Edge AI

By: Bank of Baroda
Fri Jan 1, 2021
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Edge AI is a system that uses Machine Learning algorithms to process data generated by a hardware device at the local level. Edge AI eliminates the privacy issue of transmitting millions of data and storing it in the cloud, as well as the bandwidth and latency limitations that reduce data transmission capacity.

Edge AI is a system that uses Machine Learning algorithms to process data generated by a hardware device at the local level. Edge AI eliminates the privacy issue of transmitting millions of data and storing it in the cloud, as well as the bandwidth and latency limitations that reduce data transmission capacity.

Edge AI will allow real time operations including data creation, decision and action where milliseconds matter. Real time operations is important for self-driving cars, robots and many other areas. Reducing power consumption and thus improving battery life is super important for wearable devices. It will reduce cost for data communication because less data will be transmitted.

Octonion, a start-up that integrates artificial intelligence into low-power microcontrollers, exemplifies how intelligence can be imbued into industrial products. The technology helps companies make smart decisions in real time, locally, by using continuous learning models and machine health scores. Examples include deploying edge AI on industrial motors and pumps to improve monitoring and develop predictive maintenance capabilities.

The major key player in the global edge AI software market are International Business Machine (IBM), Microsoft, Foghorn Systems In Vision AI, Anagog, Amazon Web Services, TIBCO, Imagimob AB., Veea Inc. and Tact.ai Technologies Inc.

Considered the next wave of artificial intelligence, edge AI is a network infrastructure that makes it possible for AI algorithms to run on the edge of a network. The sudden and dramatic changes in network traffic that have accompanied Covid-19 lockdowns and the shift to working from home are likely to accelerate the move already underway towards edge computing.

Edge Artificial Intelligence (AI) software market size is predicted to grow from US$ 355 Million in 2018 to US$ 1,152 Million by 2023, at a CAGR of 27%.

Credits : Akhil Handa

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