Generative artificial intelligence (Gen AI) has its presence everywhere these days. It is the advancement of traditional AI machine learning technologies that can generate new content like text, images, video, and audio. This technology has touched many fields in modern times including AI consumer chatbots, ChatGPT, the medical field, the music industry, and many more. Gen AI not only analyzes useful data but also increases the worker’s productivity by automating repetitive tasks. According to a report released by McKinsey & Company in June 2023, AI technologies are estimated to add $17.1 to $25.6 trillion to in global economy out of which $6.1 to $7.9 trillion is estimated from Gen AI.
Talking about the Generative AI apps idea, you can experience the number of generative AI applications around you that are making life easier. There are billions of people who are using ChatGPT, Chatbots, and content generation tools. So, if you are also having a Gen AI app idea, you need never worry about the return on investment. The significant shift of industries toward artificial intelligence is contributing well to making Gen AI app ideas a profitable investment.
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What is Generative AI?
Generative AI is a part of Artificial intelligence in computer science, which creates new content based on patterns learned from existing data. This new era of AI is a form of machine learning based on neural networks and is trained on huge data sets to generate user-desired content in response to their natural language prompts. Traditional AI was used to make predictions or make decisions based on data analysis, whereas gen AI models hold the capability to produce fresh and original content. Advanced machine learning techniques have made this possible to clone the available various data types like text, images, videos, and audio.
The generative AI model used for text is a Generative Pre-trained Transformer (GPT) and for images- Generative Adversarial Networks (GAN). These Gen AI models have brought amazing results in creating the same as human-made content. Functions of these models include writing articles, designing images, composing music, and even generating codes. The implication of Gen AI for app development is extensive. Gen AI has automated the activities related to collaboration and decision-making for large and small businesses, which seemed impossible once. As per McKinsey’s prediction in tally with Gartner analysis, generative AI will be used to discover over 30% of new drugs and materials by 2025.
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Why Develop Gen AI Apps?
The most prominent reason for developing Gen AI Apps is building personalized user interfaces. An app having generative AI incorporated within it is called a Gen AI App. The apps with integrated generative AI can create relevant and original content, provide real-time assistance, and present previously unachievable solutions. Apparent from these, the following are the main reasons to develop Gen AI apps:
Innovation:
The inclusion of Gen AI in apps offers a shift into a new era of innovation, where the users can be kept engaged with new experiences evolving with time. Businesses use the gen AI to create chatbots that can offer personalized information to customers and provide 24/7 customer support. At the same time, Gen AI apps offer features like Visual Generation, Video and Animation Creation, Adaptive Learning, Music and Audio Synthesis, and Personalized Learning.
Personalization:
Gen AI apps can tailor the content offering according to the preferences and relevance of individual users and increase their engagement with the mobile app. For example, personalized marketing, custom learning paths, or unique user interfaces are some of the perks of developing Gen AI apps.
Efficiency:
Gen AI apps shrink the amount of time and resources required in the creative process of app development. Various basic tasks like content creation, proofreading, and design can be automated and the workforce can focus on high-level tasks. This speeds up the development cycle and increases the efficiency of the app.
Market Demand:
Consumers prefer the intelligent, personalized, and powerful app experience and thus AI operated app demand is rapidly increasing. Gen AI is fully capable of meeting this demand. Gen AI-driven apps help businesses enter new markets, counter the competition, and grow. It also enhances productivity and minimizes marketing time. Due to all these benefits of the Gen AI app, Businesses have shown high interest in investing in Gen AI for app development, marketing, and customer services. It has turned businesses to opt for such apps supported by Gen AI and has led the investment in Gen AI by approximately 45% of organizations.
Scalability:
Apps enabled with Gen AI can create content on a large scale without the involvement of extensive human efforts. It can produce personalized recommendations for a vast range of users as well as generate relevant content for each user. This technology allows users to get answers to their unique queries in a short time. Even the business users of the app can create customized solutions for their specific business needs. Gen AI apps can handle all these efficiently.
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Criteria for Choosing Gen AI App Ideas
There is no doubt in the truth that working on a generative AI app idea can bring you a big fortune in the least time. However, randomly choosing a generative AI project and developing an app might not be a good idea. So, you need to choose the gen AI mobile app that solves the existing problems and attracts the users for a longer time. Developing a useful generative AI mobile app can help you get a great return on investment while the opposite might waste your time and resources. Here are some of the tips and practices that will help you choose the right generative AI app ideas-
Market Research
The foremost method is to conduct market research and user expectations. In simpler words, you should evaluate the user needs, identify the technological gap in their working criteria, and focus on choosing a generative AI app idea that can fill this gap. Market research will also give you some application types that you can develop with the help of generative artificial intelligence.
