In the last few years, time application of Deep Learning was done for solving several hundreds of issues, starting from the computer vision to the natural processing of language. In several cases, Deep Learning managed to outperform earlier work. You can see the application of deep learning for both academia for studying intelligence and also in the industry for building intelligent systems for assisting humans in several tasks.
We cannot deny the fact that Deep Learning emerged out as one of the most talked and researched topics on the subject of data science in very recent times. Truly speaking, deep learning deserves this much attention and that is because of the recent breakthroughs made in data science which are the results of deep learning. Many researchers already predicted the fact that several applications of deep learning will affect the lives of humans in the coming future. To be honest deep learning already managed to make an impact. There are few deep learning applications which are going to excite you sure shot.
The above are 3 deep learning applications which actually excite many people. But this is not the end of the list as there are several other exciting applications of deep learning which will make you spellbound.
TikTok’s user base has grown from zero to over a billion in just
five years.
The
market valuation of ByteDance, the company standing behind TikTok
app development, is around 140 billion USD.
The success of the app inspires many businesses to think
about how to make an app like TikTok.
Do you know what all the successful apps have in common?
Their creators didn’t jump headfirst into app development.
Thorough market research proceeded the development stage. Without knowing your
competition, identifying your niche and target audience you won’t be able
to create an app like TikTok.
Below are some of the steps that you need to go through to avoid
making a costly mistake.
Market research is the first step you should take.
This stage is essential in getting the first impression of the
competition and available solutions out there. Take a look at the most popular
apps, including TikTok, see how users are interacting with them, analyze their
key features and Unique Value Proposition (UVP).
Pro tip: don’t try to copycat TikTok or
any of the similar existing applications. Take them for example to come up with
a unique app idea that will stand from the crowd.
You already know that you want to create an app like TikTok.
But what will your niche be?
TikTok is a huge social media platform that serves all niches. For
a new application, a better strategy might be starting with a single niche. For
example, you can create an app where users will share their cooking videos or
you can develop an app that will allow sharing fitness videos.
You should decide on the niche before you move on to TikTok
app development.
Defining your target audience means identifying pain points and
understanding how you can address them with your application.
As you are working on your user persona, you need to describe them
with all the details:
·
Age
·
Location
·
Family
·
Occupation
·
Yearly income
·
Education level
·
Social media apps they use
The more precisely you identify the target audience, the more
likely your app will hit them in the heart.
In-app purchases are one of the ways TikTok makes money. The
company offers in-app coins that users can donate to influences during live
shows. But influencers only receive 50% of all the donated money. The rest goes
to TikTok, the App Store, and Google Play, as they take a fee for all in-app
purchases.
To leverage this monetization strategy, you’ll need to come up
with a unique offering, such as in-app currency, special honorary badges, etc.
When exploring how to make an app like TikTok and repeat its
financial success, you can’t ignore the fact that this app is a powerful
advertisement platform. The ads platform brings TikTok a lion’s share of the
revenue. The company draws around $1.3 billion in annual ad sales in
the USA.
Today, TikTok relies on three advertisement models to generate
revenue:
·
Cost per click –
advertisers pay the platform for every click generated
·
Cost per view –
payment is charged for every display of the ad on the platform
·
Cost per action –
advertisers only pay when users perform a predefined action (install an app or
purchase something)
·
Fundraiser – the
initial funding of TikTok was around 3 billion dollars. No wonder the company could
build a complex app that now has billions of users. You can start fundraising
with only an app idea or engage this revenue model when you have a working
prototype on your hands.
SWOT analysis helps to identify strengths, weaknesses, opportunities,
and threats related to business competition and project planning. During this
stage, you’ll need to decide what problem your app will solve, what value it
will bring, and whether it has a chance to stand out in the target market.
Tiktok’s algorithms are what make the app
tick. The application relies on the recommendation system that determines which
videos appear in your feed. The algorithm takes into account a number of
factors to provide users with the most interesting content, such as:
·
Accounts users follow
·
Creators that users have hidden
·
Where users added comments
·
Videos liked or shared
·
Videos added to favorites
·
Videos marked as “not interesting”
·
Videos reported as inappropriate
·
What type of videos users interact the most with
·
Content users create
Analyzing these and many other algorithms,
TikTok creates content recommendations. This algorithm is what makes the app so
addictive among users, as they always have the content they like in their feed.
You can create such a feature equipping your app with Machine Learning and
Artificial Intelligence.
TikTok app development cost can start at around $60,000 for
the simplest meaningful app version for a single platform. The development
takes around 3-6 months. If you decide to add another platform, you
will have to multiply the cost by two. The addition of more features will also
cost you additional expenses. Read
more about How to Make an App Like TikTok
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