Entrepreneurship in Artificial Intelligence

More and more people are joining the challenge of entrepreneurship, and with the arrival of new technologies, many have not wanted to miss the opportunity and are carrying out the most technological entrepreneurial projects. There are many subjects that you hear about in this area: insurtech, machine learning, blockchain, and of course, Artificial Intelligence. Today we talk about What is it like to become an entrepreneur in Artificial Intelligence, tips for doing so successfully and success stories that are already on the market.

How to become an entrepreneur in Artificial Intelligence?

Artificial Intelligence is the revolution that is already here, and it is closely related to the evolution of Big Data. Therefore If you are thinking about starting an Artificial Intelligence business, don't forget that data will be the epicenter of your business. Although there are many cases of entrepreneurship that we see in this area, analytics has already fallen behind and is starting to take the leap into action, what to do with the data. Good ground to undertake in this area is Africa. Yes, if you are going to develop an Artificial Intelligence project, you should not rule out doing it abroad, especially on the African continent, where trends such as e-commerce and fintech will play an important role. You should bear in mind that although it is an emerging technology, you will not be alone in the market, there are many who have been able to see opportunities in this area, and they probably have many possibilities for growth. The important thing to succeed is solve a problem that your customers have. It sounds obvious, but the truth is that although this new technology offers many possibilities, not all of them are of real use, for which your target is willing to pay.

Tips for entrepreneurship in Artificial Intelligence

If you have decided to develop your entrepreneurial career in the Artificial Intelligence sector, take note of 3 tips basics that will be very useful to you:

• The value of the data: If there is something really important in the field of Artificial Intelligence, it's data. If you decide to start a business in this sector, you will handle large volumes, and you should know what you have, what type of data they are, what you can acquire, and most importantly, evaluate them in detail How can you exploit that data.
• Understand your competition: Keep in mind that you are going to be moving through unknown terrain, hitherto exploited only by a few monopolies, so analyzing these companies, how they work and what they offer their customers is vital in the development of your business.
• Pivots: This is basic advice for any entrepreneur who follows Lean Startup methodology, but it takes on special relevance when we talk about companies in the technology sector, such as those that seek to enter Artificial Intelligence.

Success stories of entrepreneurship in Artificial Intelligence

• Atomwise: referent in the use of IArtificial Intelligence in the health sector. It is nourished by this to find new drugs based on algorithms and analyzing millions of molecules directly. One of its most significant cases was the significant reduction in Ebola virus infection.
• IPetrol: This is a service station management software. A very complete platform that is already part of many of the Spanish stations, although it seeks international expansion.
• IBM: Although we have Artificial Intelligence associated with today, the great technological giant began to develop it in 1950. Currently his best creation is Watson, which is based on machine learning to analyze data.

Now that you know everything you need to start a business in Artificial Intelligence, don't think twice. Do you dare to develop your project?