The 33 Top Artificial Intelligence (AI) Related Entrepreneurial Opportunities in 2019

Jan 15, 2020

Human Resources

AI Recruiters

Applicants and employees expect custom experiences tailored to their unique needs as they apply for a new job, choose the right benefits or explore development opportunities. “AI recruiters” will automate scheduling interviews, provide ongoing feedback to candidates and answer their questions in real time.

People Analytics

For years, companies have been collecting data on their customers to gain insights to predict future behavior and HR teams have a lot of catching up to do in leveraging people analytics. Technologies that enhance the candidate experience and meet the candidate’s digital expectations will help distinguish companies from one another. On customer side and especially due to On-Demand / Gig Economy, companies need to verify and monitor represented credentials (contractors, physicians, pharmacists, nurses, CPAs, etc). Companies like Atlas Certified are automating process across industries by including AI.

Automate Repetitive, Low-Value Add Tasks

AI presents an opportunity for HR to automate “repetitive, low-value add tasks” including onboarding a new employee (allocating space, provisioning a laptop, etc.), benefits management and triaging common questions and requests.

 

Healthcare / Pharmaceutical

Vaccine production

Vaccines are very important when it comes to disease prevention, disease control and of course in the public health department. This is in no doubt a big industry, as you would need several permits and licenses to start this business and you can outsource the production. Also have it in mind that this business needs a huge amount of funds. Some of the ways through which you can get funds include; bank loans, angel investors and savings.

Automated Pharmaceutical Company

An automated pharmaceutical company would require less workforce with machines and robots programmed to run and produce everything. It is a highly profitable and thriving industry, but it is a business that is highly regulated. If you want to start this type of business, then you would be required to apply, obtain and continually verify the necessary license and permits from the government of your country.

Nanomedic

The use of nanotechnology for the reparation of cells is becoming a popular need in this age. A computer science professor at Duke University has been creating micro robots that could possibly insert electrons into neurons in the brain. There are the world’s smallest untethered, controllable robots.

Tele-Medicine

Large healthcare and pharmaceutical companies are dipping their toes into telemedicine, which feels a lot like contractor referral (HomeAdvisor, Angie’s List) a few years ago. Physicians, nurses and pharmacists will soon be available 24×7, creating efficiencies and saving lives. Atlas Certified is a company helping those institutions ensure patient safety by verifying status of those critical licenses.

Body-Part Making

Today, this business is focused on degrading polymers and using stem cells to engineer tissues. This is not about growing a foot or an arm in a lab. It’s about growing skin or tendon or muscle–in other words, single types of tissue. A lot of companies or entrepreneurs are diving into this business. A company in Connecticut is currently working to heal ACL tears without taking tendon from another part of the body to surgically repair it. Research has shown that they are using degrading polymer placed where a tear occurred and stem cells in the blood are left with the healing job. With adequate knowledge and funding there are a lot of things to do and achieve in this sector.

Nutrient Supplements

We all understand the importance of nutrients and its supplements in our everyday life. In the bid to improve human immune system and health, scientists are now producing genetically improved foods that contain nutrients known to help fight diseases or malnourishment. We believe that you can comfortably start this business if you have adequate knowledge on how to produce nutrients supplements.

Personalized medicine

In this age, individuals can be treated in advance for diseases that they will most likely present with in the future. Also, people now have drugs produced specifically for them based on their health needs and challenges. Personalized medicine is an innovation in health care that proposes medical decisions and treatments that are custom-made for each individual patient based on his or her genetic make-up.

DNA Design Firms

DNA provides clues to diseases. Facts and reports have shown that DNA reveals some diseases, and a lot more will come if we invest in this area. The long-term possibilities of cheap DNA testing involve a better understanding of aging and endless possibilities for new ways to cure and treat disease.

Cloning and Enhancing Lab

This business is one of the most enticing businesses in the biotechnology industry that an entrepreneur who is interested in the industry can successfully start. Cloning and enhancing labs are involved in the enhancing of plant and animal traits by making use of biotechnology to make agriculture easy. It is an advance business and it is a business that is reserved for core professionals in the biotechnological industry.

Agriculture

“Meat” Grower

Meat can now be grown in the laboratory. This innovation has been around but the taste and consistency is just coming. Using techniques that come out of stem cell technology, numerous groups of scientists have grown meat in the lab. Stem cells are placed on scaffolding and soaked in nutrients to grow.

Production of Bio-fuels

The world now understands the need to drop other fuels and focus on biofuels so as to protect our environment. When planning to start this, you should conduct a thorough feasibility studies and market survey. Handling chemicals sometimes will always need high level of carefulness. This is where the need to buy robots or hire experts.

Automated Fertilizer Production Company

Feeding the world population is a hard task. Fertilizers are needed in the agriculture sector. We believe there is a huge market for this type of business. Every government in the world is now preaching agriculture and sustainable farming. This is why if you are considering starting a business in the biotechnology industry, you can consider going into organic and non-organic fertilizer production.

Solar Water System

We call all agree that water is very essential to all living things and everyone knows that water pumping machines sap a lot of energy. You could start a business that helps people install water pumping machines that run on solar power and make it cheaper and easier to pump water.

Consulting

Technology

Reports have shown that big strides are being made in technology, whether it’s in the realm of artificial intelligence and machine learning, or big data analytics. It is for this reason that experts believe that companies large and small will be looking to infuse new tech into their business activities. Entrepreneurs already have a lot on their plate, and many don’t have the time or energy to learn their new technology inside and out. A tech consultation service that could help businesses implement and operate their technology solutions should be in high demand and could prove highly profitable.

