Artificial Intelligence is getting better with every sunrise. The things that were only possible to do with a human brain can now easily be performed with the help of artificial intelligence, even with better accuracy and speed. After applications like predictive analysis and performing repetitive tasks, apps like “Ask AI” are the next center of attraction. These are AI-supported platforms where you can ask any kind of question and get an instant answer in the words you like. However, the cost of developing an AI Chatbot like Ask AI is the main factor that haunts a person who wants to invest in this field.
Irrespective of your business niche, if you are reading this article, it means that you have experienced the burgeoning presence of AI chatbots in your surroundings. Whether it is a retail product business or an MNC providing different types of services, Apps like Ask AI have played a significant role in strengthening the bond between customers and businesses. However, if you are also concerned about Ask AI app development cost, this article is just for you. Here, we will talk all about the cost, associated factors, tips to reduce cost, and much more. But, first, you need to understand that the cost to develop an AI chatbot app like Ask AI is highly variable and dependent on several factors.
Here is a glance over the approximate cost of developing different types of AI Chatbots-
| Complexity Level | Estimated Cost |
|---|---|
| Basic Principle-Based Chatbot | $3000-$7000 |
| Intermediate Chatbot with ML/NLP Abilities | $5000-$10,000 |
| Complex Chatbots | $15,000+ |
As per the statistics, the global AI chatbot market size was valued at $6.4 billion in 2023 which is expected to show a CAGR of 26.4% between 2024 and 2033. The same market is expected to achieve a valuation of $66.6 billion by the end of 2033. So, it has never been a better time to invest in AI chatbot development to receive a significant return on investment.
👀 Also Read: How Much Does It Cost to Develop an Android App In 2024?
What is Ask AI?
Before we move forward, it is a better idea to gain an understanding of Ask AI, its working principles, and the problems it solves in the present time. Ask AI is a dialogue chatbot based on several industry 4.0 technologies like artificial intelligence, machine learning, and natural language processing. It is used for several purposes like providing customer support, chatting, creating, and writing papers, generating marketing copies, and much more.
At the same time, there are a range of other tasks which are performed seamlessly with the help of Ask AI. For example, you can ask any question from any field to get a short answer. You can ask this chatbot to write paragraphs for you, help with homework, translate the languages, paraphrase the content, generate marketing copies and whatnot.
So, Ask AI has a broad audience base that can leverage the services which makes it one of the most used and preferred chatbot applications.
👀 Also Read: How Much Does It Cost to Develop an iOS App In 2024?
The future of AI Chatbots like Ask AI
While the presence of AI chatbots like Ask AI seems bright enough to invest in, it is important to have a glance at the potential it carries for future scenarios. As we have already interpreted the AI chatbot market is all set to grow with a CAGR of around 25%, and there are high chances of official inclusion of these tools for the help of students in their education.
At the same time, the number of companies relying on AI chatbots and relevant tools for their customer communication is expected to grow tremendously. AI Chatbots like Ask AI are going to transform to understand the intent of questions and the tone of human language and provide more relevant answers.
The customer control panel can easily be handed over to artificial intelligence chatbots where the customers can easily get answers to queries like order tracking, shipment, damage, return, and much more.
The healthcare sector will highly benefit from the advancements of AI chatbots where the tools can be used to analyze the record of patients and give a summary to healthcare professionals within minutes. At the same time, the tool can even analyze the tone of the patient to assess the level of urgency it needs to provide optimal care.
👀 Also Read: How Much Does It Cost To Build a AI Chatbot in 2024?
Factors Affecting the Cost of Developing an AI Chatbot like Ask AI
The app development process comprises the contribution of different team members and profiles. So, there are a number of factors that can affect the cost of developing an AI chatbot like Ask AI. For example, you can get the AI chatbot developed like Ask AI for even $5,000 and the cost can even multiply itself 10 times if the requirements or certain factors of applications are changed. Let’s have a glance over some of the components that determine the exact AI chatbot development cost.
