Factors Affecting the Cost of AI App Development

Businesses from different industries have started investing in artificial intelligence for app development since the technology is continuously gaining popularity. As per the study, the AI market size will reach $641.30 billion by 2028. 

Artificial intelligence has various algorithms used to analyze a large amount of data, helping the organization to make better decisions. 

When looking for an AI app development company, the first thing that concerns every business owner is- how much it will cost to build an AI-based mobile app. 

In this blog, we have listed the 5 significant factors impacting the cost of developing an AI app. 

5 Major Factors Affecting the AI App Development Cost

Let’s have a look at 5 different factors that influence the cost of building an AI app. 

Data Availability and Quality

Data availability and quality are the primary factors affecting the cost of developing an AI-based mobile app. Collecting quality data is a time-consuming process that automatically makes it a little expensive. 

Delivering a smooth user experience is important, so you must add qualitative data to your mobile app. In case of poor data structuring, the process will be costly but worth your investment.

App Development Platform

Another influencing factor of AI app development cost is the platform you will choose, either iOS or Android. If you develop your mobile app on multiple platforms, you need to spend a lot of money. However, building a mobile app on a single platform will cost you less. 

There are platforms that are already integrated with pre-built models or tools, resulting in a quick app development process. 

The Complexity of the AI Model

Building a complex AI model for your mobile app also impacts the cost of AI app development. 

A complex model has numerous layers along with several parameters that require time and resources, resulting in an increased app development cost. Whereas developing a mobile app with less complex features or models is less expensive.  

AI-based mobile apps with high complexity have features like speech/image recognition, biometrics, etc. On the other hand, the medium complexity AI model is integrated with features like real-time notifications, track speeding, responsive chat, and more. 

The Expertise of the Development Team

Hiring an app development team with years of experience and in-depth technical knowledge is also a significant factor that affects app development costs. 

A development team with specialized skills is expensive compared to a less experienced team. However, investing in an experienced AI app development company will be worth it. 

In short, the size of the development team you are hiring will influence your app development cost. 

Post-Delivery App Maintenance Services 

Providing post-delivery app maintenance or support services is important as it will keep your users hooked to your AI-based mobile app. As a result, you need to spend money in order to keep your app in the best situation. 

The maintenance cost may exceed based on the recent requirement or feature integration. A model may need to be retrained as data and requirements change, and the application may need to be updated accordingly.

Conclusion

In conclusion, several factors affect the AI app development cost. These include the complexity of the project, the platform on which the app will be developed, the expertise and experience of the development team, and the need for additional resources such as data storage and cloud computing. 

Other factors that may influence the cost of AI app development include the need for custom integrations or APIs, ongoing maintenance and support, and user testing and quality assurance. 

By carefully considering all of these factors, businesses can better understand the cost of AI app development and make more informed decisions about their projects.