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In the past few years, there has been a massive increase in the adoption of smartphones for calls, shopping, and other activities.
All these are becoming possible through mobile apps and data available. According to Statista, there are around 3.5 million smartphone users.
According to analyst predictions, the spending on AI will already reach $58 million in the next few years. But of businesses are still having confusion about the cost of developing an AI-based app.
This blog will cover all the necessary points and the estimated cost of developing an AI app.
Factors Determine the Cost Of AI App Development
When we talk about Artificial Intelligence development, there are various factors to determine:
1) AI Type
Business owners can choose different AI software solutions through artificial intelligence app development companies.
i) Chatbots
With the help of a chatbot, you can streamline, automate, and improve customer interaction.
You can add a chatbot in your app, and in social media platforms. Adding a custom chatbot in your app can help users in multiple ways.
It can recommend products, can track order details, and suggest products or services according to the user’s interest.
If you can integrate a custom chatbot according to your business need, it can turn users to potential customers.
Integrating a chatbot into the app may cost you more than $40,000. The price may increase based on the AI app development company you are choosing.
ii) Analysis System
The working of an analysis system is to analyze and take action with the help of large quantities of data.
When you are initiating sales and marketing in the business, you can use an analysis system for data-backend decisions.
An analysis system is used in writing. You can use content writing services and get suggestions on the title, paragraph, and suggested topics.
The current estimation price for creating each page is more than $1000. If you are interested in developing a custom analysis system, it will cost you more than $35,000.
iii) Virtual Assistants
In today’s tech market, you can see plenty of virtual assistants used in homes, offices, etc.
It has made our work easier. Some examples are Cortana, Siri, and Google Assistant. When used in the office, it helps to complete day-to-day tasks by giving reminders.
If you are planning to develop a custom virtual assistant, the app development cost will be more than $50,000.
2) Project Type
When we talk about AI, there are plenty of options to opt for. If you are planning to develop an app, your business can either choose pre or custom build solutions.
If you are planning to develop a custom chatbot for your app, it may cost you between $15,000-$50,000. The price may even go higher based on the project type and features you are implementing.
3) AI Features
It is good to know that AI provides us with multiple features for our app development. If you want to develop an app with full-fledged features, it will cost you more expensive than normal apps.
When we talk about fully loaded features like data format, data storage, data structure, and many more.
The estimated cost price for developing a simple app based on AI is more than $75,000. On the other hand, developing a complex app based on AI will cost you more than $2,50,000.
Conclusion
I hope this post has helped you in knowing more about AI and the estimated cost of developing an AI-based app.
Avail of the artificial intelligence app development services by connecting with the development company.
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