The mobile app economy will grow to $6.3 trillion by the end of 2021, as per Statista.
In the digital era, mobile apps are proving to be big money-spinners for their owners. Be it Amazon, Uber or Airbnb, mobile apps are spewing the next billionaires of the world. Budding entrepreneurs are on the lookout for the next billion-dollar app idea. We have collated a list of the top 10 mobile app ideas that we think can end the search. It’s worth looking at how to build future-ready mobile apps before we dive into the idealist. Let’s have a quick look at the app ideas.
Blockchain based transportation & logistics app
The transportation and logistics industry is one of the largest industries in the world and the sector is expected to reach 6.9 trillion dollars by 2026. The burgeoning global trade due to open economies and the rising popularity of e-commerce are major growth drivers for the transportation and logistics industry. Many large logistics companies are using technology to improve their business processes and most of them provide mobile apps to their customers. Building a mobile app for the transportation and logistics industry can be a great idea as the market potential is huge. Innovative technologies like Blockchain promise to make the process of transporting goods from one place to another far more manageable than before. Blockchain provides logistics companies scalable solutions that they can use for various purposes like order tracking, order authentication and transition from one place to other. Blockchain technology can help make the process of transportation and logistics more efficient. This is because Blockchain allows logistics companies to create smart contracts. The smart contracts will provide the logistics company with a decentralized public ledger system to record all the changes regarding goods movement in real-time without human intervention. The data recorded by Blockchain is immutable, which makes the process of transportation transparent. By using a blockchain-based app, the logistics and transportation company can make transporting goods efficiently and reduce its costs in the process.
The following are the major benefits of Blockchain-based transportation and logistics app
- Better coordination of documents
- Secure and updated data
- Easy approval through smart contracts
- Reduced cost
A Blockchain-based transportation and logistics app can prove to be a great investment for a logistics company. This is why budding entrepreneurs should think about this idea.
Machine learning-based app for predicting disease outbreak
The covid-19 pandemic affected millions of people and took thousands of lives all over the world. After the pandemic, scientists have started exploring the idea of predicting the outbreak of a pandemic. For the covid-19 pandemic, humanity woke up too late. Only when a doctor saw the pattern in hospital records that the Chinese authorities came to know that this was an unknown disease and not regular pneumonia.
Could this outbreak have been recognized earlier than it actually was? Yes, it definitely could have been. But for that to happen, the hospital would have needed technological assistance. It would have helped if the hospitals in Wuhan city had an AI algorithm to analyze the data and let the authorities know if there is an unusual pattern in cases.
Spillover is a new web-based app developed by infectious diseases scientists at the University of California that can help humanity stop future pandemics. The app compares hundreds of viruses, hosts and other risk factors to help scientists identify those viruses with the highest risk of causing the next pandemic.
While building an AI-enabled disease outbreak prediction app, the app owners must ensure that the patient data is anonymized and secured using a strong cyber security system. The idea of developing an AI-enabled disease outbreak prediction app is gaining traction and many governments would be more than happy to invest in such an idea.
Voting app based on Blockchain
Elections play a vital role in the democratic process and are a regular occurrence. For a strong democracy, free and fair elections are essential. Countries spend a lot of money in conducting elections.
In the U.S. presidential election of 2020, some $14 billion dollars were spent, double the amount spent 4 years ago. Conducting elections is a significant issue in many countries. While conducting the elections, the election officials have to ensure a high privacy standard and eliminate vote tampering. This is where a Blockchain-based voting app can help. The Blockchain-based voting app can ensure a free and fair election process as it protects the sensitive data of citizens. The Blockchain-based apps eliminate the possibility of election fraud as nobody can tamper with records in a Blockchain system.
The benefits of Blockchain-based voting app
- No election fraud
- Streamlined process
- Economical process
A Blockchain-based voting app will lure many governments towards it as Blockchain’s transparency technology is unmatched. Many voters used the top mobile apps for U.S. presidential elections for various purposes. This proves that the voters are now warming up to the idea of using apps for election purposes.
Carbon footprint app
Climate change is a grave issue that our planet is facing right now. To improve something, first we need to measure it accurately. The carbon footprint app does this very thing. A carbon footprint app would help individuals control their carbon footprint. A carbon footprint is the amount of carbon released by activities they conduct like traveling, eating packaged foods, and so on. The carbon footprint app will tell the users the exact amount of carbon they would release into the environment by conducting an activity. For instance, if the user is driving a car to work instead of taking public transport, the app would calculate the level of carbon that this activity would release. The app can also be designed to provide green alternatives to users.
Budding entrepreneurs can explore this idea to build their fortune while helping the environment.
AR-based medicine app
Augmented reality-based apps are leaving their mark on the field of medicine. AR can help doctors determine the real cause of the disease and visualize the extent of damage the disease has caused to the patient. AR provides access to real-time patient data to the doctors, which helps them make better decisions. Surgeons at the St. Mary’s hospital in London have started using AR while conducting reconstructive surgery on patients. Startups like Vipaar provide an AR video support solution to surgeons across the world. The startup allows expert surgeons to virtually project their hands into a faraway operation theatre and help the new surgeons operate.
