Without a doubt, the future of AI is bright. Yes, the application of Artificial Intelligence in different industries is proving how capable this technology is as far as handling some crucial jobs is concerned. Be it manufacturing, transportation, healthcare, education, or customer service, AI is making a significant difference in all these fields. The concept of self-driving cars and virtual assistants is no longer imaginary.
You might be coming across some of the solid applications of AI currently and may see even more in the time to come. Now we want to know if you are also planning to make the most of AI to develop a distinct business of your choice. If so, you must have an AI app development company at your disposal as they will help you build an application that will carry out your desired job smoothly.
Not just that! If you are wondering why you should put your hard-earned money into Artificial Intelligence app development, we have something to share with you. Let’s take a glimpse of:
Key Artificial Intelligence Statistics
- The market size of AI has reached $196.63 billion in 2023.
- The market value of AI in the fashion industry is no less than $910 million in 2023.
- Tencent is the biggest owner of AI patents across the globe with 9,614 patents registered in their name.
- Bytedance is the most valued AI startup in the world so far.
- By 2027, the AI chips market is estimated to produce almost $84 billion in sales.
- Startups focused on AI technology have collected funding of around $20 billion as of 2022.
- AI is heavily used in the IT and Telecommunication sector for cybersecurity reasons.
- AI is massively used in the Health and Pharmacy field for quality control purposes.
- The global AI market is foreseen to approach $433.5 billion in 2026 and $829 billion in 2028.
Hence, if these numbers draw your attention towards the potential of Artificial Intelligence technology and you want to build a revenue-centric AI app for your business, have a word with the finest AI app development company now.
What Is the Future of Ai According to an Artificial Intelligence App Development Firm?
Well, there are a total of five things that you can expect to happen in the next few years:
- AI and ML will revolutionize scientific methods
Just to let you know, large-scale clinical trials and creating particle colliders is a pricey and time-consuming decisions. And what’s worse is that scientific progress has slowed down of late and scientists may not be able to experience the golden age of discovery anymore.
But do you know what the good news is? Well, with AI and ML, we can expect to see some enhancements in what can be achieved down the line. There are a few ideas that we can dive into computationally. There is a broader set of ideas than we can work on using computers. And there is a considerable set of notions that we can successfully deal with once we have Artificial Intelligence and computers in our hands.
Please remember, AI enables an unparalleled ability to analyze sizeable data sets and identify complicated relationships and patterns with the help of computers. AI is fully ready to change the current scientific research process, leading to the revival of a new golden age of scientific discovery. So, if you are planning to bring some significant changes in the scientific industry anytime soon, take professional help from a premier AI app development company.
- AI will contribute to the creation of next-gen customer experiences
Next-generation buyer experiences like cryptocurrencies and metaverse have been making waves for quite some time. And do you know what the most interesting news here is? Well, AI is something that will enable such experiences and many others like them in the incoming days. The metaverse is actually AI trouble as people don’t have a particular kind of perception that is required to impose digital items in a physical context. What else? A myriad of individuals also do not perceive the possibility of their actions and their effects in the metaverse world. They do not know that a large portion of our life occurs at the intersection of the world of bits and atoms.
Be mindful, AI algorithms are capable of learning much more quickly in a virtual world than the physical one. For example, virtual driving comes in handy to train autonomous cars. There are natural catalysts for Artificial Intelligence to connect the feedback loops between the virtual and physical worlds. A case in point here is that blockchain, cryptocurrency, and distributed banking are focused on incorporating smooth capitalism into the economy. But to turn that vision into reality, distributed software and smart contracts will need a complete understanding of how capital activities function in real life, which is an AI and ML issue. Now, if you are also trying to convert your vision into reality for a long time but haven’t succeeded in your intent, then shooting the breeze with an Artificial Intelligence app development agency will turn out to be useful for you.
- AI will become a solid pillar of foreign policy
Although you might not believe this, still, we must tell you that you may see huge government investment in Artificial Intelligence very soon. Yes, the U.S. Secretary of Defense has publicly supported the significance of collaborating with innovative AI technology entities to strengthen and maintain U.S. competitiveness worldwide. The National Security Commission on Artificial Intelligence has presented detailed suggestions, stating that the U.S. government should expedite AI innovation to a great extent. There is no denying the fact that Artificial Intelligence will be instrumental to the current economic resilience and geopolitical leadership of the US. Thus, if you are planning to make an AI-based solution to solve some of the major problems in society, do not hesitate to get in touch with an optimal AI app development company now.
