AI App Development: Opportunities, Challenges, Use Cases, Features & App Development Costs

Artificial intelligence is a hot topic to discuss. We use voice assistants and chatbots to drive, work out,  study, and even relax using it. AI-powered apps have changed our lifestyles and significantly impacted the business world over the past few years. Artificial Intelligence apps open up many opportunities for business owners, from helping them streamline their workflow to fully automating daily routine tasks. Let's take a closer look at all the benefits of such applications.

Read also: 7 Causes of Poor Mobile App Performance and the Best Ways to Fix It

What is Artificial Intelligence?

Artificial Intelligence (AI)  is a branch of computer science that aims to create intelligent machines that can perform tasks that typically require human involvement. The primary mission of AI is to analyze data, recognize context, look for patterns, and provide relevant results for user requests. AI is capable of self-learning based on the algorithms embedded in it. In simple words, AI seeks to create systems that can learn and adapt as humans do.

Benefits of AI Apps for Business

Modern technologies are a great way to make your business more profitable and competitive. Various AI applications help both small start-ups and huge companies. The key benefits of using AI Apps are:

• Automation of daily routine work
• Deep and fast data analysis that helps improve decision-making
• A better understanding of your target audience, analysis of customer behavior, and predict the results of marketing campaigns
• Providing customer service with 24/7 support
• Overall cost savings and revenue increase

How Is AI Used in Mobile Apps?

The use of AI in mobile apps has increased rapidly in recent years. You can also integrate AI into your existing application to improve performance and implement new features. Common examples of using AI in mobile applications are:

1. Personalized user experience. AI in apps can analyze a user's behavior, habits, and preferences and deliver relevant search results or personalized offers.

2. Chatbots with natural language. Many customer support chatbots already use so-called natural language recognition technology. It provides more human-like communication between the user and the bot.

3. Image and Voice Recognition. The simplest examples of such Artificial Intelligence in mobile applications are voice assistants and apps that can scan pictures and suggest similar products.

Industries Where Artificial Intelligence Brings Value

Artificial Intelligence in mobile apps provides automation, speeds up data processing, helps improve customer service, and reduces the impact of human factors. Based on these facts, the possibilities for using AI across industries are endless. However, now AI is most actively used in:

• Retail & E-Commerce.
• Logistics & Tracking.
• Education.
• Healthcare.
• Real Estate.

Best Mobile Apps That Use AI

The Artificial Intelligence app market is growing incredibly fast. We use such apps every day and may not even suspect that they are based on AI technology. Here are some examples of the best Artificial Intelligence app for Android and iOS:

• Siri, Cortana, Alexa, and other virtual assistants
• Socratic — AI educational app
• Fyle — Real-time expense management on credit cards
• Youper — AI app for Android and iOS that helps solve the mental health crisis
• Netflix, Spotify, and other streaming resources that use AI for personal recommendations

5-Step Guide on AI Application Development

Based on our experience developing AI applications, here is a short guide to help you create such an application.

1. Decide on your AI app ideas and the goals you want to achieve with them. The best ways to use AI in business are automating daily routine tasks, data analysis, and visualization.

2. Design a budget. Developing your own AI application can be expensive, so it is worthwhile to determine the amount that you are willing to invest in creating an application.

3. Hire a team to create an AI app. Building an in-house development department is time-consuming, so finding a third-party Artificial Intelligence app development company is best.

4. Develop a Minimal Viable Product. The MVP helps to test the performance of your application before its launch. 

5. Deploy and maintain the app.

Tech-Stack to Build an AI Application

To build your own AI application, you need a considerable tech stack that includes programming languages, cloud services, tools for machine learning, data visualization, and others. According to our experience in developing such apps, here is a typical example of the basic tech stack you need:

• Python, Java, and C++ as the main programming languages
• MongoDB, Cassandra, MySQL databases
• Natural Language Toolkit (NLTK)
• Tableau or another data visualization tool
• Cloud services such as Amazon Web Services, Google Cloud Platform, and Microsoft Azure

How Much Does it Cost to Make an AI App?

The total cost of AI app development varies depending on the project's complexity and the application's scale. The platform you choose also matters. Developing artificial intelligence apps for Android or iOS separately can be cheaper than the cross-platform solution. The cost can also vary depending on the development team you hire. For example, the hourly rate of developers from the USA will be much higher than European specialists. In any case, creating an AI app is a costly process and requires writing particular and sophisticated algorithms. The overall cost starts at $45,000 and can go up to $500,000 or more, depending on your preferences.

TopDevs' Experience in AI App Development

At TopDevs, we know precisely how to build an AI application. We have been helping companies from the USA, Australia, Canada, and Europe to develop custom solutions for their business for many years. Our portfolio contains examples of apps and software built for various industries, ranging from entertainment to logistics. We build Android and iOS AI apps, develop web apps from scratch, take responsibility for adhering to non-disclosure agreements, develop MVPs, and provide full support after the application launch.

Read also: How to Build a Mobile App Development Team: Structure, Roles, and Hiring Tips

AI App Development: Final Thoughts

The potential uses of Artificial Intelligence in the business industry are endless. It is a powerful tool that helps automate daily processes and improve decision-making. AI applications take care of all the routine tasks that only take time from your managers. You can use AI applications to collect and analyze data, track clients' habits, provide 24/7 customer support, etc. Hiring a team of experienced developers to create a custom AI solution is the best decision you can make for your business right now.