Artificial intelligence (AI) is transforming business in many ways, from task automation, and financial planning, to better customer service. We present a roundup of the best AI startup and technology business ideas for 2023. AI is a trend today and entrepreneurs can take advantage of this new technology to launch a tech startup.
A roundup of 32 tech business ideas to launch AI startups this year:
Launch of an AI-based IoT startup
Develop an IoT AI startup that uses smart sensors and cloud computing to provide solutions for various industries. For example, an IoT startup that offers predictive maintenance for industrial equipment, energy management of buildings, or environmental monitoring for agriculture.
To launch an AI-based IoT startup, you must identify the specific problem your target customers are facing, design and prototype your IoT device and software, test and validate your solution with real data, and pitch your product to potential investors and customers. .
AI service for automating online recruiting
Online recruiting automation uses artificial intelligence to automate the process of finding and hiring qualified candidates for various jobs. Online recruiting automation software can help recruiters save time, cut costs and improve the quality of the talent pool. It can also help eliminate bias and increase diversity in recruiting methods.
To start a recruitment automation business, you need to develop a software solution that can find, screen, attract, and track candidates across multiple platforms and channels. You also need to market your product to potential clients such as HR departments, hiring managers, and recruitment agencies. You must also provide customer support and updates for your software. Online recruiting automation is a growing and competitive market, so you will need to differentiate your product from others by offering unique features, benefits, and pricing.
AI-based copyright infringement detection tool
One of the most promising AI business ideas for 2023 is to create an AI-based copyright infringement detection tool. This tool will help creators and owners of original works protect their intellectual property rights online by automatically finding and removing unauthorized copies of their content across multiple platforms. Such a tool would use machine learning and natural language processing to analyze large amounts of data and identify patterns and similarities between different works. It will also create reports and dashboards to measure the impact and effectiveness of enforcement actions.
To set up this business, you need to have a strong background in AI development and legal expertise, as well as access to a large and diverse set of data about copyrighted works and potential infringing sources. You also need to establish partnerships with online platforms and content providers and comply with relevant laws and regulations in various jurisdictions. The main challenges are to ensure the accuracy, reliability and scalability of the tool.
AI-based advertising software
Build AI-powered advertising software to help brands optimize their marketing campaigns and visualize their data. Such software could use machine learning to analyze the performance of different ads and suggest the best ones to show. It can also create reports and dashboards that show the impact of ads on various metrics.
A possible way to implement this idea is to use Smartsheet, an AI and data-driven software that can manage ad campaigns and optimize marketing visualizations. Smartsheet provides a rich platform that can integrate with other tools and automate workflows. With Smartsheet as your foundation, you can customize and extend it with additional features and functionality to meet your specific advertising needs.
AI Logo Creation Service
One of the best AI business ideas is to create an AI-based logo service. This is an AI service that can create custom logos for any brand or business in minutes. You can use AI to analyze the industry, target audience, and customer preferences and design a logo that suits their needs.
To launch an AI logo service, you need to develop a user-friendly website or app that allows customers to enter their requirements and receive a logo instantly. You will also need to market your services to potential clients and showcase your portfolio of logos.
AI logistics and supply chain management
AI in logistics and supply chain management uses technology to optimize the flow of goods and services from production to consumption. AI can help reduce costs, increase efficiency, increase customer satisfaction, and improve profitability.
To implement this business idea, you will need to develop or integrate an artificial intelligence platform that can analyze data from various sources such as stocks, demand, transportation, weather, and market trends. You also need to establish partnerships with suppliers, distributors, retailers, and customers who can benefit from your AI solution.
AI voice and image recognition tool
Create a voice and image recognition tool that can help people with various tasks. For example, you can use it to transcribe audio files, identify objects in photos, or create video captions.
You can jump-start this idea by developing a prototype using existing APIs and frameworks such as Google Cloud Vision or Amazon Transcribe. You can then test your product with potential customers and get feedback on its features and usability. You can also promote your product through social media, blogs, or podcasts that target your niche audience.
Recruiting AI App
AI-powered recruiting apps are growing in popularity as they help employers find and hire the best talent faster and more efficiently. One example of such an application is Humanly, which uses natural language processing and machine learning to automate candidate selection, scheduling, and engagement.
AI app developers claim to reduce hiring time by 90% and improve candidate experience by 80%. To launch an AI-powered recruiting application, you need to have a clear value proposition, target market, scalable technology platform, and marketing strategy. You must also comply with applicable data privacy and anti-discrimination laws and regulations.
