From paper to digital platforms, only one word is being heard which is dominant and everyone is talking about it and that is AI. Artificial Intelligence. Now it is being speculated that after the implementation of AI, there will be an increase of 37% in business cost this year. there will be a decrease
Sectors like business, health care, transportation and entertainment have been completely transformed by AI.
Yes, according to Gardner, a company providing research and consulting services in the IT sector, by 2025 the business of AI will be worth 135 billion US dollars and this volume will be more than the overall software market. The acceptance of AI has increased so much that now for the world This is not a surprising factor as AI has completely changed sectors like business, health care, transportation and entertainment, so today we will discuss business ideas for 2024. Before that, if you want to know about AI or Artificial Intelligence in detail. want to explain
So do watch the AI based documentary Artificial Intelligence was Innovative on our second YouTube channel Infinity Sarita They were the way they think about technology If you are an investor and are interested in the latest technology then it would be wise to invest in A related business ideas Cyber Fraud from April 2021 till now We Indians have lost Rs 10,300 crore of hard-earned money in Sapna.
1930, which is the national cyber crime reporting portal, had 7 lakh complaints registered in April 2023 alone, that is, 23000 complaints every day and about 1000 complaints every hour. Between January 2020 and June 2023, 77%. 77% online financial frauds were registered. This survey was done by the Future Crime Research Foundation of IIT Kanpur and these can be stopped with AI powered tools and a system, hence a business idea emerges from here which is a driven fraud detection form, the work of a driven fraud detection company is done.
Be capable of stopping fraudulent activities by identifying fraud patterns. Banking, e-commerce and insurance companies are also taking advantage of such services.
Identifying and preventing fraudulent activities using Artificial Intelligence. This type of company earns money when it provides its services to Financial Institutions, Corporates, Banking Sector and Money Transfer and Payment Gateways. If you start this type of company, you will get AI algorithms and systems that will have to be developed which are capable of identifying fraud patterns and preventing fraudulent activities. Banking, e-commerce and insurance companies are also taking advantage of such services.
Like Mastercard has also achieved a 300% boost in fraud detection with the help of Generative Model. Mastercard is helping banks in catching suspicious transactions on its network and for this it is coming up with a new generative artificial intelligence model called Fraud Lens. Companies like IIM Company, Smart Credit.io and Sharp provide such fraud detection services. Bengaluru based Dose Technology is one such company. If you are interested in A, then you will also know about Def.
Actress Rashmi Ka Mandan and Kajal, Sachin Tendulkar, Virat Kohli and even Italy's Prime Minister Georgia Milne have become victims of deep fake videos, so there is an AI driven business idea hidden here which is to detect generated content like iron. This is how a system can detect content generated from others. I am preparing a resume and submitting it somewhere.
With this, teachers also get features like translation content generation, teaching assistant, course assessment at speed.
So that the concepts of children become clear, Educate.AI is one such AI-assistant lesson development tool which gives the option to create more than 100 types of instruction materials. With this, teachers also get features like translation, content generation, teaching assistant, course assessment speed. In business ideas, you will have to develop such platforms or solutions which will be AI powered and such tools provide customized teaching materials and method based solutions as per the need. These tools have so much capacity that they can track the progress of any student by identifying weak and strong areas. can
Apart from this, they also provide personalized exercise tests and learning resources. Chat Gupt is also a good example of AI-based personalized education. If you want to serve the health care or medical sector, then you can start a startup to develop AI-powered virtual health assistant applications and services. These types of assistants schedule appointments for patients, respond to health related inquiries and provide ongoing support to patients and also monitor medical conditions like Healthy is the world's first medically approved platform.
Which has been designed to promote self-care. Through this AI-based application, users enter information about their personal needs and the export doctor's team analyzes it and gives them suggestions related to medicines and health problems. An AI doctor is assigned to all the users. After is also a similar platform which is a fitness workout application and provides audio based workout programs and routing to its users. According to India ai.gov.in, AI business in the health care market is expected to be worth 102 billion US dollars by 2028.
You can also start the work of creating an AI based chat board.
According to the National Association of Software in Service Companies or NASSCOM, increasing the use of data and AI in the health care sector will increase India's GDP by 25 billion dollars by 2025. By the way, you must have heard the name of Amazon Alexa or maybe yes. If you have done this then Alexa is a chat board then you can also start the work of creating an AI based chat board.
A chat board responds according to the queries of its users. For customer service, streamlined communication and automatic interactions, such chat boxes use Natural Language Processing (LLP) and Machine Learning (ML) and with the help of algorithms, the chat board understands human language. Understand and have chat and audio conversations with humans If you want to know how natural language processing and machine learning work
AI is a powerful tool and it helps everyone to select the right candidate.
