Jul 26, 2024 Artificial Intelligence
How To Create An AI System for Your Business?
Jul 26, 2024 Artificial Intelligence
Table of Contents
Jul 26, 2024 Artificial Intelligence
Eager to create an AI system for your business? Artificial Intelligence no longer remains just a sci-fi stuff. The way it is transforming the businesses and its operations, quickly Artificial Intelligence has become an integral tool deployed across the industries.
Did you know that by 2030, it is estimated that AI will contribute over $15.7 trillion to the global economy?
Artificial intelligence is not just about talking to robots that are quickly taking over the world it is more about creating intelligent systems that can automate repetitive tasks, and simple operations, making future-ready predictions, and can help businesses 200X their business sales.
And the good news is, businesses can now create an AI system of their own and transform their sci-fi dreams into a new reality!
So far, if it comes to validating its scope in various industry domains, then from education to entertainment, retail to agriculture. Almost every sector is already leveraging the benefits of AI systems to revolutionize their business process.
In this blog, we will discuss the process of creating an AI system by talking you through each step- making you understand from core AI concepts to integrating an AI system into your business…
Want to create an AI system but not sure where to get started? Xicom’s mobile app development services enable you to customize AI solutions based on your use cases. Let’s book a free 15-minute consultation.
AI has created a buzzword, and every business of small or big size is using it in different ways. From optimizing supply chains to providing personalized recommendations, companies are using AI to remain ahead of the competition.
Source: explodingtopics
As per reports, 42% of companies are exploring AI uses within their company, and another 40% are exploring the use of AI technologies in their business. So overall 82% of businesses are either using or exploring the uses of AI.
Moreover, in 2023 there was a 300% increase witnessed in startups and bootstrappers interested in using AI products.
Larger companies are 2x more likely to use AI in their business process.
With these stats, it is fair enough to say that AI is roaring and will remain in the trend from now onwards. But the question is why companies and businesses are going crazy to hire AI mobile app development company to create an AI system.
Here are the top reasons why developing an AI system is still a wise investment…
As per reports of McKinsey, AI-driven productivity improvement can increase global GDP to $13 trillion by 2030. Wondering how?
AI systems are designed in a way to streamline processes, automate rule-based tasks, and optimize resource utilization.
For example, automating data entry and processing can save businesses up to 40% in labor costs, allowing them to reallocate resources to strategic activities and innovation.
Integrating AI technologies into your business model can provide a significant competitive edge to your venture and most businesses have already recognized it!
By leveraging AI capabilities to develop innovative products, optimized processes and gain deeper customer insights, businesses can easily outpace their competitors.
This is because AI works with a unique algorithm that helps you extract business analytics that enables you to get an edge.
No matter whether you are a startup or a leading enterprise, you always look for solutions that help you save on cost. AI offers a significant code-reduction opportunity!
The reports from Deloitte revealed that 83% of AI-adopting businesses reported 40% cost savings on their regular operations. By automating labor-intensive tasks and optimizing resource allocations, organizations can easily streamline their operations and save on costs.
For example, AI-driven predictive maintenance can lower maintenance costs by up to 20% and minimize downtime by 50% which ultimately results in financial benefits.
So if you are all set to look forward to creating an AI system for your business, then consider the next guide section!
Now that you already know how AI is transforming the world and what best possible it can do for your business. To get started with the AI system, it is helpful to understand the steps involved in building your AI model following the below steps…
Before you dive deep into coding the AI system, it is worth taking a moment and understanding what problems you are trying to fix with this AI system.
For example, the most popular generative AI tool “ChatGPT” helps people craft human-like content, whereas Dall-E helps in creating unique images.
So what are all the tasks you are trying to do with AI?
It is important to get a clear answer to this question as AIs are specially trained to solve particular problems.
Now once you are sorted with the business objectives, you need to collect high-quality training data to make your AI system respond to queries.
Now let’s check how to collect and clean the data…
To make your AI system run smoothly, you must choose the right technologies and tools. Make sure you choose programming languages that align with your project’s scope, scalability, and goals.
Frameworks like TensorFlow, PyTorch, and Keras are the best choice as they have pre-built modules that facilitate rapid development. Apart, they also support distributed training across clusters and hardware accelerators like GPUs, ensuring efficient resource utilization.
But still, to make the right choice of framework, you need to consider these points in mind:
To make your AI system work on cloud platforms, you need to look for reliable cloud platforms like AWS, Azure, and GCP that provide on-demand access to GPU clusters, storage, and other essential resources.
This is now the most tedious task that even top mobile app development companies have as the algorithm framework is the actual blueprint of your AI system that guides it to solve the problem. So here you need to be careful enough and select the suitable machine learning algorithm based on the problem’s nature to identify patterns and learn from data.
Now you have trained your model, but how far is it accurate?
Read More: 115+ Top Mobile App Ideas in 2025 For Startups, Entrepreneurs etc.
Instead of rushing to launch your AI system, conduct thorough testing to ensure that the AI model performs reliably when deployed. Set aside a subset of unused data to evaluate model performance rather than training data. And this would require you to hire a mobile app developer that can handle the project’s complexity.
Here’s how you can test and validate the model…
Use cross-validation to assess model accuracy across different partitions of the help-out data. This will provide a rigorous analysis and highlight deficiencies before launch.
Creating an AI system is not yet enough. To make it run smoothly, it is important that after validating the AI model, consider integrating it into the real-world application.
Here’s how to deploy it rightly:
In a nutshell, here we have shared the quickest way to create an AI system but practically it involves multiple stages and each stage has its challenges. This is where you need to look for the right Partner…
With this guide, you must have a fair idea that developing an AI system for your business or considering integrating AI capabilities into your existing model will be a winning situation. All you need is to set up a proper roadmap for AI system development. But here, you can choose to hire a software development company to streamline the process. Developing an AI model is all about making technology by extracting the technical capabilities of AI that work perfectly to resolve your problems.
If you are also considering the AI model for your business that is tailored to resolve unique challenges, then collaborate with our experts. For more details drop a query or contact us!
Integrating the AI system into your business model is simple. This would require you to follow just a few steps:
– Identify use cases
– Data gathering and refining
– Choosing the right tools and programming languages
– Develop and train model
– Testing and deployment
Make sure the AI system ensures high-quality data, choosing the most suitable algorithms, using cross-validation, monitoring key metrics, refining models, and designing for scalability.
The common challenges of developing an AI model are offering high-quality data, choosing the right algorithm, avoiding overfitting/underfitting, seamless integration, and continuous monitoring.