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How SaaS AI Platforms Are Changing The World

Google is moving toward its AI and ML products, and many start-ups are also in that arena. Clarifai, for example, offers a powerful CV engine that is accessible via its API, but generates more data than the company needs to train its algorithms. Since SaaS products serve consumer functions, personalization will begin as a moat and become a prerequisite for the commodification of AI, which brings us to the final type of AI-SaaS companies. [Sources: 2]




Artificial intelligence will become a powerful tool for this type of business by 2020. These companies don't necessarily have to be AI companies, either, but the market will benefit from the second - the order effects of AI's proliferation. So we see applications and ideas for AI and machine learning that will definitely help businesses grow. [Sources: 2, 3]

While large companies are leaders in the use of machine learning and artificial intelligence, a large number of small companies are using technology to increase their competitiveness through efficiency, innovation, and productivity. [Sources: 3]

If you are a business and want your own AI-enabled app, you can choose from a wide range of artificial development companies that offer features - packed app solutions for AI. SaaS tools range from dashboard tools that can be built up or used as part of a SaaS-based email marketing solution, for example. There is not much data to document SaaS operations so far, and although some of the teething problems reported by companies like Google due to the use of AI in SSAAs due to a teething problem are incredibly rare. [Sources: 3, 4]

This young and pioneering industry is evolving as companies continue to rely on innovative data discovery tools and technologies to increase productivity and profitability, and new software - as service trends - continues to emerge. As we explore the key Software-as-a-Service (SaaS) trends for 2020, it is important to consider what constitutes a company that works with SaaS and their impact on its operations. [Sources: 4]

Although the figures differ somewhat, many forecasts of SaaS industry trends for 2020 show that the SaaS market is growing. According to Bloomberg, the Software-as-a-Service (SaaS) market in the US will grow to $55 billion by 2020, up from $35 billion in 2015. Betterbuys' report shows that this figure is expected to reach $55 billion by 2026, an increase of more than 50% from the previous year. [Sources: 4]

SaaS providers discovered very early on that they could keep in touch with their customers through continuous means, monitor how they use products and services, and then make iterative improvements to achieve better results. The other big trend that we believe is now accelerating into the mainstream is that building on the connected digital infrastructure that accompanied the early wave of SAAS and the adoption of the cloud. This trend, known as the SaaS effect, is a great opportunity to learn the lessons of SaaS and apply them to other industries such as healthcare, education, healthcare, finance, retail, and more. [Sources: 0]

Note that customer satisfaction and experience at the time of purchase goes far beyond the cost of the product or service itself, but also beyond the quality of customer service. [Sources: 0]

The most successful software and service companies have underpinned their success by adhering to the same principles as their competitors. SaaS rules, there is rarely a way to beat it when it comes to setting a price point, as the range of applications for SaaS is virtually unlimited. As funds for fundraising continue to diversify, there has never been a better time to join the field. [Sources: 1]

The same principles apply to all companies and you could be heading in the same direction. All the details of the content that will follow on AiThority.com will be discussed in a future blog post and in an interview with the founder of AI Thority, Dr. Michael Krieger. [Sources: 1, 5]

One of the leading marketing cloud companies that sell in the global B2C market reported that its sales have increased, especially in North America. Much of this revenue will be attributed to expanded product offerings and an expanded product line that includes a number of new products, such as the company's AI Thority AI platform and its own AI Analytics platform. [Sources: 5]

According to Adobe's Digital Intelligence Briefing, leading companies are more likely to use AI in marketing and to use it to deliver compelling customer experiences. SaaS Cloud companies are leveraging AI and machine learning to boost revenue through better products and personalized customer experiences. At Gartner, we know that business models, offers, and revenue growth are not influenced by the increasing adoption of AI, but by its impact on the business model. [Sources: 5]






Sources:

[0]: https://diginomica.com/six-ways-business-changed-covid-19

[1]: https://www.profitwell.com/blog/saas-business-model

[2]: https://medium.com/profiles-in-entrepreneurship/saas-is-evolving-introducing-the-new-wave-of-ai-first-enterprise-solutions-d28014782d45

[3]: https://towardsdatascience.com/12-best-ai-ml-based-app-ideas-thatll-make-money-in-2020-96d104b6367e

[4]: https://www.datapine.com/blog/saas-trends/

[5]: https://aithority.com/ait-featured-posts/what-is-ai-marketing-and-how-it-impacts-saas-cloud-industry/



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©2020 by Houman Asefi. 

Sydney, Australia