- AI will enable personalized medication
Personalized medication is a dream project for many but something significant has still not been done. But now that dream is about to come true very soon. Do you know how? Well, AI is helping in synthesizing personalized therapies for patients. Furthermore, AI has the ability to synthesize and forecast personalized treatment modalities in real-time.
In short, AI is best suited to build and analyze “digital twin” rubrics of individual living beings. The human body is very surprising and it is shocking that we know only a negligible amount of things about the functioning of the drugs. What’s more? It is infeasible to make sense of the enormous datasets from an individual’s physiology without the help of Artificial Intelligence technology. Simply put, AI solutions have the ability not just to improve the healthcare industry, but also minimize persistent health irregularities. Hence, if you are considering starting a healthcare startup anytime soon, it is advisable to turn to the topmost Artificial Intelligence app development agency to get technical help.
- AI will fix the climate crisis issue
As a society, all of us are responsible to reduce major threats presented by climate change. Carbon pricing policies are still in their early stage due to which their effectiveness is doubtful. And many ideas that are highly likely to succeed in the future require AI. One fresh approach involves foretelling markets powered by Artificial Intelligence that can:
- Tie policy to impact
- Take a comprehensive view of environmental information
- Gather information about interdependence
This would probably be supported by virtual “Twin Earth” simulations that would need a large amount of real-time data. That’s not all! It would also require computation to identify specific trends that are impossible to perceive in humans. Apart from this, other new technologies, like carbon dioxide sequestration cannot succeed down the road without:
- AI-driven risk modeling
- Downstream effect estimation
- Ability to foresee unexpected consequences.
However, if you want to take advantage of Artificial Intelligence and Machine Learning to create something innovative that will benefit society, systems, or humans, get into conversation with an AI app development company now.
What Industries Will AI Transform as Per an Artificial Intelligence App Development Establishment?
- Transportation
Transportation is a particular industry that is fully ready to be changed by Artificial Intelligence in the time to come. Self-driving cars and AI travel planners are just two of the common examples that show how we will move from point A to point B in the future which will be heavily impacted by AI. And the best part? Even though autonomous vehicles have still not achieved perfection, they will carry us from one place to another someday. And if you are working on a similar project for which you need help for completion, it is a wise idea to reach out to a highly-praised AI app development company.
- Healthcare
Although you might not be aware of this, the truth is that AI healthcare is already altering the methods humans interact with medical service providers. Thanks to its unique capabilities of big data analysis, AI helps a lot in:
- Recognizing existing ailments more quickly and precisely
- Accelerating and streamlining drug discovery
- Checking on patients with the help of virtual nursing assistants
So, if you want to leverage these benefits of AI in healthcare to build a business around the pain points of patients, speak to the service representatives of an excellent Artificial Intelligence app development firm now.
- Manufacturing
Artificial Intelligence technology has been supporting the manufacturing industry for a long time. With AI-driven robotic arms and other similar bots, this industry has got a deep sense of how to utilize the real potential of AI. These industrial robots are so helpful that they work next to humans to carry out a fixed number of tasks, ranging from assembly to stacking. Besides that, the predictive analysis sensors play a key role in keeping all the machines running flawlessly. Thus, if you want to develop an application that can help in the upkeep of industrial equipment, have an audience with an AI app development company now.
- Education
When it comes to the Education sector, AI usage in this field will change how folks of all ages learn different things. For example, the use of various aspects of AI, like machine learning, facial recognition, and natural language processing aids a lot in:
- Digitizing textbooks
- Detecting plagiarism
- Judging students’ emotions to figure out who is getting bored or struggling
Hence, if you want to construct an app that can fulfill any of the objectives mentioned above, interact with an Artificial Intelligence app development firm now.
- Customer Service
There are a multitude of people out there who are scared of getting a robocall. But the good thing is that the adoption of AI in customer service can get the industry some data-powered tools that will offer some meaningful insights to both consumers and service providers. And most AI tools that get utilized in the customer service industry are mainly available in the form of:
- Chatbots
- Virtual assistants
And if you are interested in developing any of the virtual products that we discussed above, all you need to do is set up a formal meeting with the software experts of an exceptional AI app development company.
Over to you
Now that you found this content informative and useful, we would encourage you to converse with an AI app development company to construct an AI-powered application for your business.