Benefits of AR-enabled medical apps:
- Provides accurate data to the doctors
- Allows doctors to consult patients online
- Helps surgeons perform remote surgery
The potential for an AR-enabled medical app is excellent and this is an exciting new area which budding new entrepreneurs can explore.
AR-enabled education app
Education is expected to be one of the top trending app categories in the future. Using the power of AR in education, the teachers can make boring subjects enjoyable. AR can help the student connect with the subject on an emotional level. AR offers a two-dimensional method of presenting information as compared to the traditional one-dimensional method. The two-dimensional presentation of the subject matter helps boost the engagement levels of students with the subject. This combination of interactivity and emotion helps students remember what they have learned better and acquire new skills faster. Companies like Arloon and Daqri are doing commendable work in the field of AR-enabled education apps. While Daqri’s apps cover topics in anatomy and chemistry, Arloon has built apps that cover topics like mental maths, geometry and botany.
The potential for AR apps is enormous as it will change the dynamics of how education is imparted. The future students would be able to see the mechanisms of a human cell up-close using AR technology or even see historical events take shape in front of their eyes. Schools and educational institutions worldwide are experimenting with various AR technologies, which makes the AR education app a lucrative field to be in.
AI Cybersecurity app
As the world gets connected through the internet, cybercrime is on the rise. According to a report, the world will lose $10.5 trillion to cybercrime by 2025.
Artificial intelligence can prove to be a great tool to stop cyber attacks. Using the power of sophisticated machine learning algorithms, security experts are making the internet a safer place for everybody. The security specialists compile data from large databases, which helps them detect the intrusion signatures left by hackers. An excellent example of using AI in security would be embedded systems like video cameras, printers and other devices connected to a network. It is seen many times that companies do not bother to change the default administrator passwords on these devices and hackers exploit this vulnerability to gain access to the network. Using the power of artificial intelligence, cyber security experts can scan the entire network for such vulnerabilities, preventing such kinds of common attacks on the system.
The following are the ways in which AI is helping cyber security experts detect fraud:
Detecting credit card fraud
Credit card fraud is one of the biggest problems for the credit card industry as it deters consumers from using their credit cards. MasterCard, one of the largest credit card companies globally, has implemented an AI-based fraud detection system that uses algorithms that track diversion from predictable customer behavior. The system analyses various things like the typical spending habits of a consumer, the location of the purchase, and other parameters to assess whether a purchase is made by the consumer or some hacker has hacked the consumer’s credit card.
Filter out spam mails
Gmail deploys sophisticated algorithms to block spam emails. Google trained the AI of Gmail to detect spam by using the data of millions of active Gmail users. Whenever Gmail users identified a particular email as spam or not spam, their action helped train the AI to recognize spam in the future.
Entrepreneurs can think about building an AI-enabled cyber security mobile app that can help prevent fraud. Many companies that provide access to sensitive data to their employees will be interested in such a mobile app.
AI-enabled storytelling app
Everybody likes listening to stories, especially children. The busy schedules of parents do not allow them to read stories to their children. The beauty of storytelling tools is that they tell popular stories to children and have characters that can adapt and react to how audiences play.
Startups like charisma.ai offer a whole new dimension of storytelling in which they have created characters with emotions, memories and voices. Using artificial intelligence for storytelling, the users can ensure that they listen to their favorite novels, poems, or books while doing other stuff.
Humans love to hear stories. Maybe this is the reason that books and movies sell like hotcakes. An AI-based storytelling app can prove to be a money-minting idea for entrepreneurs.
AR-enabled interior decoration app
One of the most challenging things while purchasing things for a home is to visualize how it will look with the decor of the place. One of the world’s largest manufacturers of customized furniture, IKEA has solved this problem by providing an AR-enabled app that helps its customers visualize the furniture piece before they buy it. The app is an instant hit amongst the customers of IKEA. The interior designer can use an AR-enabled interior designing app to show their vision to their client accurately. This tool can prove to be a boon for those clients who are indecisive or do not know what they want. Using the power of AR, interior designers can project everything from furniture to fabrics to curtains to paintings and show an accurate view of the decor to their clients. Many interior designers and furniture vendors would be interested in an AR-enabled interior designing app.
Flexible work app
The covid-19 pandemic has impacted the work lives of people in an unprecedented manner. Many companies have adapted the work-from-home culture permanently. The flexible work culture is loved by the new workforce which comprises mainly gen Z and millennials.
There are flexible shift finder apps like shifts by Snagajob, which help users find jobs that fit their schedule and earn up to $18 per hour. The freedom of finding a job according to their preferences is what attracts users to this app. The entrepreneurs can build something similar, which can aid users in finding work-from-home positions.
The future is yours
While all the above-mentioned app ideas are great, it is the execution that matters. No idea can become successful without proper execution, which includes many factors. Entrepreneurs can hire top mobile app development companies in the world to build that billion-dollar app.