Edge computing is witnessing a significant interest with new use cases, especially after the introduction of 5G. The 2021 State of the Edge report by the Linux Foundation predicts that the global market capitalization of edge computing infrastructure would be worth more than $800 billion by 2028. At the same time, enterprises are also heavily investing in artificial intelligence (AI). McKinseys survey from last year shows that 50% of the respondents have implemented AI in at least one business function.
While most companies are making these tech investments as a part of their digital transformation journey, forward-looking organizations and cloud companies see new opportunities by fusing edge computing and AI, or Edge AI. Lets take a closer look at the developments around Edge AI and the impact this technology is bringing on modern digital enterprises.
AI relies heavily on data transmission and computation of complex machine learning algorithms. Edge computing sets up a new age computing paradigm that moves AI and machine learning to where the data generation and computation actually take place: the networks edge. The amalgamation of both edge computing and AI gave birth to a new frontier: Edge AI.
Edge AI allows faster computing and insights, better data security, and efficient control over continuous operation. As a result, it can enhance the performance of AI-enabled applications and keep the operating costs down. Edge AI can also assist AI in overcoming the technological challenges associated with it.
Edge AI facilitates machine learning, autonomous application of deep learning models, and advanced algorithms on the Internet of Things (IoT) devices itself, away from cloud services.
Also read: Data Management with AI: Making Big Data Manageable
An efficient Edge AI model has an optimized infrastructure for edge computing that can handle bulkier AI workloads on the edge and near the edge. Edge AI paired with storage solutions can provide industry-leading performance and limitless scalability that enables businesses to use their data efficiently.
Many global businesses are already reaping the benefits of Edge AI. From improving production monitoring of an assembly line to driving autonomous vehicles, Edge AI can benefit various industries. Moreover, the recent rolling out of 5G technology in many countries gives an extra boost for Edge AI as more industrial applications for the technology continue to emerge.
A few benefits of edge computing powered by AI on enterprises include:
Implementation of Edge AI is a wise business decision as Insight estimates an average 5.7% return on Investment (ROI) from industrial Edge AI deployments over the next three years.
Machine learning is the artificial simulation of the human learning process with the use of data and algorithms. Machine learning with the aid of Edge AI can lend a helping hand, particularly to businesses that rely heavily on IoT devices.
Some of the advantages of Machine Learning on edge are mentioned below.
Privacy: Today, information and data being the most valuable assets, consumers are cautious of the location of their data. The companies that can deliver AI-enabled personalized features in their applications can make their users understand how their data is being collected and stored. It enhances the brand loyalty of the customers.
Reduced Latency: Most of the data processes are carried out both on network and device levels. Edge AI eliminates the requirement to send huge amounts of data across networks and devices; thus, improve the user experience.
Minimal Bandwidth: Every single day, an enterprise with thousands of IoT devices has to transmit huge amounts of data to the cloud. Then carry out the analytics in the cloud, and retransmit the analytics results back to the device. Without a wider network bandwidth and cloud storage, this complex process would turn it into an impossible task. Not to mention the possibility of exposing sensitive information during the process.
However, Edge AI implements cloudlet technology, which is small-scale cloud storage located at the networks edge. Cloudlet technology enhances mobility and reduces the load of data transmission. Consequently, it can bring down the cost of data services and enhance data flow speed and reliability.
Low-Cost Digital Infrastructure: According to Amazon, 90% of digital infrastructure costs come from Inference a vital data generation process in machine learning. Sixty percent of organizations surveyed in a recent study conducted by RightScale agree that the holy grail of cost-saving hides in cloud computing initiatives. Edge AI, in contrast, eliminates the exorbitant expenses incurred on the AI or machine learning processes carried out on cloud-based data centers.
Also read: Best Machine Learning Software in 2021
Developments in knowledge such as data science, machine learning, and IoT development have a more significant role in the sphere of Edge AI. However, the real challenge lies in strictly following the trajectory of the developments in computer science. In particular, next-generation AI-enabled applications and devices that can fit perfectly within the AI and machine learning ecosystem.
Fortunately, the arena of edge computing is witnessing promising hardware development that will alleviate the present constraints of Edge AI. Start-ups like Sima.ai, Esperanto Technologies, and AIStorm are among the few organizations developing microchips that can handle heavy AI workloads.
In August 2017, Intel acquired Mobileye, a Tel Aviv-based vision-safety technology company, for $15.3 billion. Recently, Baidu, a Chinese multinational technology behemoth, initiated the mass-production of second-generation Kunlun AI chips, an ultrafast microchip for edge computing.
In addition to microchips, Googles Edge TPU, Nvidias Jetson Nano, along with Amazon, Microsoft, Intel, and Asus, embarked on the motherboard development bandwagon to enhance edge computings prowess. Amazons AWS DeepLens, the worlds first deep learning enabled video camera, is a major development in this direction.