AI Collaboration Platform
AI-powered collaboration software is a great idea for businesses that want to improve communication, productivity, and efficiency among their employees. With the help of AI, you can automate tasks, generate ideas, and streamline workflows on a single, unified platform. Here are a few steps you can take to get your own AI-powered collaboration software up and running:
Define your target market and customer needs. What pain points and problems can your software solve?
- Study existing solutions and competitors in the market. What are their strengths and weaknesses? How can you tell your software apart from them?
- Develop a minimum viable product (MVP) that demonstrates your core features and value proposition. You can use existing tools like Taskade, Wrike, or Smartsheet for inspiration, or use their API to create add-ons based on them;
- Test your MVP with potential users and collect feedback. What do they like and dislike about your software? How can you improve it based on their suggestions?
- Iterate and improve your product until you achieve product-to-market fit. You can use metrics like user retention, engagement, and satisfaction to measure your progress;
- Launch your product to the general public and promote it through various channels. You can use social media, blogs, podcasts, webinars, or paid advertising to reach your target audience and generate leads.
Scale your business by adding additional features, integrations and partnerships. You can also explore new markets and segments that could benefit from your software.
AI Sentiment Analysis Tool
AI-based sentiment analysis can help you understand the emotions and opinions of your customers, users, or audiences. It can parse textual data from social media, surveys, surveys, or any other source and assign labels such as positive, negative, or neutral. You can use this tool to track your brand reputation, improve your products or services, and enhance your customer experience.
To implement this business idea, you need to have a clear understanding of your target market, value proposition, and revenue model. You also need to select an appropriate AI platform or service that can provide you with a sentiment analysis model and data processing capabilities. You can create your own model from scratch, or use a pre-made model from a vendor such as Microsoft, Brand24, or MonkeyLearn.
AI customer service
AI-based customer support uses artificial intelligence to provide fast and efficient customer service. A business may use chatbots, voice assistants, or other automated tools to answer common questions, resolve issues, or provide feedback.
An AI-powered customer support service can help companies cut costs, increase customer satisfaction, and increase customer retention. To launch it, you will need to define your target market, choose the right platform and technology, design and train your AI models, and sell your services to potential clients.
AI-powered predictive analytics tool
AI-powered predictive analytics tools are applications that use machine learning, statistics, and natural language to analyze data and provide information, predictions, and recommendations. These tools can help companies improve their decision-making, streamline processes, and improve efficiency.
One example of such a tool is Tableau AI, which integrates transparent AI into its platform and allows users to explore data visualization, scenario planning, and model building with clicks rather than code. If you want to launch your own AI-based predictive analytics tool, you need to identify a specific problem or use case that your tool can solve, collect and prepare the relevant data, choose an appropriate algorithm or framework, test and validate your model, and deploy it as a service, or product.
AI applications for e-learning
AI-based e-learning apps are a great way to create a personalized and engaging learning experience. You can use AI to analyze students’ needs, preferences, and progress, and provide them with customized content, feedback, and recommendations. You can also use AI to create interactive and immersive simulations, games and quizzes that make learning fun and effective.
To make an e-learning app business idea come to fruition, you need to define your target audience, choose a niche or topic, design a curriculum and user interface, develop an app using an AI platform or tool, test and refine the app. and sell it to potential clients.
AI subscription-based delivery app
Build a subscription-based delivery app that uses AI to optimize routes, schedules, and customer preferences. A subscription-based delivery application can offer customers the convenience, flexibility, and cost savings of delivering products or services on a regular basis. For example, a subscription-based delivery app can deliver groceries, food, pet products, beauty products, books, and more. To launch an AI-powered subscription delivery app business, you need to:
- Define your target market and niche;
- Choose the right business model and pricing strategy;
- Develop a user-friendly application with AI features such as personalization, recommendations, dynamic scheduling, etc.;
- Collaborate with reliable suppliers and delivery partners.
Promote your app and engage customers, track and improve app performance and customer satisfaction.
Marketplace based on AI
Another great AI business idea is to create an AI-powered trading platform that can customize the selection and purchase process. The AI platform can use natural language processing and computer vision to analyze a customer’s tastes, style, and budget and suggest products that match their needs. An AI marketplace can offer feedback, advice, and support through chatbots and virtual assistants.
To start a business idea, you need to create a powerful artificial intelligence system that can process large amounts of data and communicate with customers in a natural and fun way. You will also have to partner with various retailers and brands that may provide their products on your platform.
