move in a direction to get a desirable profit.

Artificial intelligence, with its subsets like machine learning, deep learning, natural language processing, computer vision, and more, has the potential to revolutionize almost all business verticals. To integrate this technology into your existing business software or create new AI-powered app software for your startup, reach out to an AI app development company today.

Read More: How Startups are Creating Disruptions Using Artificial Intelligence?How Startups are Creating Disruptions Using Artificial Intelligence?

Final Words
Be it healthcare, education, finance, agriculture, information technology, or any other vertical, artificial intelligence is bringing disruption in every field by providing immense business opportunities to startups. Here, in this article, we have provided how technology is revolutionizing these industries.

Besides this, we have also listed exciting facts about AI in business that will make you adopt the technology to your business processes and operations. And when you decide to do so, reach out to a reliable and experienced AI development company with your specific AI app development requirements.

News From
Quy Technology