So you must watch the video of AIwork in real life. There is a similar app above which takes the help of Artificial Intelligence to manage depression. In this app, you talk through a chat board. The chat board tells you about your problems and symptoms. Inquires about your feelings and starts working to meet your emotional needs based on your conversation session
Whenever you have seen the post of any job opening on any job portal, you would have seen more than a hundred applicants on that post. This list is sometimes 500 plus and sometimes even more than that. For now, look at so many resumes. So if the task is impossible then this is where success factors come in handy like cloud based human resource platforms powered by Artificial Intelligence. Success Factors have been developed in such a way that it is a generative AI powered tool and it helps everyone in selecting the right candidate.
And this is a great business idea related to AI in 2024. With this idea, you will have to develop a sophisticated platform which will be boosted with an algorithm and it will make the hiring process easier for your clients. Such a system will help individual candidates based on their resume. You must have seen AI generated images of high definition and premium quality and now such AI generated HD videos have also started coming which look as if they have been shot from the room.
So if your startup builds AI video generator software, then it will prove to be a good business idea as of now. By providing engaging visual content with this innovative solution, you can cut across a lot of industries and individuals Video Editors YouTubers Social Media Influencer Media Company Film Industry Studio and wherever images and videos are needed
All of them can save their cost, time and resources by taking subscription based service. The global market size of video generator software and tools was about 472 million US dollars in 2022 and it is estimated that by 2030 it will grow by about 20%. Scindia will move forward with the rate AIStudio in Video Pitori and Human are five such AI video generator platforms, here you can also see the comparison between them. When you visit any e-commerce platform or retail website, you will get the information of your choice. Product recommendations come accordingly
As per your thinking keyboard, you start seeing customized products and brands on your screen, then all this happens with the help of AI. Such AI powers predictive analytics tools to help e-commerce platforms and retailers take data driven decisions like inventory management, pricing and Help in product recommendation, not only this, such tools provide
Better customer shopping experience helps in planning marketing activities, customer engagement increases, users get personalized customer service, business processes are optimized and human errors are also reduced. By providing such AI powered solutions, you can improve e-commerce and retail. You can earn profit from the industry, eBay is improving its shipping and delivery time, pricing, buyer seller trust, while Lily A is helping its online customers in increasing access to relevant products. However, if we leave out the big cities, then a few years ago When you used to order products online, it used to take 7 to 10 days for delivery, but now there is the facility of same day delivery and instant delivery.
If you build AI video generator software then as of now it will prove to be a business idea.
And all this is amazing. Here also the help of AI tools is taken in the route and delivery partner option so that there is lower fuel consumption with optimized route and timely delivery is possible. Like USBS, Kites, a logistics company, is using AI in its services to monitor the real life of its vehicles. Global Logistics, which does time tracking, is a transportation management company which provides quick-seeker and cost-effective service to its customers with the help of AI. In such a system, data of road map, traffic, route, anchor and shorter routes is kept which calculates and tells. Where is the traffic, which route to take can save your time and fuel too. Google Maps is a real life example of this.
If you can make such a software and tool, then it will prove to be a sustainable and profitable business idea in 2024 because the success of any company depends on its product quality and better services. After this, marketing plays a role because the market. There are many similar service providers present in India and they are competitors of each other, so in such a situation, creative marketing strategies are required to reach your target customers. All this is a data driven process where what kind of product is to be made. Next, what group to target, how to give offers, in which city the campaign should be done, the help of AI tools is taken for such marketing strategies.
For example, an airline company analyzes its data to see when its airlines are booked the most, which class of people have booked more tickets, what was the group in front of you, was there any festival or any other activity in the booking, was there time punctuality or No, after seeing all this, the company formulates its future strategy. Keyword Insights, Jasper, Grammarly, 7 Sense of Team Move are some such tools.
Among these, Optimum of Customer Behavior and Insights provides the facility of campaign performance and multi-channel tracking. Seventh Sense is an email marketing tool. It has a big and familiar name. When Mastercard Payment Gateway Services was getting competition, it used an AI power named Crane. By using tools, they managed their business by gaining potential market thread, competitive intelligence strategy and valuable market insights. Such tools are also used by airline companies.
Ultimately will prove to be ace of spades for any corporate business house and startup
So these were the 10 Futuristic Business Ideas of 2024. Apart from this, AI is also getting advanced as it is.
Its impact on global business will become even deeper which will ultimately prove to be the ace of spades for any corporate business house and startup. So what is your opinion about this and yes especially those who say a lot about AI, definitely listen to them but Whatever is the fact, which is logic, which is research, believe in it which gives you quick support. You must share your love and support in this big area. If you have already liked this video, then please share it with all your friends. Because he is very excited about A and is very positive that changes keep happening in life.
Now the question is, keep criticizing, move a little further, accept the truth and know about the opportunities, please share this video with them, we will meet soon, till then keep sharing your questions and topics with us. in the comment section
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