Natural Language Processor: Service Based (NLP)
Natural Language Processing (NLP) is a field of artificial intelligence that deals with the understanding and creation of natural language. NLP can be used for a variety of applications such as chatbots, sentiment analysis, text summarization, machine translation, and more.
If you want to launch an NLP-based business, you need to define a problem that can be solved using natural language, find the right data source and model, and develop a user-friendly interface. For example, you can create a service to help people write better emails, resumes, or essays using NLP techniques to analyze and improve their writing.
Video player with artificial intelligence
AI video player uses artificial intelligence to improve the quality of online video viewing. It can use AI to analyze video content, create captions and summaries, recommend related videos, and personalize playback settings.
To realize this idea, you will need to develop video player software that integrates with various video platforms and uses AI models to perform various tasks. You will need to distribute the AI video player and sell it to potential customers and partners who are looking for innovative ways to watch and share videos online.
Finance-Related Robotic Process Automation (RPA) Business
One possible business idea that combines AI and finance is using robotic process automation (RPA) to automate repetitive and rule-based tasks in finance and accounting. RPA can help reduce errors, save time and costs, and improve compliance and reporting.
To launch a startup, you need to identify processes that can be automated, such as invoice processing, reconciliation, or tax filing. You will then need to choose an RPA platform that suits your needs and budget, such as UiPath, Automation Anywhere, or Blue Prism. Finally, you will need to design, test, and deploy your RPA bots and track their performance and results.
Cloud-based AI application for employee attendance tracking
You can launch a cloud-based attendance tracking application that will allow employers to accurately and easily track employee time and attendance. The cloud-based attendance application can integrate with various payroll and scheduling software, use GPS and geofencing to check employee locations, and provide detailed reports and analytics on employee performance and costs.
To build a cloud-based attendance application, you need to develop a user-friendly interface, a secure and scalable cloud infrastructure, and a robust artificial intelligence algorithm that can process and analyze large amounts of data. You will also need to market your app to potential customers such as small businesses, retail stores, restaurants, and non-profit organizations and demonstrate how your app can help them save time and money while increasing employee engagement and productivity.
AI Marketing Strategy Tools
AI marketing strategy tools are software or platforms that use artificial intelligence to help marketers plan, execute and optimize their campaigns. They can analyze data, generate content, personalize messages, and predict results. One possible idea for an AI-based marketing strategy tool is to create a platform that can automatically generate and test different headlines, images, and copy for landing pages, ads, and emails.
This way, marketers can save time and money by finding the most effective combinations for their target audience. To jump-start this idea, you can start by researching market demand, identifying your ideal customer segment, and developing a minimum viable product (MVP) that demonstrates your core features. You can then test your MVP with beta users, collect feedback, and refine your product until you achieve product-to-market fit.
Intelligent Process Automation Software
Intelligent Process Automation (IPA) software combines artificial intelligence and RPA to automate repetitive and complex tasks. IPA software can help businesses improve efficiency, accuracy, and customer satisfaction by using AI to analyze data and make decisions, and RPA to take action based on those decisions.
One example of an IPA software idea is a solution that automates the invoice processing workflow, from scanning and extracting data to verifying and approving payments, updating records, and generating reports. To launch an IPA software idea, you must identify a problem that can be solved with automation, study the market and competition, design and develop software using AI and RPA tools, test and deploy software to customers, and provide support and maintenance services.
Service for creating media content based on AI
Creating a variety of content based on AI is one of the promising AI business ideas in 2023. The idea involves using natural language generation (NLG) to generate high-quality text and media content for a variety of purposes such as marketing, blogging, education, and entertainment.
You can launch an AI media content creation service by developing a platform that allows users to enter their keywords, tone, style, length, and format preferences, and then generate texts and media content that matches their specifications. You can also offer editing and optimization features to improve the quality and relevance of texts.
Chatbot service based on AI
Another AI business idea is to create an AI-based chatbot service that can provide personalized and engaging conversations for various fields and purposes. Chatbots can help businesses improve customer satisfaction, cut costs, and increase sales. To run an AI-based chatbot service, you need to have a clear understanding of your target market, your value proposition, and your competitive edge.
You also need to choose the right platform and environment for developing and deploying your chatbots, such as Microsoft Bot Framework, Google Dialogflow, or Amazon Lex. In addition, you need to design and test the conversational flow, personality, and functionality of your chatbot, and make sure it meets your users’ expectations and needs.
