Artificial intelligence is growing at lightning pace, and the industry is expected to be worth trillions of dollars by 2030 according to a piece from McKinsey & Company. There are countless applications for the revolutionary technology, and the time is ripe for investment in key areas.
One AI application that looks set to blow up in the years ahead is in website and app development. There are a few AI tools that are emerging that now allow people to easily create their own sites and apps with no coding experience.
Apps Are Going Nowhere in Casino and Streaming Markets
Mobile apps blew up in the smartphone era, showing no signs of fading away with new technology. Indeed, in the entertainment industry, apps are still the main way people interact with the biggest platforms. For instance, streaming services like Netflix, HBO Max, and Spotify all attract most of their traffic through apps that are instantly accessible from the mobile screen.
The same is true in the online casino industry, where most players log on from their mobile phones. Developers create games with the smartphone player in mind first, and casino operators encourage people to download the dedicated mobile app. For example, people who play with Casino Days app are able to get notifications on new promotions, bonuses, and game releases. They can also enjoy a streamlined experience with quicker navigation and a mobile-friendly layout.
It’s clear that apps are still ruling the roost, so there’s a huge market for AI services that make them even better. In fact, many existing apps could use AI to help them evolve and improve.
Market Growth and Potential
We’ve already mentioned here at Impact Wealth that many investors are keen on the idea of AI taking over certain things, and many people are fine with it becoming their financial advisor. Therefore, it’s reasonable to believe that the tech will be accepted in a range of industries.
Along with being able to generate full websites and apps with only a few prompts, there’s endless scope for how AI could be used further. For example, the technology can be used to deploy AI agents on websites that can answer users’ questions as if they were chatting to a human. There’s also the chance to use AI to send personalised recommendations to individual users, which could be delivered as mobile app notifications. With the market currently in a fledgling state, it’s the perfect time to invest and expect massive growth in the years ahead.
Where to Invest
According to a piece in Forbes, there are already various AI website builders on the market. Intel Capital and Hedgehog Lab are already well-known in the market and could be in line for rapid growth in the next few years. However, it may be best for investors to eschew the already-established giants and look for start-ups that need more capital to get going.
Loads of start-ups are now entering the AI space and coming up with innovative applications. For instance, companies developing AI-powered investment apps are gaining attention for their ability to analyse market trends and provide personalised financial advice.
When considering where to invest, it’s best to make a full assessment first. Does the business use the tech in a viable way that offers scalability? Is there a market for the innovation that the company brings to the table? The AI landscape is only set to get more competitive over the next few years, so ensuring that you do your due diligence first is essential.