1. Complexity Model
The foremost factor that influences the cost of developing an AI chatbot like Ask AI is the complexity level. If you want to develop an AI chatbot or tool that can understand the different queries of the users, analyze a vast amount of data, and give an outcome with high accuracy, you will need to develop a complex AI model. It will increase the overall cost of development. Similarly, more advanced models require extensive training data and advanced natural language processing abilities which will further add to the overall cost.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Model | Simple rule-based models with limited functionalities. | $5,000 – $15,000 |
| Intermediate Model | Includes natural language processing (NLP) with basic AI. | $15,000 – $50,000 |
| Advanced Model | Uses deep learning, complex algorithms, and high customization. | $50,000 – $150,000 |
2. Number and Types of Features
The number and types of features that you want to see in your AI chatbot are also among the core factors that can add digits to your overall bill. For example, if you are looking to develop a chatbot with limited functionality and a chat interface, it will not cost you much. On the other hand, if you are looking for a multilingual chatbot with a broad dataset, range of input options, etc., it will automatically add numbers to your cost.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Features | Standard features like FAQs, and simple responses. | $10,000 – $20,000 |
| Moderate Features | Includes user authentication, and context management. | $20,000 – $50,000 |
| Advanced Features | Includes advanced analytics, multi-language support, etc. | $50,000 – $100,000 |
👀 Also Read: How Much Does it Cost to Hire AI Developers?
3. Integration
Standalone AI Chatbot like Ask AI is comparatively cheaper when taking the development point of view. On the other hand, if you are looking to integrate the AI chatbot with the existing system of the business like CRM software, eCommerce platform, or databases, it will increase the project complexity and thus the cost will automatically go higher.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Integration | Integration with basic platforms like chat interfaces. | $5,000 – $15,000 |
| Intermediate Integration | Integrates with CRM systems, and customer databases. | $15,000 – $30,000 |
| Advanced Integration | Integration with multiple third-party services and APIs. | $30,000 – $70,000 |
4. Data Gathering and Analysis
The quality, quantity, and type of data that you are using to train your AI model play a significant role in defining the app development cost. The complete process includes a range of tasks like sourcing the data sets, cleaning data for better accuracy, and purchasing the proprietary data for better knowledge. So, these are some of the necessary steps which require significant monetary investment.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Data Analysis | Collecting and analyzing limited data. | $5,000 – $15,000 |
| Intermediate Analysis | Includes more extensive data collection and processing. | $15,000 – $40,000 |
| Advanced Analysis | Advanced analytics, predictive modeling, and insights. | $40,000 – $100,000 |
5. AI Improvements
It is important to keep improving the AI software according to the changing needs of the businesses and evolving expectations of the target audience. However, the improvements in the software never come for free. Be it refining the AI algorithms, expanding the knowledge base of a chatbot, or integrating the new functionality, there is a cost associated with each one of them which ultimately adds up to the overall chatbot development cost.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Improvements | Routine updates and minor enhancements. | $5,000 – $15,000 |
| Regular Improvements | Periodic upgrades and feature additions. | $15,000 – $30,000 |
| Continuous Improvements | Ongoing, extensive updates and feature expansions. | $30,000 – $70,000 |
👀 Also Read: 10 Best Gen AI App Ideas
6. Location of Development Team
The location of the development team that you hire for your project is going to affect your Ask AI chatbot app development cost tremendously. For example, the per-hour cost of developers in the USA, UK, Europe, and Australia are more than twice as compared to per per-hour cost of developers in Asian countries like India. So, the location of your development team will have a big impact on the overall budget.
| Factor | Description | Average Cost |
|---|---|---|
| Local Development Team | Based in high-cost regions (e.g., the US, Western Europe). | $50,000 – $150,000 |
| Offshore Team | Based in lower-cost regions (e.g., Eastern Europe, Asia). | $20,000 – $60,000 |
| Hybrid Team | Combination of local and offshore resources. | $30,000 – $90,000 |
7. Development Team Size
Similar to that of team location, the size of the development team is also a core contributing factor in the Ask AI app development cost. The reason behind the particular statement is that team members of different profiles have their own hourly or dedicated costs. So, if there are too many members in your development team, the overall cost of the project will automatically go higher. However, it is not suggested to compromise with the team size for some dollars when working on a project.