Vulnerability Prediction AI Application
Another popular AI business idea is to create a vulnerability prediction application that can help organizations identify and prioritize the most important security threats on their systems. The Vulnerability Prediction AI application will use machine learning algorithms to analyze historical data, threat information, asset information, and business context to provide actionable vulnerability management and remediation recommendations.
Such an application can use existing solutions such as Microsoft Defender Vulnerability Management, Secureworks Vulnerability Detection, or ServiceNow Vulnerability Response, or develop its own unique vulnerability prediction approach.
AI-powered medical equipment
Artificial intelligence-based medical equipment is a promising idea that can improve the quality and efficiency of healthcare. You can start your own AI medical device company by following these steps:
- Identify a specific problem or need in the field of medicine that can be solved or satisfied with the help of AI technology;
- Study existing solutions and competitors in the market and find your unique value proposition;
- Develop a prototype or minimum viable product (MVP) that demonstrates your AI solution and validates your assumptions;
- Test your product with potential customers and get feedback and data to improve it.
- Find the right business model and revenue stream for your product and secure funding if needed;
- Scale your production and marketing and expand your customer base.
AI skin analysis tool based on artificial intelligence
Build an AI-powered skin analysis tool that can detect various skin conditions and make personalized recommendations. This tool can use deep learning to analyze skin images and identify issues such as acne, wrinkles, sun damage, etc.
The tool can also suggest products or treatments that are appropriate for each user’s skin type and goals. To launch a startup, you will need to develop a user-friendly AI application or website that can capture and process skin images, as well as a database of skin conditions and solutions. You also need to partner with dermatologists, beauty brands, and online retailers to provide accurate and reliable advice and products.
AI Marketing Agency
AI marketing uses artificial intelligence to create and optimize marketing campaigns for various clients. An AI marketing agency can offer services such as content creation, audience analysis, personalization, lead generation, and conversion optimization. Starting an AI-powered marketing agency requires a team of experts in AI, marketing, and data science, as well as access to relevant tools and platforms. You also need to identify the niche market and the unique value proposition that sets them apart from other agencies.
Service of a personal shopping consultant with artificial intelligence
An AI-enabled personal shopper uses AI to help customers find and buy the best products for their needs and preferences. Customers can interact with a chatbot or AI app that asks them questions about their style, budget, occasion, and other factors and then recommends products from various online stores that match their criteria.
Customers can also leave inquiries with a personal shopper and request changes or alternatives. To launch this business idea, you will need to develop an artificial intelligence algorithm that can analyze customer data and product information and integrate it with various e-commerce platforms and payment methods.
AI-powered automatic data entry tool
Develop an automatic data entry tool that can extract information from various sources and enter it into a database or spreadsheet. This can save time and money for businesses that deal with large amounts of data, such as accounting, healthcare, or e-commerce.
To bring this idea to life, you will need to develop software that can recognize various types of data such as text, numbers, images, or audio, and use natural language processing and computer vision to extract the relevant information.
AI concierge service
AI concierge service is a business idea that uses artificial intelligence to provide personalized and convenient customer assistance. An AI concierge service can help customers with a variety of tasks, such as booking trips, ordering food, managing finances, scheduling appointments, and more. To launch an artificial intelligence concierge service, you need to:
- Choose the target market and niche problem that your service can solve;
- Develop your own AI model that can understand natural language and perform tasks using the AI Concierge Service or other platforms;
- Integrate your AI model with existing systems and processes using Power Apps and Power Automate or other tools;
- Test and train your AI model on real data and feedback from potential customers;
- Offer your AI concierge services to your target audience and demonstrate their benefits and capabilities.
Fraud Detection AI Startup
AI-assisted fraud detection can help companies prevent losses from fraudulent transactions and activities. Using machine learning algorithms and data analysis, the AI-based fraud detection tool can detect patterns and anomalies in customer behavior, payment methods, and network traffic.
This can help flag suspicious transactions and alert the appropriate authorities. To start an AI fraud detection firm, you will need a team of experts in AI, data science, and cybersecurity. You will also need access to large sets of transaction and behavior data from a variety of sources. You will then need to develop and test your fraud detection models and offer them as a service to your customers.
AI management consulting services
AI management consulting services is a type of business that helps other companies use artificial intelligence to improve their processes, products, and performance. AI consultants can provide strategy, implementation, and management services for various AI solutions such as conversational, generative AI, computer vision, and machine learning.
If you want to start an AI management consulting service, you need to have a strong background in AI, data science and business intelligence, as well as a network of potential clients and partners. You also need to have a clear value proposition that sets you apart from other AI consulting firms and demonstrates your experience and expertise in solving real-world AI problems.