Getting a personal JARVIS is a Millennial’s and GenZ’s dream. A self-sufficient machine that can assist you in your day-to-day work isn’t that a billion-dollar dream? After the advancement of AI technology, that dream has become a reality.
Generally, getting people’s acceptance is challenging for any new technology. However, this is different for AI-powered applications. Even before the advent of AI applications, people were already going over the hill with only the basic concept of it. So as soon as it launched in the market, people is gaga for this AI-powered application. Now, with an AI-powered application, everyone can get an assistant to help them personally and professionally.
The acceptance rate of the AI-powered assistance application is so overwhelming that big companies started investing in this technology and making fortunes with it. According to a recent study, the global AI-powered personal assistant app market is expected to reach $14.10 billion by 2030.
According to another report, 142 million people in the US have already started using AI-powered assistance applications. By 2026, more than 50% of the internet users living in the US will use a voice assistant. The technology is still in its infancy, and this is the right time to invest in it.
If you are wondering about the benefits and costs of developing an AI-powered smart personal assistance application, you can rest assured that we got your back. We designed this blog to help you with all the necessary information related to the benefits and costs of developing AI assistance applications.
So keep your hunger for knowledge in check and digest what we have prepared for you in this blog.
AI assistant applications are getting extremely popular among Millennials and GenZ netizens. This new technology improves professional efficiency and saves time and effort by streamlining everything that requires your attention.
As a business owner, you need to take care of various things that keep your business in line; their assistance helps you easily do all of that crucial work. Furthermore, it helps to improve the overall customer experience. The benefits of AI-powered personal assistance are limitless; here, we compile the key benefits of it.
AI-powered personal assistance is available 24/7, anytime, anywhere you need them they will be one click away to assist you. If your business needs to offer customer support, you can utilize an AI assistant. It can serve around the clock 365 days a without any breaks. Suppose you run a business that operates in different time zones so that you may get customer assistance requests at any time. And an AI assistant is an excellent choice for this type of work.
One of the major benefits of Ai powered personal assistants is it greatly improves productivity. In the banking sector, automation is already helping employees with their work. It handles routine tasks; also, offers efficient and enhanced output. If you own a large-scale enterprise, an AI-powered assistant application can be a great help for boosting your productivity.
Another benefit of this advanced technology is it helps corporate employees to balance their work life. With the help of the assistance application, employees can get rid of time-consuming work and utilize more time for other vital activities. Moreover, they can use their free time with their family and friends.
An AI assistant is accurate in conducting research, calculations and collecting and analyzing data. This work is time and effort-consuming and has probable scopes of human errors. But with an AI assistant, the chances of errors come close to null.
Furthermore, the application follows commands; it utilizes machine learning, natural language processing and various AI technologies to complete the given task accurately. More precise the command, the more accurate the response will be.
One of the many benefits of AI assistants is they can be accessed from any device with an advanced configuration. Now we are advancing towards 5G, and most devices are adapted to utilize advanced technology. You can access an AI assistant instantly from anywhere, anytime you want. You only need a stable internet connection, and your AI assistant is ready to assist you.
AI is a self-learned technology that analyzes your personal choice and preferences and design responses based on that. Suppose you want your AI assistant to write a reply to a business email; it will analyze your writing style and write you the required content. Also, if you want to create an advertising campaign, your AI can help you build a personalized and efficient ad campaign.
To succeed in any business, you need to do a lot of things, and without a proper schedule, everything can crumble apart. But your AI assistant can schedule your work for you and help you manage your time. It also ensures that you are notified and prepared before every task you must do.
Learning has no limit. You can learn new things every day, and an AI assistant is a great educator. Suppose you want to know the current market value of certain products and what is the estimated life span. The AI assistant will help you learn everything available on the internet and also give you related information about it, so you can take the right decision.
Now that you are well aware of the key benefits of an AI assistant, you may be wondering about its development cost. Keep reading to learn that.
Every AI assistant app is unique in features and functionality. So the development cost can not be predetermined. The cost depends on various factors. This includes the app’s features, designated platform, development location, tech stack and many factors.
Generally, developing an AI-powered personal assistant costs you around $40,000 to $100,000. It can go up to $500,000 or more. Integrating advanced AI technologies and features can drastically increase the expense.
The price of developing a virtual assistant might vary depending on several things. If you are thinking of developing an AI-powered personal assistant for your company, it is crucial to comprehend these aspects.
Now, we’ll go through the key factors that affect how much it costs to construct an AI personal assistant. It will help you understand how these factors can affect how much it ultimately costs to develop an AI assistant application.
UI/UX design is one of the key factors in AI-powered personal assistant applications. The more complex and advanced its UI/UX is, the more zeros will add to your budget.
Another important element in determining the application’s development costs is its features. Depending on your vision, numerous elements must be included in your AI-powered personal assistant application. Some functions are utilized exclusively in certain apps, while others are universal across all applications. The development cost will increase if you keep integrating advanced features into your AI-powered personal assistant application.
You can develop an AI-powered assistant application for any operating system. Depending on the operating system (Android, iOS), the development process varies, influencing the development cost.
The cost of developing an AI-powered assistant application varies depending on the development location. The cost of the development differs for various geographical areas. For instance, the cost of developing an AI-powered assistant application in Asia, including India, Bangladesh, and other nations, ranges from $40 to $50 per hour. That cost rises to $135 per hour in the US. So, by picking the appropriate location, you can save significant money.
Various tools are needed to develop an application, and they have a major impact on the development process and the app’s functionality. Each tool gives the AI-powered assistant application its special skills and features. Additionally, it has a significant impact on the cost of the development.
Security is one of an application’s most crucial characteristics. You must implement a robust security system for your AI-powered personal assistant application. Many security protocols may be employed, including end-to-end authentication, multi-layered security, firewall, and many more. As your application will be connected to the internet to provide the best service, it is also open to cyber attacks. So you need to implement robust security for your application which will increase the expenses.
Now you are familiar with the benefits of AI-powered personal assistant applications and have learned about the required expenses, you can step forward to the development process. You can hire a mobile app development company in India, like Futuristic Bug. Our knowledge and experience can help you get an excellent AI-powered assistant application within your budget.
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