| Factor | Description | Average Cost |
|---|---|---|
| Small Team | 2-5 members, typically fewer resources and slower delivery. | $20,000 – $50,000 |
| Medium Team | 6-10 members, balanced approach and resources. | $50,000 – $100,000 |
| Large Team | 11+ members, extensive resources, and faster delivery. | $100,000 – $250,000 |
👀 Also Read: How Much Does It Cost to Create an App in India?
8. UI/UX Design
There is no doubt that the first impression is the last. So, you need to be very clear about your user interface and it must be easy to understand and use for the users. However, you must remember that there is an associated cost with the intuitive and interactive user interface.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Design | Simple, functional design with minimal customization. | $5,000 – $15,000 |
| Intermediate Design | Enhanced design with custom features and better usability. | $15,000 – $30,000 |
| Advanced Design | High-end, highly interactive, and intuitive design. | $30,000 – $70,000 |
9. Maintenance and Updates
An AI chatbot needs ample maintenance and support for streamlined functioning. Be it bug removal, adding or eliminating features, changing the UI, or giving training with more datasets, you will need the support of an AI chatbot development team. So, the cost of maintenance and support is also added to the overall cost.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Maintenance | Regular checks and minor updates. | $5,000 – $10,000 |
| Intermediate Maintenance | Includes bug fixes, and performance improvements. | $10,000 – $25,000 |
| Comprehensive Maintenance | Extensive updates, performance optimization, and support. | $25,000 – $50,000 |
👀 Also Read: How Much Does It Cost to Maintain an App in India?
10. Data Security and Compliance
The AI chatbot that you are deploying on the target platform must comply with the respective data security and compliance. If your platform is not reliable enough, you might easily lose users who have concerns about their data security. Similarly, if your application is not in compliance with local legal considerations, you might have to face legal charges.
| Factor | Description | Average Cost |
|---|---|---|
| Basic Security | Standard security measures for data protection. | $5,000 – $15,000 |
| Intermediate Security | Includes compliance with industry standards and regulations. | $15,000 – $30,000 |
| Advanced Security | Advanced security protocols, regular audits, and compliance. | $30,000 – $70,000 |
Must-Have Features for an AI Chatbot like Ask AI
Features are the backbone of any software. Users have plenty of options in the AI chatbot scenario where it becomes difficult for you to attract users toward your solution. In such a landscape, features are the only differentiating factor that can bring users to your app without having to spend a fortune on marketing.
Not only the popularity but if you want to hold your established user base for a longer time period, it becomes important that your AI chatbot consists of the features expected by the mass audience. However, integrating the features into the application adds to the overall cost of AI chatbot development. So, we are hereby enlisting some of the core features that you must impart into your AI chatbot like Ask AI. It will help you achieve competitive advantages without spending unnecessarily on the less important features.
1. Image Based Search
All the premium versions of AI-based chatbots are equipped with image-based search features. It enables the users to use an image as the input to find similar items, search for something in the image, or define the picture in the text. There are several other outputs that a user can only leverage using the image-based search feature.
2. Natural Language Processing
Your AI chatbot must be capable of understanding and interpreting human texts so that it can provide the required outputs. The NLP feature is of significant help for humans who don’t have much knowledge of formal language or technology. NLP enables the chatbot to provide better and more relevant responses to the user query.
3. AI Optimization
The AI-based chatbot must be smart enough to learn from past user interactions, add knowledge to the database, and thus provide a better response to queries in the future. This feature helps to provide familiar and more personalized answers to the user when using the tool for a specific purpose.
👀 Also Read: How Much Does It Cost to Design an App?
