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But to deliver the best matches and experience, these companies need the best technology.
Coffee Meets Bagel is one mobile dating application betting on meaningful connections and relationships in a world where customers can have anything they want.
The company made waves in 2015 when its sister co-founders turned down a record $30 million offer from Mark Cuban on "Shark Tank," and it has since become one of the most popular dating apps in the country.
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Men receive up to 21 matches — or "bagels" — a day to decide on.
Of the men who express interest, women will receive up to six curated matches that the algorithm finds with the most potential. The company opted for different numbers of matches for both sexes because of differences in dating behavior.
according to an IBISWorld report on the dating services industry in 2018.
"Slow dating apps," such as Hinge, and apps that give women more control, such as Bumble, have found opportunity.
Artificial intelligence and machine learning are key to delivering the personalized experience customers expect today, said Sunil Rajasekar, CTO of MINDBODY, Inc., a consumer technology platform for fitness.
But it's not just having the data and processing it that is a challenge: Organizations also need the application engineers who can weave the insights a company gleans back into the product.
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