Social media

Facebook and Twitter are still the top networks, but businesses tend to struggle the most with platforms like Instagram, Pinterest, Tumblr and Snapchat. We believe that all these platforms have big audiences, but a lot of businesses do not have the time or resources to figure out how to make them work for their niche.

Periscope, Twitter’s live-streaming app, has more than 10 million active accounts, for example, and Snapchat has more than 100 million users. Tumblr and Instagram have more than 400 million users, and Pinterest has over 100 million.

Logistics

We are entering a world in which it will be possible to run a 20,000-square-foot distribution center with a skeleton crew. Companies like Kiva Systems — now Amazon Robotics — use a combination of artificial intelligence and advanced robotics to provide big box retailers with unprecedented logistics solutions.

Warehouses of the future will look nothing like they do today — rather than being designed to accommodate human packers, they will be built for highly capable robots that can work 24/7 and don’t require lighting to see what they are doing.

Ghost writing

Social media has made communication very easy and convenient. Audiences are ready to consume content from their favorite brands and celebrities, so companies are turning to ghost writers to help put their thoughts down on paper. Publishing and sharing written material are easier and cheaper than ever and businesses will require more efficient ways to share their message.

Real Estate

Virtual tours

Virtual tours can range from a hotel that gives potential guests a tour of their facility, accommodations and amenities via their website to real estate brokers that broadcast house tours of properties they have listed for sale and posted on their websites.

Lunar Tour Guide

A lot of people still think that assessing space is just for governments or large aerospace giants. That is no longer the case with numerous companies sending paying customers into the heavens. That may go a step further, with lunar missions, in the next five or 10 years so some entrepreneurs better start laying the groundwork now.

Communication

Peer-to-peer networks

Machine learning is a form of artificial intelligence, and companies like Facebook are already using statistical modeling to help machines make informed decisions about what content to show you next. For the models to work properly, they require massive amounts of data and significant computing power.

With the rise of peer-to-peer networks — like the ones used by cryptocurrencies — even small organizations will have the ability to run advanced AI programs by harnessing the collective power of networked personal computers.

Google controls nearly 80 percent of the search market, yet few people fully understand how Google determines what content is shown to a particular consumer. AI and peer-to-peer networking could help small business challenge large organizations.

Nanosatellite

We humans are constantly trying to devise means to reduce the size and convenience of all technologies we use. As satellites get smaller, the costs of launching them get lower. That’s the major limiting factor. We believe that nanosatellites and the even-smaller picosatellites can be packed with all sorts of useful equipment that have business applications. The types of nanosatellites and microsatellites that can be built by small companies and universities will become more robust. We are heading in a direction where small teams and small companies will be able to do far more in smaller packages.

4G Internet Connectivity

4g technology has made surfing the internet and anything that has to do with the internet easier and fast. Reports have it that 4G technology is yet to get to all nick and crannies of the world. It is presently available only in few countries. You can start a business that takes 4g technologies closer to the people.

Holographic Theatre

The hologram of today is a clever version of an old illusion called Pepper’s Ghost. Papers have it that in the mid-19th century, the trick was done with a thick glass between the audience and image that could make a figure appear to be floating in the air. We believe that current illusionists use highly reflective polymer, invisible to the audience, to create life-size images. Note then that a top application for the technology is using holograms for real-time telepresence for meetings.

Call Centers

There are a lot of call centers in the United States and of course in most parts of the world. This is why you can start a business that designs, builds and maintains call centers. Have it in mind that you would need some IT certifications and trainings before you can successfully run this type of business. The business involves call center software applications development and installation, and hardware installation as well.

Online Library Business

Advent of technology and the internet has made it possible for people from different parts of the world to be registered in the same library. Online library is simply a resource center where you can comfortably conduct a thorough research and study from the comfort of your home no matter the part of the world you live in as long as you have internet enabled device (smartphones, computers, notebooks, tablets et al). In this age, a lot of individuals pay registration fees and of course membership fees to make use of online libraries, thus creating a business opportunity for you to leverage on.

Transportation

Electric Cars

Electric cars are finally gaining traction (get it?) and becoming popular as the growing need and awareness for environmental sustainability has boomed the industry. The all-electric Nissan Leaf completely sold out before the car even arrived in U.S. showrooms and Tesla continues to dominate the headlines. Entrepreneurs have opportunity, by relying on AI for technology, research and design, to increase efficiencies and provide a cost efficient alternative to the big companies.

Power Storage Business

We all know that uninterrupted power supply systems also known as UPS or inverters are gadgets used to store energy, so that when there is absence of power, the UPS can be used as a back-up source of power. These devices are used in hospitals, schools, information technology companies, individual homes and almost every company out there.

Car Tracker Installation and Repair Business

Reports have shown that the need for car tracking systems in cars is on the increase because of how efficient it has proven to be. A lot of transport operating companies won’t allow their cars to start plying the roads until they have installed a vehicle tracking system on it. Since the car tracking systems came into existence, it has become very easy for fleet operators to comfortably manage their fleet of vehicles. You can start a business that installs and repairs them.

Car repair concierge

We all can agree that just a few things can be as frustrating as taking a car in for service. It is a time-consuming process that often needs the owner to make cumbersome alternative transportation arrangements while the work is being done. Reports had it that there are more than 115,000 auto repair and service shops nationwide, each fixing an average of 55 cars per week. This means there is a steady need for those who can make the process as smooth and painless as possible.

Mechanics

It is a common thing in this age for robots to be scrubbing floors but they cannot wash dishes. The world robot population is growing rapidly, reports have it that 13 million robots will be built before the end of next year. A lot of these robots will be industrial robots.

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