So, you are thinking of creating an innovative AR app for your business, and your top concern is how much augmented reality costs. A quick answer is anything, from a few thousand dollars for a straightforward AR app to $300,000 and more for a feature-rich, custom AR solution. The devil is in the details.

You can view artificial intelligence as an umbrella term encompassing different types of algorithms that can autonomously perform complex tasks that normally require human intelligence. For instance, AI models can analyze historical data to make predictions for the future. They can detect anomalies in a machine’s functioning before it breaks down. AI can even drive vehicles. And depending on which AI subtype you are looking at, it can compose music and generate artwork.

Do you have doubts about the viability of your mHealth application idea and whether the high healthcare app development costs are justified? The good news is that customers are willing to download and use medical apps. Let’s take a look at the numbers. One of the most popular health apps of 2024, Blood Sugar, scored 2.93 million downloads.

Edge AI brings artificial intelligence to local devices, deploying lightweight models directly on sensors, cameras, and IoT equipment instead of relying on cloud servers.

Artificial intelligence (AI) promises sharper insights, faster decisions, and leaner operations. Every organization wants in. But AI thrives on data. Yet most of that data is sensitive, and global regulations like GDPR, HIPAA, and CCPA are tightening the rules on how it’s handled.

Retrieval-augmented generation (RAG) is an AI architecture that enhances LLM accuracy by dynamically retrieving relevant, up-to-date information from external knowledge sources RAG significantly reduces hallucinations and improves response accuracy in critical domains like healthcare (96% diagnostic accuracy) and legal (38-115% productivity gains)

2024 proved to be a watershed moment for generative artificial intelligence (Gen AI). A few months after OpenAI launched ChatGPT, McKinsey researchers revealed that one-third of companies were already using generative AI in at least one business function.

The JustSiftLab team estimates that you would spend at least $60,000 on a minimum viable product (MVP) version of an AI solution. The cost of integrating AI into your technology systems and business processes will rise proportionally to the solution’s type, complexity, and supported use cases. It should be noted that the above-mentioned price only covers your system’s artificial intelligence components; efforts to develop web, mobile, cloud.

According to the recent McKinsey survey, 78% of organizations use AI in at least one business function, with most survey respondents reporting the use of AI in an average of three business functions. This marks a significant jump from 55% in 2023 but still suggests covering only a fraction of where it could deliver value.

Everyone wants AI, but few know where to start. Enterprises face analysis paralysis with implementing AI effectively when massive, expensive models feel like overkill for routine tasks. Why deploy a $10 million solution just to answer FAQs or process documents? The truth is, most businesses don’t need boundless AI creativity; they need focused, reliable, and cost-efficient automation.

Artificial intelligence is capable of many things—from taking your customers’ calls to figuring out why your equipment is consuming way more energy than it used to.

According to the American Medical Association, physician burnout rate reached almost 64% in 2022, while professional fulfillment scores plummeted to 22%. This seems like the right time for the medical sector to look for a solution.

Some experts believe that AI agents are just a passing fad, while others dream of AI-run banks and artificial CEOs delegating work to AI agents and humans alike. Our artificial intelligence consulting company believes that this technology has great potential, but there are limitations that firms considering implementing AI agents need to be aware of.

Software development has always been complex. Today’s growth of tools, technologies, and intricate architectures, combined with the push for faster delivery, has intensified challenges. As complexities grow, ensuring software quality becomes paramount. In an era where digital experiences are crucial for customer satisfaction and business success, a glitch isn’t just annoying—it can hurt trust and cost money.

As more businesses embrace digital innovation, ensuring the highest quality, usability, and security of software products becomes critical.

Conducting a data audit: what your company needs to know

Automated data collection is the process of harvesting data automatically from various sources without human intervention and storing it at the corresponding location in your company’s database/system.

What is data migration and how to get it right?

Top 7 ERP implementation challenges and ways to navigate them

Benefits of AI in healthcare: from diagnosing patients to automating workflows