How AI Applications Enable Innovative User Experience In Mobile Apps?

AI isn't just for big companies such as Amazon, Microsoft, Netflix etc. Take, for instance, Siri which is an AI-powered digital assistant from Apple is among its most loved AI applications. Cortana also is a well-known virtual assistant developed by Microsoft. The apps are among the best AI apps, with millions of people using them worldwide. But, AI in business and mobile applications have much more functionality than just virtual assistants and chatbots.

Today, AI is embedded into the products and processes of many industries. Here, in this blog, let's look at the way AI applications provide an innovative mobile applications that provide a better user experience. And how mobile app development made possible by AI can help various industries.

What do you think AI revolutionized the mobile application business?

Artificial Intelligence or AI has been evolving and has gained momentum in the last few decades. In the 1950s experts performed scientific and academic research on AI. It was termed as 'thinking machines' by Alan Turing in his famous research paper.

But, there wasn't much progress in integrating Artificial Intelligence within mobile apps. Due to the lack of data to allow machines to understand the actual world. In addition, the absence of money and processing power led to the slow growth of AI technology.

Nowadays, Artificial Intelligence can yield tremendous business value. Incorporating it into your enterprise development. AI applications have revolutionized the user experience on mobile apps.

Based on Gartner Gartner, the business value of AI will reach over 3 billion dollars in the next two years. In the wake of the explosion of development, research, and investment, Artificial Intelligence has become an important tool for business that can disrupt industries. An essential tool in mobile app development , it can help empower companies.

If you're wondering:

• What is AI?

• What is the process of AI integrated into applications across different industries?

• How does AI provide outstanding and exciting user experiences for applications in diverse industries?

• How is AI applied to various mobile applications?

We've provided answers to all of these questions in this article.

What's AI and how does it work in mobile applications?

What exactly is AI?

Artificial Intelligence (AI) refers to the capability of computers or computer-controlled robot to show intelligence and stimulate human behaviour or thinking. In simple words AI is the capacity of a computer system or program to learn and think from experience.

John McCarthy defined Artificial Intelligence as "the science and engineering that creates smart machines." A AI integrated app is trained using volumes of data and designed to solve specific problems and complete complex tasks. It is, basically, an amalgamation with Deep Learning and Machine learning.

Therefore, AI models have the capability to make intelligent decisions.

The Science Daily journal defines Artificial Intelligence as "the study and creation of intelligent agents. an intelligent agent is a system that perceives its environment and takes actions which maximize its potential for success."

How does AI function in mobile apps?

Have you ever used the lighting switches that automatically switch on at work or in your home? Perhaps the smart TV that recognizes your voice and executes actions. Here are some everyday illustrations of AI.

Additionally, mobile apps that cater to different industries use AI for data visualization voice recognition, live-time analytics and many other features. Most enterprises today are using AI in some way or another. AI mobile apps are gaining ground in a variety of sectors.

An analysis suggests AI applications will generate 126 billion dollars by 2025. (AI) application's revenue will surpass around 126 billion dollars by 2025 globally. (Statista)

AI applications in all industries

The technology of predictive analysis and the intelligence of AI has been used in most industries. This is why the fascination with Artificial Intelligence has shifted to being more specific to industry. For example, "AI in Manufacturing" is the most searched-for topic on Google.

Implementing and growing AI for mobile application development is an effective practice for generating business value. What can you do to incorporate AI into your enterprise app development, UX design and user interface for your app? In essence, it is based on your industry-specific needs and emerging trends. Let's take a look at the ways AI applications are being utilized and the impact they have on different industries.

AI application in Healthcare

• AI in Healthcare is estimated to be at USD 95.65 in 2028, up from 6.60 billion by 2021 and 46 percent in CAGR(Compound Annual Growth Rate). (Source: GlobeNewswire)

• Integration of AI within the Healthcare industry has enabled a variety of Healthcare services. As with personalized healthcare, it allows for personal data analysis for more precise diagnosis, utilizing the patient's data as well as early and assisted diagnosis, and drug discovery.

• Investments in AI in Healthcare are estimated to grow at a 48% rate between 2017 and 2023 (Source: Business Insider Intelligence's Digital Health Ecosystem Report). This will lead to greater integration with AI in Healthcare applications in the coming years.

