Take any domain that requires classification work that has not yet been targeted and make a run for it. You likely will be able to adapt one of the existing nets or even use transfer learning to outperform a human. That's the low hanging fruit.
For instance: quality control: abnormality detection (for instance: in medicine), agriculture (lots of movement there right now), parts inspection, assembly inspection, sorting and so on. There are more applications for this stuff than you might think at first glance, essentially if a toddler can do it and it is a job right now that's a good target.
> abnormality detection (for instance: in medicine), agriculture (lots of movement there right now), parts inspection, assembly inspection, sorting and so on
none of these is anything someone can run from their bedroom because they have very high quality and regulatory requirements and require constant work outside of the actual AI training.
This is actually reflected in the margins of "AI" companies, which are significantly lower than traditional SAAS businesses and require significantly more manpower to deal with the long tailed problems, which is where the AI fails but it's what actually matters.
Well, depending on the size of your bedroom ;) I've seen teams of two people running fairly impressive ML based stuff. They were good enough at it that they didn't remain at two people for very long but that was more than enough to be useful to others. One interesting company - that I'm free to talk about - did a nice one on e-commerce sites to help with risk management: spot fraudulent orders before they ship.
In the long term, and to stay competitive you will always have to get out of bed and go to work. But the initial push can easily be just a very low number of people engaging an otherwise dormant niche.
Yes, medicine has regulatory requirements. But as long as you advise rather than diagnose the regulatory requirements drop to almost nil.
This simply isn't true. Every year since the present day ML wave started has seen more and more domains tackled. Even something like that silly lego sorting machine I built could be the basis of a whole company pursuing sorting technology if you set your mind to it. And that's just resnet50 in disguise, likely you could do better today without any effort.
Your statement reminds of 'all the good domains are taken', which I've been hearing since 1996 or so. Of course you'll need to do some work to identify a niche that doesn't have a major player in it yet. But the 'boring' niches are where a lot of money is to be made, the sexy stuff (cancer, fruit sorting) is well covered. But more obscure things are still wide open, I get decks with some regularity about new players in very interesting spaces using thinly wrapped ML to do very profitable things.
For instance: quality control: abnormality detection (for instance: in medicine), agriculture (lots of movement there right now), parts inspection, assembly inspection, sorting and so on. There are more applications for this stuff than you might think at first glance, essentially if a toddler can do it and it is a job right now that's a good target.