4. Sentiment Analysis
This is a bespoke AI feature that you can find with only some of the top AI chatbots. With this capability, the chatbot can analyze the sentiments of the user input such as sadness, happiness, anger, confusion, sorrow, or anything else, and respond accordingly. So, the output with sentiment analysis is more appropriate according to the context.
5. Easy Integration Capabilities
You need to develop an AI chatbot like Ask AI that can be integrated into various existing systems like CRM, ERP, databases, platforms, and eCommerce systems. This feature increases the usability of this tool for the businesses which ultimately leads to better ROI for the application owner.
6. AI Writing Assistant
This is among the basic features that you have to ensure in your AI chatbot app development. AI writing assistants serve a range of purposes including, but not limited to, providing text outputs, answering queries, rewriting the content, word optimization, article writing, email writing, and much more. If your app is missing the AI writing assistant feature, there are high chance that you might lose your mass audience.
👀 Also Read: Which Country is the Best Option for Mobile App Development?
7. Multi-lingual Support
If you want to launch your app in different countries, it will be crucial for you to provide multi-lingual support to your AI chatbot. It will ensure support from a global audience where the users can generate the response in their preferred language.
8. History Tracking
Just like the internet browser, many AI chatbot tools offer a history-tracking feature. This functionality enables the users to access the answers or tasks they have performed on the Chatbot in previous days. So, the overall user experience is enhanced significantly.
9. Personalization
Providing a personalized user experience to your audience is one of the best decisions that you can make in the AI chatbot development process. For the same, you can impart the capabilities that help the chatbot to learn about the profession of the user and their purpose of using the tool to provide a more custom response.
10. Reporting and Analytics
Equipping the AI chatbot with the analytics capability will allow the users to input vast numerical data for a thorough analysis and prepare the reports within minutes, ensuring the utmost accuracy. It will add on the use case for your AI chatbot for the big firms that need to assess big data daily.
👀 Also Read: Top 11 Dating App Ideas That Will Boom in 2024
Standard Process of AI Chatbot App Development
Developing a mobile app with artificial intelligence capabilities is always a complex task. So, it becomes important to have a planned layout for carrying out such complex tasks in a managed way. There is a standard process that DB Technologies ensures to build the AI Chatbot like Ask AI. Here are the key phases of the process-
1. Ideation phase
As the name suggests, this is the foremost step of the AI chatbot app development process where you need to define the objectives and goals of the project. You must have a clear idea about the problems that you are trying to solve along with features that you want to see in the app.
2. Market Research
The next phase is conducting the market research where you will gather statistical data about the relevant tools, user audience, and the return on investment on such a project. At the same time, you will also get to know about the features that must be included in the software.
3. Hire AI Chatbot Development Team
Once you have a clear vision for the AI Chatbot application and moving forward with the technicalities, it is time to hire a development partner that can ease the several tasks. Along with the technological expertise, the development team will also help to control the cost of developing an AI chatbot like Ask AI.
4. Data Gathering
Now comes the data gathering where the relevant and high-quality data is gathered to serve as the training material. This information will enable the AI models to learn and provide the output when asked questions or perform a particular task. The gathered data must be clear and well-structured for effective training outcomes.
5. Develop and Train AI Models
The collected data is then used to train the AI model of Chatbot. This phase includes parameter tuning, interactive training, and model optimization for higher accuracy. This practice also helps the AI model to give better results according to real-world applications.
👀 Also Read: How Much Does It Cost to Create an App in Cairo, Egypt?
6. UI Integration
This is the step where a user-friendly interface is prepared to facilitate the seamless integration between artificial intelligence and users. A user-friendly interface is designed to make the features accessible and make the interaction natural.
7. Security Measures
It is important to foster high-security measures in the process so that all the trained data and user information are safe. The security measures make the software reliable for a broad audience. Moreover, it is ensured that the AI chatbot complies with the regulatory standards.
8. Quality Analysis
This step is dedicated to testing the application thoroughly and achieving the best version of the software. The main purpose of this step is to identify and resolve the issues associated with the application. It is made sure that the software is executing the expected functionalities.
