By Ruthie DiTucci
Artificial intelligence (AI) is the ability of machines to perform tasks that normally require human intelligence, such as understanding language, recognizing images, making decisions and learning from data.
Humans however are quite basic in their thinking (males especially) and their minds will choose to follow a beautiful girl versus a chart. The opening image is only there for gratuitous viewing only.
AI is transforming various industries and creating new opportunities for businesses and individuals. In this essay, I will explore some of the best and profitable AI business ideas that a regular person can use to create a successful online venture.
One of the most popular AI business ideas is automated customer service. This involves using AI-powered systems, such as voice-controlled virtual assistants, facial recognition software and intelligent chatbots, to provide fast and personalized support to customers across different channels1.
Automated customer service can help reduce costs, increase customer satisfaction and loyalty, and generate more sales and referrals. A regular person can start an automated customer service business by creating a platform that connects AI solutions with various clients, such as e-commerce stores, restaurants, hotels, banks and more.
Alternatively, they can offer their services as a consultant or freelancer who helps clients implement and optimize AI solutions for their customer service needs.
Another AI business idea that has great potential is autonomous vehicles. These are vehicles that can drive themselves without human intervention, using sensors, cameras, maps and AI algorithms.
Autonomous vehicles can offer many benefits, such as improving safety, efficiency, convenience and mobility for passengers and drivers1. A regular person can start an autonomous vehicle business by developing software or hardware that enables or enhances self-driving capabilities for existing or new vehicles.
For example, they can create applications that provide navigation, entertainment or security features for autonomous vehicles. Or they can design sensors, cameras or other devices that improve the performance or safety of autonomous vehicles.
A third AI business idea that is worth considering is automated marketing campaigns. This involves using AI tools and techniques, such as natural language processing, computer vision and machine learning, to create and execute effective marketing strategies for various products or services1.
Automated marketing campaigns can help optimize the content, timing, channel and audience of marketing messages, as well as measure and improve their results.
A regular person can start an automated marketing campaign business by creating a platform that offers AI-powered marketing solutions for different clients, such as online retailers, bloggers, influencers and more. Alternatively, they can offer their services as a marketer or writer who uses AI tools to create and manage marketing campaigns for clients.
A fourth AI business idea that is promising is online fraud detection systems. These are systems that use AI methods, such as anomaly detection, pattern recognition and behavioral analysis, to identify and prevent fraudulent transactions or activities on the Internet1.
Online fraud detection systems can help protect businesses and consumers from losing money or data due to scams, phishing, identity theft and other cyberattacks.
A regular person can start an online fraud detection system business by creating a platform that provides AI-based fraud prevention solutions for different clients, such as banks, e-commerce platforms, social media networks and more. Alternatively, they can offer their services as a security expert or analyst who helps clients detect and prevent online fraud using AI tools.
A fifth AI business idea that is lucrative is healthcare management. This involves using AI applications and systems, such as diagnosis tools, treatment recommendations, drug discovery and patient monitoring2, to improve the quality and efficiency of healthcare services. Healthcare management can help reduce costs, errors and delays in healthcare delivery, as well as improve outcomes and satisfaction for patients and providers2.
A regular person can start a healthcare management business by creating a platform that offers AI-powered healthcare solutions for different clients, such as hospitals, clinics, pharmacies and more. Alternatively, they can offer their services as a healthcare professional or researcher who uses AI tools to provide or improve healthcare services for clients.
These are some of the best and profitable AI business ideas that a regular person can use to create a successful online venture. However, these are not the only ones. There are many other AI business ideas that can be explored, such as content creation, education, entertainment, gaming, social media and more.
The key is to find a niche that has a high demand and low competition, and to use AI tools and techniques to create value and solve problems for customers. By doing so, a regular person can use artificial intelligence to create a business on the Internet that will make enough money to pay all their bills with sufficient extra money to be able to build a savings plan.
10+ Best & Profitable Artificial Intelligence Business Ideas in 2023. (n.d.). Retrieved from https://www.newfoundr.com/business-ideas/artificial-intelligence
How Businesses Are Using Artificial Intelligence In 2023 – Forbes Advisor. (n.d.). Retrieved from https://www.forbes.com/advisor/business/software/ai-in-business/
AI 50 2021: America’s Most Promising Artificial Intelligence Companies – Forbes. (n.d.). Retrieved from https://www.forbes.com/sites/alanohnsman/2021/04/26/ai-50-americas-most-promising-artificial-intelligence-companies/
36 Artificial Intelligence Examples to Know for 2023 | Built In. (n.d.). Retrieved from https://builtin.com/artificial-intelligence/examples-ai-in-industry