Are you planning to develop an NLP app using OpenAI? Yes? Then, you should know about the entire relevant ecosystem, how to reap the benefits, what type of NLP app you can develop using OpenAI, and more. Before that, do you know why you should choose OpenAI for building an app?
A research lab, OpenAI, specializes in AI and reduces costs by automating processes. Focusing on the recent report by ThinkImpact, in 2022, OpenAI about 21 million users used it, and within two months, the figure turned to 100 million. Moreover, in 2023, Microsoft invested around $10 billion in OpenAI. So, you can expect a wider scope while picking OpenAI and grabbing a huge chunk of the market share.
This post will set forth how you can make the most out of OpenAI to develop an engaging and user-friendly NLP app.
What is OpenAI?
An artificial intelligence (AI) research laboratory, OpenAI holds highly skilled and expert engineers, researchers, and scientists who are dedicated to developing and enhancing AI safely. Besides, it targets creating a world where AI technologies are introduced in a way that is ethical, safe, and transparent. OpenAI is working progressively to pluck out the challenges that obstruct it.
OpenAI ranks among the most funded machine-learning startup firms in the world, with funding of over 1 billion U.S. dollars as of January 2023.Statista
So far, OpenAI has created various innovative AI models, like CLIP, DALL-E, and GPT-3, that have been used for developing varied apps, from virtual assistants to chatbots to content creation.
Role of NLP Tools in Business – Are These Worth Using?
Natural language processing tools help businesses deal with a large amount of unstructured data that’s left uncategorized, be it social media conversations, emails, survey responses, online chats, and more.
The NLP market is predicted be almost 14 times larger in 2025 than it was in 2017, increasing from around three billion U.S. dollars in 2017 to over 43 billion in 2025.Statista
Allow NLP into your workspace, you can perform better data analysis to pick something relevant and useful and get valuable insights. These help automate business tasks and make well-informed decisions.
So, with NLP solutions, you can catch up with the competitive edge and stand uniquely in the crowd.
Benefits of Creating an NLP App Leveraging OpenAI
Our experts in OpenAI-based app development solutions know how to reap the benefits of OpenAI to develop an NLP that can deliver a better customer experience.
1. Posses Advanced AI Power
OpenAPI lets the developers access some of the advanced AI models available in the market. These can automate business jobs, create personalized content, and improve user experience.
2. Deliver Personalization
With OpenAI, developers can create personalized user experiences leveraging AI power, like NLP and image recognition. This leads to improved user engagement and boosted retention and a more customized user experience.
Open AI was founded by Elon Musk and Sam Altman, and since then, it has leaped much in the AI field.
3. Hold Collaborative Trait
API of OpenAI is crafted to be collaborative and open, permitting developers to work together as a team with the development community. This pace up AI development and promote innovation.
4. Develop Productive and Efficient Apps
OpenAI assists developers by automating repetitive jobs that result in more productive and efficient apps.
In January 2023, OpenAI was valued at $29 billion dollars. That makes it the 6th most valuable company in the United States.Fortune
5. Highly Scalable
It lets the developers easily manage a large volume of data and customer requests because of its scalability trait. That’s why users find it ideal for building an app that holds the caliber to handle thousands of users or process a huge amount of data easily.
6. Competitive Advantage
The apps that you develop using OpenAI appear to be more sophisticated and advanced app compared to the competitors. This can provide a helping hand to stand uniquely in the crowd and drive more users.
Microsoft is reportedly considering adding ChatGPT to its Bing search engine in 2023.The Guardian
7. Provide Better Security
OpenAI is best at identifying and preventing security threats, which helps in protecting user data and all sorts of fraud. Besides, it analyzes customer behavior and assists them in pointing out potential threats. Taking proactive measures, the users can build a protective shield against them.
8. Allow Better Data Analysis
By developing an NLP app using OpenAI, you can easily analyze an enormous volume of data to track the progressing insights, trends, and patterns, using which developers can make informed app development decisions.
ChatGPT was launched on 30 November 2022, and it took just 5 days for it to get to 1 million users.Yahoo Finance
9. Include Chatbot and Virtual Assistants
OpenAI can boost the caliber of mobile apps, powering them with virtual assistants and chatbots. This arrives with efficient and quick customer assistance and support for the users.
10. Predictive Analysis
Developers can craft more affected and targeted apps by predicting the users’ needs, preferences, and behavior with the assistance of OpenAI, which reaps the benefits of ML algorithms to make predictions.
As of January 5, 2023, the OpenAI website was visited 302 million times every month.SimilarWeb
11. Cost Effective
Be it OpenAI tools or other similar platforms, they are cost-effective, letting small-scale businesses and even individual developers compete with more established and giant players in the market.
So, while concluding, let’s recall the things we discussed to make our app more productive with OpenAI.
OpenAI is best at:
- Delivering personalization
- Permit developers to work collaboratively,
- Provide a competitive advantage to the users,
- Allow the inclusion of a chatbot and virtual assistant in the app,
- Offer better security,
- Deliver personalization,
- Boost customer retention, offering enhanced customer experience,
- Allow better data analysis,
- Permit to make better decisions, etc.
You can move ahead to transform your app development concept into a reality by building an app using OpenAI. Well, being tech-savvy, you can also do this, but let you know that it will demand not only your money and resources but also your time. In the beginning, you will find this easy, but after some time, it will become challenging for you to spare time for further advancement, updates, and improvements.
Emizentech is a leading app development company with seasoned experts with extensive experience crafting intelligent and scalable OpenAI-based apps for various industries. We invite you to connect with our team for a free consultation, where you can discuss your specific requirements and learn how Emizentech can help transform your vision into a reality. Don’t miss the opportunity to leverage our expertise in AI development services for your business needs.