• 9 min
20+ Best Ideas and Examples of Artificial Intelligence Products to Develop in 2024
20 profitable ideas of AI-based products to build in 2024.
We offer AI application development for solving all kinds of business problems, including cybersecurity, customer experience improvement, and much more.
ML is an important part of the AI ecosystem that makes it possible to teach computers to analyze various customer data. It can learn patterns and make decisions, enhancing applications across various industries with predictive insights and automated decision-making.
NLP allows developers to handle voice or text language data, understand and interpret it, and then provide detailed analysis for companies. This enables seamless human-computer interactions based on structured data in modern applications like translation, sentiment analysis, and chatbots.
We implement recommendation and diagnosis tools and other types of expert systems, enhancing decision-making across different industries. By integrating rules-based reasoning and knowledge databases, expert systems provide precise solutions to complex problems, offering advice, diagnostics, or recommendations based on logical processes.
Inspired by the human brain's architecture, neural networks are computational AI models designed to recognize patterns in your data, make decisions, and improve your business efficiency. They are irreplaceable in all modern applications from voice recognition tools to financial forecasting systems.
Computer vision, by processing various videos and images, enables machines to interpret and understand visual information from the world and transform it into actionable data. It's used in various applications, from facial recognition and autonomous vehicles to medical imaging and environmental monitoring.
We use Predictive Modeling technology to analyze statistical data and forecast future events or outcomes for businesses in various industries. It's widely applied in fields such as finance for risk assessment, marketing for customer behavior prediction, and healthcare for disease prognosis.
We are a development company that uses Deep Learning algorithms to process multiple data layers to interpret complex patterns and structures. It excels in tasks like image and speech recognition, natural language processing, and autonomous driving, pushing the boundaries of AI capabilities.
Our company employs officially certified Artificial Intelligence and Machine Learning engineers. Let’s schedule a call to discuss your project with real experts!
Businesses from different industries and countries choose us when looking for a software development company, because we are a trustworthy and experienced technology partner.
5+ Years
in software development
We know how to utilize technology for business process improvement and existing system optimization.
100+
experienced engineers
We are proficient in Machine Learning, Computer Vision, Deep Learning, and other AI-related technologies.
~85%
are senior specialists
Artificial Intelligence development is sophisticated and requires the expertise of the best data scientists.
50+
successful projects
We successfully complete AI app development projects thanks to experienced developers and project managers.
Our experience in providing AI development services allowed us to establish a smooth and effective multi-step approach that brings excellent results for a client.
01
Collect and label data set
We gather relevant data and categorize it accurately to serve as the foundation for training the ML model.
02
Choose an ML algorithm
Our team selects the most suitable machine learning algorithm based on the project requirements and the nature of the data.
03
Tweak parameters
We adjust the defined parameters of the chosen algorithm to optimize the model's performance and accuracy.
04
Test the accuracy of the results and validate them
Our engineers test the model and evaluate its predictions to ensure they meet the expected accuracy and perform validation checks for reliability.
05
Deploy the created ML model
We integrate the finalized machine learning model into the existing infrastructure for real-world application and usage.
The cornerstone of successful MVP development is knowledge of a particular industry. Our engineers provide a top-level MVP development service for companies from all popular industries.
AI tools are revolutionizing the EdTech industry by providing personalized learning experiences and adaptive learning systems for students. The use of AI tech helps to analyze learning patterns to recommend resources that best fit individual learning styles and progress.
Artificial intelligence helps automate claims processing, assess risks more accurately, and detect fraud. It enables insurers with more competitive pricing strategies and improves customer experience by predicting future trends and customer needs.
AI is transforming HealthTech by enhancing diagnostic accuracy, predicting patient outcomes, and personalizing treatment plans. By analyzing vast datasets, these technologies can identify patterns and anomalies that assist healthcare professionals in making more informed decisions.
In the FinTech sector, AI can greatly automate trading, manage risk, and detect fraudulent transactions. It also enhances customer experiences through personalized financial advice and optimized investment strategies based on predictive analytics.
AI strengthens Cyber Security by continuously learning from new threats and adapting defenses accordingly. It also automates the detection of anomalies and potential threats in real time, enabling quicker and more effective response strategies.
AI is the key to optimizing the eCommerce experience through personalized product recommendations and improved customer service via chatbots. It analyzes customer behavior to forecast trends, manage inventory efficiently, and enhance the overall shopping experience.
Artificial Intelligence development is a beneficial area of app development, bringing companies new opportunities for data analysis, real-time monitoring, business process automation, and more.
Fively is a custom software development company, that has been gaining recognition throughout its existence.
Let's have a call and discuss your custom solution.
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These areas are the most important in the current Artificial Intelligence development:
There are various challenges associated with custom software development, especially when building AI and ML solutions.
AI and ML services include a variety of ways to use Predictive Modeling, neural networks, Machine Learning, and other advanced ways to automate repetitive tasks, solve various business problems, analyze huge datasets in real time, predict possible outcomes, support process automation, and generally make everything faster and more effective.
The cost may be greatly influenced by these 3 factors:
The size and composition of AI app development man vary, depending on your project requirements, complexity, deadlines, etc. Basically, the number of required specialists is the same as it would be with making any other custom software, like SaaS development services or workflow automation services. The shortest list of team members will include 1-2 data scientists, a QA engineer, and a project manager. In case there are complex user flows and interfaces involved, you will also need a UX/UI designer. When you partner with an AI software company, they normally study all specific things of your project and define which specialists should be in a team to complete the project on schedule and reach all the goals.
Enjoy the recent articles, whitepapers, and technical guides on AI development written by our specialists.
• 9 min
20+ Best Ideas and Examples of Artificial Intelligence Products to Develop in 2024
20 profitable ideas of AI-based products to build in 2024.
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