9. Deployment
This is officially the final stage of the development process where the AI chatbot is deployed on the respective app platforms or the existing business system. In simpler words, the application is made available to the target audience in this step.
👀 Also Read: How Much Does It Cost to Create an App in Vietnam?
10. Maintenance and Support
This is the post-deployment task where the team of developers ensures that the software is efficiently functional after the deployment. The tasks at this phase include bug removal, feature add-ons, and providing periodic updates.
How Does AI Chatbots Like Ask AI Make Money?
Developing an AI Chatbot like Ask AI requires a significant investment. So, it is very common to think about the monetization strategies that can provide you with a return on your investment. There are several methods that you can use to earn money through your AI chatbot app. We have enlisted some of the best and most popular monetization strategies that you can use for your app-
1. Subscription Model
The foremost strategy is the subscription model where your users have to pay a periodic fee for using your chatbot app. The fee can be weekly, monthly, quarterly, or even annually. If you develop a chatbot that users need daily, this is the best monetization strategy.
2. Advertisement
This can prove to be a most excellent strategy that can help you recover the cost of AI chatbot development like Ask AI. However, to implement this model, you need to bring a good audience to your app. Once you meet this criterion, there will be brands approaching you to give fabulous deals for the advertisement space on your application.
3. Paid App
To get a good return on investment, you can choose to deploy your application in the category of paid apps. It requires the users to pay a one-time registration fee for using any feature of the app. If you are not planning to upgrade the application in the near future, this can be the right choice.
4. Freemium
This model is a mixture of free and paid versions where you provide the basic features of the application for free while advanced features have to be purchased. ChatGPT and many other AI Chatbots are already using this monetization strategy at present.
5. Transactional Model
As suggested by the term itself, the transactional model charges the users every time they use any services of the AI chatbot app. When you are sure about high-volume transactions coming from the users, you can implement this monetization model.
6. Data Monetization
This is one of the most popular monetization strategies at the current time. With this strategy, you don’t need to charge your users for the services. On the other hand, you can provide free chatbot services to the users and collect insightful data about them. Then, this data can easily be sold to third-party businesses for a hefty amount. This data is then used by those businesses for various constructive purposes like refining their marketing strategies, showcasing ads, and sending promotional emails.
👀 Also Read: How Much Does It Cost to Create an App in Australia?
Why Choose Developer Bazzar Technologies for Developing an AI Chatbot like Ask AI?
There are a plethora of software development companies that you can find in the market for your project. However, you must remember that the quality of the project depends highly on the app development team you are working with. Developer Bazzar Technologies fits best in the landscape where you can expect quality without having a significant impact on your budget. As we are based in India, you get the expert development team to work with, at a fraction of the cost as compared to what you will have to pay to a team in a European or Western country.
At the same time, we carry an experience of more than a decade of working in the software industry and helping businesses to automate their workflow and multiply their revenue. We have worked on several artificial intelligence projects where our solutions are enabling businesses around the world to cut down their operational cost while multiplying accuracy and speed.
Our years of experience in the field help us to cut down the cost of developing an AI Chatbot like Ask AI without compromising quality and efficiency. We provide ample maintenance and support after deployment which makes sure that the software is functioning seamlessly even after years of development.
Our business analyst team is available round the clock which makes our services compatible with the clients coming from different timezones. We have a robust collaboration and communication model that keeps all of our clients updated about the progress of their projects.
So, all of these core competencies of ours make us the best AI chatbot development company for your project.
👀 Also Read: How Much Does It Cost to Create an App in Ukraine?
Wrapping Up
Developing an AI chatbot like Ask AI can be a significant business idea at the moment due to the rapid shift of businesses around the world toward artificial intelligence. Firms are strengthening bonds with their customers, automating the workflow, and increasing the operational speed with this technology. However, the cost of AI chatbot development is something that concerns most of the business. So, we have provided a glance over the estimated cost of such projects along with all the factors that might influence the cost.
If you are also planning to develop an AI app, connect with our experts and have a free consultation session about your idea to transform it into a reality.
