Be Your Own Boss & Make Money With Artificial Intelligence

Here are 7 ways to earn a living with artificial intelligence, without working for a company.

Artificial intelligence is one of the most revolutionary technologies of our time and you can make money out of it. Every industry in today's time is powered by AI as businesses are using it as a competitive tool. From chatbots for efficient customer service to using it for analytics to make predictive recommendations, artificial intelligence is leading the world forward. That makes AI an unmissable technology.

If you are in the IT industry, you must be habituated to use programming languages, work with different frameworks, build software for companies, and write various codes to escalate problems. But don't disregard AI as an integral part of the IT field. AI and its many applications can help you earn a living and stay updated with modern tech trends. Here's how.

1. Become an AI entrepreneur

It takes a problem-solver to become a business leader. There are so many things around us that need better solutions like global warming, excessive workloads, faster deliveries, improved emergency healthcare, etc. Basically, there's always something to improve around us. So figure out a pain point you want to target, get a team to brainstorm ideas, define the target audience, plan a solution, pitch the idea to investors, and get going with your own AI startup and make this world a better place while earning profits.

2. Improve machine learning application in eCommerce

For good or bad, the COVID-19 pandemic has replaced the habit of shopping at physical stores with shopping online for almost everything. Because eCommerce shopping is in demand, this is the time to use machine learning and keep enhancing the experience. You can build a better recommendation engine, personalize the service, predict supply and demand faster, build improved visual search, and build a better security system. You can also create conversational interfaces and automate customer service tasks.

3. Get competitive with chatbots

Every eCommerce website has a chatbot that will pop up as soon as you open the webpage. This is because companies are tapping into the potential of chatbots to provide 24/7 customer service. That doesn't mean you can't contribute to this buzz. Chatbot as a virtual assistant is the next development. Because AI is the technology that allows chatbots to mimic a human while conversing, you can teach the system how to talk using NLP. There are pre-made platforms like Microsoft Bot Framework, Botkit, and Dialogflow that will make this easier.

4. Leverage your business with AI

If you run a business, you can make it more efficient with AI. You can use data from your customers and target their social media feeds to show useful products that your business offers, or make applications that will lighten your employee's workflow. If your business has an app, there are several ways to improve it using AI. For example, you could use speech synthesis to make your app convenient for people with weak vision.

5. The trend of blogs never died

No, blogging is not dead, it just has different forms now like video blogging and audio blogging. If you are good at understanding and explaining complex tech concepts, you can start a blog to tutor budding engineers and developers. First, identify what you are good at. Then, start writing blogs on your own website or make vlogs or start a podcast. You can also create and sell online courses and even write a book. If you want to teach, there are many possibilities.

6. Develop your own app

If starting a business of your own seems like a daunting task that will bog down your mental health, solve the same pain point by developing an app. Almost every service-related app uses artificial intelligence. You can make a simple app powered by AI and monetize it by adding a premium subscription or selling ad space on it.

7. Compete and win

There are many machine learning competitions that allow programmers to earn money. Kaggle is a popular ML platform that offers prize money to winners, and Numerai is a tournament where data science professionals can compete to predict asset prices. Many other machine learning competitions allow programmers to practice before competing.