Artificial Intelligence is an advanced technological field that is used to execute several jobs in the present day. There are different subparts of AI on which people expertise themselves like deep learning, machine learning, statistics, computer vision, etc. The tech-savvy youth mostly aspires for an AI-based job for a high salary.
If you have an aim to start an AI-based business, you can plan things accordingly. The Artificial intelligence apps can provide you with optimum support to enhance profit. All you need to do is choose the right business.
As per the data by Statista, AI-based companies in the US market invested a massive 26.58 billion dollars in 2019, rising from just 4.25 billion in 2014. Research shows that 65% of the AI-based business companies are based in the US.
Here, we present to you the leading AI-based startup options along with brief details. You can choose a preferable startup plan according to the business field.
1. Computer Vision
Computer Vision is one of the leading AI-based start-up plans that can help you earn a massive amount of profit as the top technology companies hire experts for different projects. Generally, AI-based computer vision projects are innovative that can allow you to apply unique ideas.
As a computer vision expert, you can work on face recognition and object detection projects. Moreover, you can work on emotion and gesture detection. These technologies are necessary to enhance the security of premises, expensive commodities, vaults, and several electronic devices.
Other projects that you can work on are image segmentation and OCR (Optical Character Recognition). In the future, computer vision can become immense support for the photography and film industry.
To enhance your reputation in the market, make sure to work on only a few types of projects. However, if you can develop an efficient employee base, your start-up can outstand in the market.
2. Language Processing
A startup on language processing can be the best plan for you as a language lover. If you are into text, editing, and language processing, there are different works you can do as a businessperson using Artificial Intelligence.
You can make chatbots for different websites and segregate useful data for your clients. When making a chatbot, you should be aware of the needs of your client and the target audience.
If you know a language which does not work on Google translator, you can work as a translator. Many companies can also approach you with projects where you can take the support of AI to change speeches to text and vice-versa.
As a start-up business person, you should maintain a prominent digital presence and approach the clients according to the projects that you can execute the best.
3. Startups on Machine Learning
Machine learning is one of the leading AI subfields, where experts can work on crucial projects to support modern businesses. Several works are dependent on AI machine learning, and you can work on it after opening a business.
You can get projects to make AI-based setups that work on specific algorithms. These setups are used for solving complex problems and fetch results faster. Moreover, organisations can hire you for designing AI-based business management setups that can earn you lump sum profits.
If you are into machine learning, try to cover the subfield of deep learning too. It will help you to deliver quality end-products to the customers and attract new clients with new projects.
Knowledge of deep learning helps you to make unique models of machine learning and earn decent amounts in a given period.
Any person having the idea about the science behind the new technologies can grip the aspects of machine learning. However, if you are a non-technical person, try to look for the courses that can help you to learn machine learning and deep learning quickly.
4. Making virtual assistant setups
If you are planning to open an AI-based business anytime soon, try to expertise in the process of making virtual assistant interfaces. Although it is a challenging task for experts, business organisations come up with several projects.
Generally, AI-based virtual assistant setups are available in the market, but they are quite expensive. Moreover, most of them are not designed to follow the unique commands of the users.
Clients can approach you with a plan to make a customised virtual assistant set up for them at cheaper costs. They pay you well, and you can enhance your experience while working with multiple giant companies.
Moreover, to demonstrate to the clients, you can make your own unique virtual assistant setup. As your experience increases, you can use the advanced algorithms to add more features to the virtual assistance setups.
5. IoT startups based on AI
IoT has become the trendiest thing in the digital world today, just like Artificial Intelligence. If you open a startup intending to work on IoT projects that are based on AI, you can get several projects that are unique and high-paying.
As a startup, you can work for a leading car manufacturer to make a self-driving interface based on AI. Moreover, you can also get projects based predominantly on robotics. If you have a business mindset and knowledge about IoT and AI, there is a prominent chance for you to become a successful businessperson.
6. AI Startups to deal with medical issues
AI has lately become prominent support for the global healthcare sector. If you know how different departments of healthcare works, you can make multiple AI-based systems that can ease complex processes.
Clients can approach you with projects where you have to make smart x-ray scanning setups or retina sinners. You can also get projects to create robots that can conduct challenging operations on patients.
At present, AI is not restricted only to be the support system to make artificial-intelligence-apps, but it can be used to do diverse projects. If you know how to work in the AI environment, it is high time to plan for a startup. Always remember that excellence and dedication to working with AI projects can lead you to be a successful businessperson.