• Through the Internet of Medical Things (IoMT), AI connects endpoint devices and apps with Healthcare IT systems. It's enabled continuous monitoring in real-time, medication management better chronic care management and increased engagement with patients.

• The power of AI has been used to power surgical robots that reduce surgeons' movements during complex surgeries. The use of surgical robots can provide crucial insights into medical practices that are accurate with the help of millions of data.

• Senior care was difficult to manage due to the outbreak of the Covid-19 pandemic. AI is able provide solutions with health assistants. One example of this is Elliq,' a robot health assistant for those in need designed by Intuition Robotics. The need for routine care has been met with a number of such AI solutions.

AI-based applications in Finance

• The application of AI in banks is mainly to secure customer identities, mimicking live employees, as well as enhancing digital interactions. Banks that use AI are able to provide continuous customer interaction across channels. In addition, they can provide customized communication and solutions for individual customers.

• In accordance with Forbes 70% of financial firms are utilizing machine learning to spot fraud, predict cash flow events , and even adjust credit scores.

• From Robo-financial advisers who review the vast amounts of information in an extremely short time to fraud detection. AI is used in finance to greatly improve banking and financial services.

• Bank risk management tools use a wide range of data sets and provide accurate insights.

• Human agents have been replaced by smart Robo financial advisers. They also have AI-based chatbots that provide customer service as well as a better customer experience.

• In the process of identifying fraudulent financial transactions, AI has leveraged security within banking by using a variety of data points. Fraud detection and prevention use instances are common in the world of payments to improve your security on payment systems.

AI applications in ecommerce and Retail

• According to Mordor Intelligence, the global artificial intelligence in the retail market is expected to take the leap, with a CAGR of 35% during the period 2021 until 2026. AI in ecommerce and Retail has enhanced the overall functioning of the industry like customer experience, inventory management, forecasting and more.

• With the aid of deep and machine training, AI has been instrumental in providing real-time information from data. Do you know how the Amazon application suggests products to you? Amazon makes use of its AI algorithm to decide which products you're likely add to the cart.

• An advanced type of AI in Retail is "Computer vision," which brings near-real-time-intelligence to your brick-and-mortar stores. We can say that there are many opportunities for the retail industry in future for Retail AI application development .

AI application in Manufacturing

• The manufacturing industry is at the forefront of utilizing and making use of AI. According to a Mckinsey research report indicates that AI in Manufacturing can improve the accuracy of forecasts by 10-20% which implies an increase of 5% in the cost of inventory and an increase of 2-3% in revenues.

• AI has empowered a lot of processes when it comes to manufacturing. Industrial robots with AI make up a significant component to the production process. Programmable collaborative bots work with employees to perform repetitive tasks.

• Alongside advanced robotics, AI applications have enabled increased efficiency, improved product quality production design, and analytics.

• AI applications in Manufacturing provide automated inspection of quality, detection of defects, and predictive maintenance.

AI applications are used in Real-Estate

• The real estate sector is using AI to sell, buy and financing homes, home renovations and so on.

• AI-based real estate applications can learn from user behavior and deliver a superior and efficient user experience. From accurate assessment to market predictions, AI changed the way we buy, selling and home financing.

• AI algorithms are able to handle millions of real estate documents in seconds. With the help of the massive information available on property values or debt levels as well as personal information, custom solutions are developed for those in the real estate sector.

• The AI technology enables agents and brokers to forecast the value to be expected for the property within a particular market. AI is a tool that can be used in real estate apps in more innovative ways to cater to the evolving and varying needs of users/customers.

• Airbnb makes use of AI in its algorithms for pricing as well as AI-enabled background checks for guests. Learn more about the app development of Airbnb here..

Artificial Intelligence: Future of AI

The technological advancements in AI research and creative thinking to utilize AI in mobile apps will lead to successful apps across all industries. The majority of industries are tapping into the power of AI thanks to tech companies. Large tech companies such as Apple, Google and Amazon have been instrumental in the development of these technologies. AI in various fields has addressed issues such as data security, privacy, regulations and compliance.

While the benefits of AI are being used in the mobile application sector, there are some issues to be faced. For instance, the cost of the integration of AI into apps, the understanding of technology and finding skilled developers for the application deployment. However, the use of AI in mobile apps is definitely the future of many industries.

Find out details about recent mobile app trends here.

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