List of Profitable AI Business Ideas for Entrepreneurs in 2024 — DS
Ever since AI came into existence, a wave of its implementation has hit various industries. From education to finance, AI has been used to make industries work more efficiently and effectively. Since it’s a specific specialization today, you can get many business ideas. Yes, it’s absolutely possible to create a business out of AI and earn real money by targeting people or businesses as your customers.
Ultimately, you’ll be in the SaaS space, which is already expected to grow around $135 billion by 2025. Moreover, people and businesses have already started accepting AI and AI-based solutions, so you can use your creativity with AI to become the Pioneer of AI solutions. That’s why we have brought you some AI ideas for businesses ranging from B2B to D2C.
1) AI-based Resume Checker And Recruitment App
Let’s start with a software idea that almost any company wants. An AI-based resume checker and recruitment app helps companies streamline their recruitment process with AI. These types of software are called resume parsers, which intake the resumes of candidates and parse them based on different technologies, one of which is AI parsing. These resume parsers are embedded into the ATS or applicant tracking system. It is basically software or a tool that tracks applicants from start to finish. The global market for such ATS is really huge, so even when there are many players already in the market, you can still develop an ATS and give it to companies on a subscription basis. You can grab this opportunity by being unique and offering something unique that no other companies are offering.
2) AI-based Healthcare Apps
One of the best AI ideas for business can also be found in the Healthcare industry. Over the past few years, technology has modernized the healthcare industry. That’s why many things have changed or evolved a lot, like ordering medicine from home, getting your diagnosis done at home, etc. With these many technological advancements, the healthcare industry is one of the industries ready to adapt to AI tech, too.
One of the opportunities to use AI in Healthcare is to build an app that lets your users connect with doctors on a call or video call. With AI, you can make it a very convenient way to get your checkup done for non-severe diseases and problems. Moreover, you can also create a medicine delivery app with an AI-powered prescription reader.
It will help you eliminate the reliance on third-party doctors to read the prescriptions manually and check if the cart has the correct Medicines. However, it will not allow you to eliminate all the human workforce or doctors as AI is still prone to errors, but if you want to start a business with less capital, then it’s a great idea for business.
Moreover, you can also create health or calorie-tracking apps with the power of AI image recognition technology. Such apps help recognize what the user is eating and the calorie count. You can also add the ability to create diet charts for users as a free service and diet charts by a nutritionist as a paid one. This freemium-to-premium model will help you attract more prospects to your app.
3) AI Tools for Content Creation
From the very beginning of this AI wave, content creation has been the primary target. Tools like chatGPT and others are continuously making content creation faster and more efficient with the help of AI. And you should know there’s a lot of space to start a business. So what can you do?
See, the current LLMs like ChatGPT and others are some of the most advanced AI tech available in the market. Their owner companies have spent a lot of time and money to make such models. But with minimal effort, you can create your own GPT, which specializes in a particular task, like writing blogs, captions, or various forms of content.
What makes this idea different is being specific to do a task. While ChatGPT can work as a content writer, a travel guide, a gym trainer, etc., it requires accurate prompts to provide you with the result that you really want. But with knowledge about prompting and editing the GPT to do a specific task, you can make a content writer GPT.
It will run based on the GPT, but prompting will be easier due to a more extensive menu. For instance, you can add a layer of menu where the user can choose what type of content he or she wants to generate by simply choosing options from the menu.
Some writing assistants, like Writesonic, are available on the internet. They allow the writer to give a well-detailed prompt by simply choosing what he/she wants.
Good to Read:- New Fintech Business Ideas in 2024
4) AI-Powered Expense Tracker App
Now, let’s explore finance, specifically personal finance. While there are many software and apps available for companies to handle their finances, the personal finance management space still has a lot of room. Some applications help track and manage expenses, but they are mostly manual, which for GenZ is not a great idea.
So, you can create an app for individuals that can help them track their money and expenses automatically. But how will you do that? You can use AI to read the messages that the individual receives from the bank. This will let the app track the credited and debited amounts daily. Moreover, it will also allow the app to track the current balance. This way, you can help people see all their expenses in one place.
But even when it is one of the best AI ideas for business, there are some concerns. Since you will be highly likely to target the young GenZs, you will have to keep the price lower. Try to provide them with the most value at the lowest price with a subscription model.
Also, if you can afford it, you can also feature other services in your app, such as bill payments, ticketing, etc. Another major concern here is the individual’s access to SMS. You must ensure your users rest assured of any unwanted access to their other SMSs from behind, like those containing OTPs.
5) AI-Powered e-Learning Platform
As you know, the world went through a pandemic, which widely normalized online education. Before the pandemic, online education wasn’t that prominent, but today, even bachelor’s and master’s degrees are being done online.
It created a great opportunity for you to develop a business by acting as an aggregator site or app. You can use AI to make your platform where students can come and explore courses based on their preferences and needs. With this personalized touch that the AI will give, you’ll be able to sell courses without making the users feel bad about their purchases. This is because purchasing a wrong or incompatible product is very common. So, with this solution, you’ll be able to solve it.
To Sum Up
These are only some of the AI ideas for business. There can be unimaginably many uses of AI in business, so you can undoubtedly enter this space with your unique solution for businesses or individuals. However, what’s important is that you provide your customers or users with a great user experience. To ensure this, you must create apps or websites that run flawlessly without any glitches or unwanted lags. Hence, the development of software or websites and AI development services also plays an important role in the success of AI-based businesses.
Originally published at https://www.devstringx.com on May 27, 2024