Existing leaders
Looking up to existing market leaders of generative AI apps for inspiration and getting a clear image of your project is a great approach. You can dive into the working principles of many existing generative AI apps, try to find out the void, analyze the market response, and decide to build your own generative AI apps that eliminate all the drawbacks of the existing AI solutions.
Industry focused tools
When generative AI app ideas are too broad, it is a smarter decision to just stick to a particular industry or market that is most familiar to you. For example, if you are a stakeholder of the manufacturing industry, there might be a lot of challenges that you know but no solution to face those challenges. This way, you can work on a generative AI app idea that can substitute for the big challenges in some specific industry.
Innovation and Differentiation
There is no doubt that the market competition is touching the sky and it has become of utmost importance for everyone to provide something new and different to the target audience for a better response. So, when choosing a generative AI app idea, you must ensure that your idea carries some innovation with it. At the same time, creating a replica of some existing solution might not be a great idea. So, remember to add a differentiating factor to your generative AI app ideas.
Ethical considerations
One of the most important criteria for choosing the right generative AI app ideas is to ensure ethical considerations. You must ensure that the gen AI app idea you are planning to work on is not compromising data privacy, bias fairness, and transparency for the target audience. Any compromise in the defined factors might land your application on the blacklist of users.
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10 Best Gen AI App Ideas
No doubt developing generative AI apps can bring you a fortune, but it is important to work in areas that need your mobile app. Working on some of the best Gen AI app ideas can be a great decision. By putting in the right amount of effort, you can get a good return on investment. Here are 10 best generative AI app ideas that you can choose from-
1. AI Writing Apps
The name like ChatGPT and Bard are nothing less than the inspiration for people looking toward generative AI app development. Irrespective of the industry and size of the business, there is always a need for written content in the form of website content, blog posts, social media captions, service pages, and much more. So, developing an AI writing app that enables the end users to write in multiple tones according to the type of target audience.
2. Image Generation Apps
Depending on the designers for the image creation can slow down the process to a significant extent. At the same time, not everyone has good artistic and photo-making skills. So, image generation apps can be a great gen AI app idea that you can choose to work on. Whether it is crafting images for blogs or preparing some visuals for college projects, AI image-generation apps have huge use cases.
3. Photo Editing Tools
The rapid growth of social media platforms has increased the demand for photo editing. However, making the changes according to the requirement and choosing the right elements to enhance the photograph is not everyone’s cup of tea. So, developing a Generative AI photo editing tool can take your place by helping the users impart filters, change backgrounds, adjust contrast, and much more.
4. Logo Generation Tools
Whether it is an established enterprise or just a startup in the market, the logo is the identity of millions of businesses worldwide. However, logo artists are generally very expensive and take too much time to make a good logo. So, a logo generation tool can be a great idea where the users can set their preferences like size, shape, color, theme, slogan, and much more to make customized logos in a moments.
5. ChatBot
Open any website and you will find a chatbot that helps you ask queries before connecting on the call. However, when a customer support person is not available, these chat support features don’t appear to be that useful. So, you can develop a gen AI chatbot that analyzes the requirements of users and provides the relevant answers. It will help businesses to elevate the customer experience.
6. AI-Based Meal Planner App
Whether it is eating healthy meals for fitness or any other reason, there is always a challenge that people living out of their homes face. As long as someone is not capable of hiring a nutritionist, it is difficult to choose a healthy diet for the day. So, developing an AI meal planning app enables the user to set the preferences and get a diet plan for the month in just minutes.
7. Market Prediction app
Due to the fluctuating demands of the market, most of the manufacturers face the issues of out stocking or overstocking. The unavailability of tools that can predict the market demand and help make better decisions leads to a lot of loss to the manufacturers. So, developing a market prediction app can be a great idea that will help manufacturers in different industries to understand market demand and make decisions accordingly.
8. Interior designing apps
It is one of the best generative AI app ideas that you can choose to work on. Whenever it comes to constructing a new house or renovating a place, the first thing that comes to mind is interior design. But, what comes along is a hefty fee for the designer. So, you can develop an AI interior designing app, integrated with augmented reality to help people implement and experience different designs to choose the best one.
9. AI-Powered Astrologer App
People have had a strong belief in astrology for generations. The belief remained the same but the format has changed. It might be challenging for you to find a genuine astrologer who can assess the pattern of your life with some numbers to give the right prediction of the future. So, you can easily develop an astrology app that can assess life patterns, read star positions, and combine the information to generate accurate insights.
