What kind of AI business ideas are worth it? 🤖
Artificial intelligence has been taking the market over by storm, and we see how rapid its adoption is in practically every sphere. The technology is advancing by the month as people keep finding new ways to apply AI and use it to their benefit.
To be fair, AI has proven to be very helpful. It can simplify many routine tasks, help us omit repetitive manual work, and can certainly cut down the time we need for handling day-to-day processes and business operations likewise.
This explains why the demand for AI solutions is rising across various industries. Therefore, startups, in particular, should also consider building an AI product, as AI has been attracting significant investment and funding, too.
What kind of artificial intelligence startup ideas are worth a try? Here are several suggestions:
🔷 E-learning (e.g., AI tool for putting together quizzes)
🔷 Wellness (e.g., AI-powered nutrition planner)
🔷 Music and video (e.g., AI app for making music compositions or videos)
🔷 Design (e.g., for making house renovation plans)
🔷 Finance (e.g., AI for planning the family budget)
If you need more AI startup ideas, here’s a compilation with more than 9️⃣0️⃣ ⇢ https://www.upsilonit.com/blog/top-artificial-intelligence-startup-ideas
Problem first, not a techology.
It seems like we're constantly chasing trends—AI, DLT, Big Data. I firmly believe that our approach should be problem-centric: identifying a genuine pain point, engaging with potential users, and then employing technology to address it.
As someone with a technocratic mindset, my decisions often lean towards embracing technology. However, it's essential to recognize that the world operates differently. Whether it's AI or any other trendy technology, we must alter our perspective and consistently search for meaningful pain points.
Go talk to users for better success.
Agree but some of the problems are not seen yet by users and are hard to qunatify.
We are building contentable.ai to allow users to compare AI before they adopt AI in their business. This is a problem business will see in the future or so is our bet on this problem. This has been based on our experience with AWS , Azure & GCP. Lot of companies got stuck with AWS when there was a cheaper alternative.
We are seeing the same happening with AI and seeing lot of companies being formed on top of Open AI when there are others available and cheaper and faster.
Sometimes its hard to visualise the problem or to forecast the problem you are solving with your tool
I agree with this. I think a better framing of the question would be - what pressing problems can AI help solve?
I agree with this comment. It's crucial to prioritize and address real-world problems before incorporating any technologies or jumping on trendy bandwagons.
yes, completely agree @mavossh. Look for problems initially and speak to potential people / businesses and figure out, how big or painful the problem is, and if its actually worth solving. I think there is a huge opportunity, by introducing smb's to AI with an aim for areas of productivity increases albeit with easy execution.
My take on this: if it's not a compelling idea without "with AI" tacked onto the end, then it's not a compelling idea.
The people who are going to build a business on AI successfully are the people who have been struggling to solve a particular problem and now finally AI has reached a point where it can help solve that problem cheaper, faster or better.
As technical people we focus too much on technology ignoring things that are around technology.
Yes, AI in my opinion is a revolution similar to the invention of the steam engine, but you have to take into account that we are operating in a certain reality.
E.g. there may be legal changes that will restrict AI for normal people, model warfare will cause a shortage of resources for small companies, etc.
Therefore, one of the most important things to look at, what user problem the tool solves, AI in my opinion is only and until technology.
An extension to detect posts and comments written by AI?
IMHO, these are good validation questions to ask when building an AI startup:
Yes ... especially the part about the likelihood that the value offered is just something to ask an AI assistant to do in a year from now. It feels like entire categories of apps may become redundant, to be replaced by something else. Anything that's a glorified Rolodex which gives information to users so they can make decisions is suddenly looking suspect ... because now the "user" is some kind of autonomous AI agent which makes the decisions instead? Clouded the future is. Not necessarily bad (this is the most interesting thing that happened in the field in decades), but clouded. It'll be fascinating to see what happens next.
Agreed, however there's an argument to be made that if done right, even just a year's worth of successful business revenue could be worth the eventual redundancy. Recently read an interesting argument for launching new businesses constantly to extract as much value out of them as possible (while still solving real problems for customers) knowing that eventually the product will become redundant.
AI startup ideas, such as AI-powered e-learning tools, wellness planners, creative music and video apps, design aids, and financial planning assistants, hold great promise. These innovations have the potential to not only address current market needs but also pave the way for new possibilities, making them worth exploring for aspiring entrepreneurs in the AI space.
bad bot
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