Significance of AI-Driven Mobile Apps Across Industries

In 1965, Moore’s Law predicted that computers would get smaller and more powerful every two years, and its living proof is the smartphone. Our devices are now decreasing in size and improving exponentially in terms of speed. A study conducted by Stanford University revealed that the computing power of Artificial Intelligence (AI) had been ahead of Moore’s Law for more than seven years! Being significantly ahead with the predictions, the computing power of AI has been doubling every 3.4 months.

 

Hence, mobile applications have impacted deep into people’s lives. We have been empowered with AI at our fingertips, and the versatile nature of AI has opened a new avenue of possibilities and innovation. We can see how AI helps build unique apps for different industries while establishing an exclusive and personalized user interaction with smart apps.

 

How is Mobile AI progressing?

 

Smartphones are great gadgets to contain the power of AI since they are the most accessible and most used devices across the world, with an estimation of 3 billion mobile devices in use worldwide which is estimated to grow several hundred million in the next few years. The United States, India, and China are the countries with the highest number of smartphone users, with each country easily crossing the 100 million user mark. With that, AI has a wide-ranging, multi-dimensional impact on the app industry, which encourages numerous industries to integrate AI in their mobile apps.

 

Despite the limited storage, memory, and power that mobile devices offer to AI applications, running Machine Learning models on our smartphones makes sense because there has been an exponential amount of progress in “keeping computation on edge”, that is, on the device. Nowadays, TPUs (Tensor Processing Units) along with Google’s Tensorflow lite platform helps you run AI applications on limited resources, like your smartphone. Now that is a step ahead.

 

How have various industries used AI notably?

 

Artificial Intelligence has the power to transform the way you do everyday things and live life. Many tech giants are successfully using the potential of AI in their apps and flourishing. Let's peek into some of the most incredible ways AI is being used across various industries.

 

Education: Boosting Literacy Rates Using NLP at Bolo

 

Google's Bolo App is transforming the education sector by boosting the literacy rate across the globe. Bolo uses Speech Recognition to provide education at all levels and splendid gamification, making learning a fun experience for the students by earning badges and staying engaged throughout the learning session.

 

Finance: Kasisto – Finance and Banking Assistant

 

Kasisto has introduced KAI, their intelligent banking and investment assistant powered by AI. 90% of the conversations led by KAI do not require any human intervention for advice and can resolve complex issues on their own. They have humanized the complete experience of chatbots in their unique way, which indeed is impressive.

 

Travel: In-App Message Intent at Airbnb

 

Airbnb understands how powerful AI can be in customer service and user experience. They trained a neural network to determine the intent of phrases within in-app messages to provide immediate support to their guests. This has taken the service industry to new levels of brilliance.

 

Accessibility: Using Object Detection AI at Google, Lookout

 

Google built an Object Detection general purpose app – Lookout, that helps the visually impaired to decipher their surroundings. Lookout uses your phone's camera and sensors, analyzes text and objects in the environment, and tells you what it sees.

 

How is AI driving mobile apps?

 

There is no doubt AI has an amazing capability to transform and revolutionize our lives. It comes with a myriad of benefits that can keep your user hooked to your app. Some of the benefits of AI-enabled apps are:

 

Personalization

 

In today's connected world, the user’s role has changed from a passive viewer to an active participant. 41% of U.S. consumers abandon a brand if they do not play with personalization. AI has changed the way consumers perceive a product and how businesses perceive the purchase journey of customers. AI-driven personalization can accurately determine and predict the consumer's next step.

 

Forecasting

 

Data is incredibly valuable and powerful, but its potential often goes untapped in business. This large volume of data can fuel your AI model for forecasting near-accurate results for your business. You can forecast your sales, revenue, and growth, all with the data that's being collected on your server getting stagnant.

 

Recommendations

 

With a plethora of online stores and services, recommendation engines are a boon to the e-commerce industry. Netflix's "Other Movies you might like..", "Customers also bought.." on Amazon, and "People you may know.." on Facebook have transformed the way we surf the web. Recommendation engines allow the users to spend more time on your app, engage more and keep using it.

 

Why should you choose TechAhead for your AI-powered App?

           

Even though AI has reaped its benefits, a study by Forbes revealed that only 23% of businesses had included AI in their products and services. Artificial Intelligence is an asset to the world and must be implemented as much as it can be. With TechAhead's highly skilled team of developers, designers and analysts, you can build your own AI-powered mobile app that impacts your customers and expands your business. Whether you are looking for ways to segment your users, optimize your messaging, or gain a deeper understanding of your analytics, TechAhead is the best fit for all your Artificial Intelligence app developmentLinks to an external site. company needs.

 

We live in a world with smart mankind and even smarter devices. Every day there is new growth and exponential development in making our gadgets smarter at our service. Some of the best B2B app development agencies in USALinks to an external site. are leveraging this cutting-edge technology to take their clients’ businesses to the next level. Businesses are gaining traction with AI, and it will only get better - closer to a very futuristic vision of our world in a few years.

Originally published at: https://achievereducation.instructure.com/eportfolios/2610/Home/Significance_of_AIDriven_Mobile_Apps_Across_Industries