10. Finance Management App
This app idea can make its place in everyone’s smartphone who has some sort of income periodically. You can develop a generative AI finance management app that enables users to track income, savings, and expenses. Based on the financial habits of the user, it can provide further recommendations on better finance management, and investment options, and get a better return on the investment.
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How to Implement These Gen AI App Ideas
Once you have finalized the generative AI app idea, it is time to transform the vision into reality. For the same, you need to partner with an AI app development company like DB Technologies that can help you build the mobile app and reach the target audience. Here is the step-wise process of implementing the Gen AI app idea in real life-
Find the right development partner
The foremost step is to find the right app development partner among the plethora of app development companies. For the same, you can assess the experience, portfolio, location of development, client testimonials, project quotations, and much more. You must remember to choose a proficient AI app development company that can ensure the quality standard of the project.
Share your vision
After selecting the app development company for your generative AI app idea, you will need to share your visions and project requirements with them. Make sure that they get a good understanding of your requirements and the type of app that you want to develop. At the same time, you should also ask about the budget and timeline of the project.
Initiative development
Ask your development team to sign a Non-Disclosure Agreement to ensure that your gen AI app idea is confidential between both parties. Get the project to begin as soon as the necessary documentation and formalities have been completed.
Assess MVP
Get the MVP developed for your AI app and share it with the relevant stakeholders. You can assess the theme, design, navigation, features, and functions of your final project with the help of this MVP. Ask for the changes and share your feedback related to the app with your app development partner.
Launch the app
As soon as the project is ready after the implementation of your feedback and thorough testing process, launch the app on the respective app marketplace. It will make the Gen AI app available to your target audience.
Marketing
Never forget to market your product to inform your target audience about the existence of such an app. For the same, you can rely on digital marketing, SEO, and traditional marketing practices.
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Case Studies of Successful Gen AI Apps
When looking toward some of the most successful Generative AI apps, there can be a long list curated. The reason is that the AI industry is at a boom and the same has steered the growth of such applications. Here are the three case studies of some successful gen AI apps-
ChatGPT
The renowned generative AI tool is currently operating with its latest version GPT 4.0. The latest version of GPT can generate texts, tables, images, statistics, case studies, stories, and whatnot. The first version of this tool was released on 30 November 2022. In a short span of less than 2 years, the AI tools have managed to achieve more than 100 Million active weekly users.
Scribe
Scribe is another content creation generative AI tool that crafts articles, reports, and academic pieces with accuracy and efficiency. The tool is currently used by professionals, researchers, journalists, students, and many other groups for their content creation tool. The latest version of this tool has key features like AI writing assistance, diverse formats and styles, training and documentation assistance, and simplifying complex tasks.
GitHub Copilot
GitHub Copilot is nothing less than a revolution for coders and programmers as it provides collaborative features and integration options to. The tool offers code snippets, context-based guidance, and explanations, and elevates the overall developer’s productivity. The tool can support a range of programming languages according to the particular needs of the software development. GitHub Copilot was released in October 2021 and currently has over 1 Million paid subscribers.
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Future Trends in Generative AI
Generative AI has transformed significantly over time but the evolution is not taking any pause. There is a huge scope for improvement and future trends that can leave our jaws drop. Here are some of the future trends in Generative AI which are visible from the position we are standing at
- Generative AI applications are already providing content, image, video, audio, and coded content, still, it is more in the general form. So, it is expected that generative AI apps will keep proliferating to address the specific use cases of businesses and provide more industry-specific solutions to fill the void.
- It is expected to witness a big impact on the knowledge work due to generative AI apps as it might streamline activities which includes decision-making and collaboration. It includes playing a role in education, law, art, and technology itself.
- Some industries like banking and high-tech are expected to witness massive changes in the process as compared to the other industries due to the automation capabilities of gen AI apps.
- The jobs are more tended to be reshaped as the responsibilities of people might include the skillset to use different AI tools and get the work done in the least time but most efficient manner.
- Generative AI apps can take the customer and brand relationships to a significant extent where the customers will have the answer to queries even before connecting to any human in the company. It will increase the overall client satisfaction level.
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Conclusion
Choosing the generative AI app idea and deploying a tool can be a great step to attract users can earn great returns on investment. The number of users shifting to artificial intelligence is surprising and thus, it has never been a better time to step into this marketplace. However, it is important to choose a relevant and problem-solving AI app idea to ensure that you get the expected results. If you also have a Gen AI app idea, connect to DB Technologies and convert it into a real-time digital product.