Also read: Edge Computing Set to Explode Alongside Rise of 5G
Poor Data Quality: Poor quality of data of major internet service providers worldwide stands as a major hindrance for the research and development in Edge AI. A recent Alation report reveals that 87% of the respondents mostly employees of Information Technology (IT) firms confirm poor data quality as the reason their organizations fail to implement Edge AI infrastructure.
Vulnerable Security Feature: Some digital experts claim that the decentralized nature of edge computing increases its security features. But, in reality, locally pooled data demands security for more locations. These increased physical data points make an Edge AI infrastructure vulnerable to various cyberattacks.
Limited Machine Learning Power: Machine learning requires greater computational power on edge computing hardware platforms. In Edge AI infrastructure, the computation performance is limited to the performance of the edge or the IoT device. In most cases, large complex Edge AI models have to be simplified prior to the deployment to the Edge AI hardware to increase its accuracy and efficiency.
Virtual assistants like Amazons Alexa or Apples Siri are great benefactors of developments in Edge AI, which enables their machine learning algorithms to deep learn at rapid speed from the data stored on the device rather than depending on the data stored in the cloud.
Automated optical inspection plays a major role in manufacturing lines. It enables the detection of faulty parts of assembled components of a production line with the help of an automated Edge AI visual analysis. Automated optical inspection allows highly accurate ultrafast data analysis without relying on huge amounts of cloud-based data transmission.
The quicker and accurate decision-making capability of Edge AI-enabled autonomous vehicles results in better identification of road traffic elements and easier navigation of travel routes than humans. It results in faster and safer transportation without manual interference.
Apart from all of the use cases discussed above, Edge AI can also play a crucial role in facial recognition technologies, enhancement of industrial IoT security, and emergency medical care. The list of use cases for Edge AI keeps growing every passing day. In the near future, by catering to everyones personal and business needs, Edge AI will turn out to be a traditional day-to-day technology.
Read next: Detecting Vulnerabilities in Cloud-Native Architectures
Continue reading here:
Edge AI: The Future of Artificial Intelligence and Edge Computing | ITBE - IT Business Edge
- Researchers create innovative verification techniques to increase security in artificial intelligence and image processing - European Research Council - April 29th, 2024 [April 29th, 2024]
- Who in Europe is investing the most in artificial intelligence? - Euronews - April 29th, 2024 [April 29th, 2024]
- 4 Artificial Intelligence (AI) Stocks Members of Congress Can't Stop Buying (and Nvidia Isn't 1 of Them!) - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- The Standard Names Porter Orr Second Vice President of Artificial Intelligence Strategy and Development - NRToday.com - April 29th, 2024 [April 29th, 2024]
- Meet Nvidia CEO Jensen Huang, the man behind the $2 trillion company powering today's artificial intelligence - CBS News - April 29th, 2024 [April 29th, 2024]
- This Warren Buffett Dividend King Stock Just Invested $1.1 Billion Into Artificial Intelligence (AI) - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Joe Rogan Reveals What Could Be 'Game Over for the Human Race' - Newsweek - April 29th, 2024 [April 29th, 2024]
- LegalTech Artificial Intelligence Market to Soar to $6.4 Billion by 2028: Global Long-term Forecast to 2033 - Strategic ... - Yahoo Finance UK - April 29th, 2024 [April 29th, 2024]
- Artificial Intelligence Tokens Stumble Again! Is The AI Hype Over? - Coinpedia Fintech News - April 29th, 2024 [April 29th, 2024]
- CISA unveils guidelines for AI and critical infrastructure - FedScoop - April 29th, 2024 [April 29th, 2024]
- IBM's Webinar: Cybersecurity In The Era Of Artificial Intelligence Keynotes - AiThority - April 29th, 2024 [April 29th, 2024]
- Being and becoming a good doctor in the age of artificial intelligence - Firstpost - April 29th, 2024 [April 29th, 2024]
- Pope to take part in G7 summit in June to talk Artificial Intelligence - Crux Now - April 29th, 2024 [April 29th, 2024]
- Pope Francis to attend G7 summit to speak on artificial intelligence - Catholic News Agency - April 29th, 2024 [April 29th, 2024]
- 1 Unstoppable Artificial Intelligence (AI) Stock to Buy and Hold Forever - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Pope to bring his call for ethical artificial intelligence to G7 summit in June in southern Italy - The Associated Press - April 29th, 2024 [April 29th, 2024]
- Elon Musk Called Tesla an Artificial Intelligence (AI) Robotics Company. Does That Make It a Buy? - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Emulating neurodegeneration and aging in artificial intelligence systems - Tech Xplore - April 29th, 2024 [April 29th, 2024]
- Pope Francis to participate in G7 session on AI - Vatican News - English - April 29th, 2024 [April 29th, 2024]
- A Once-in-a-Generation Investment Opportunity: 1 Bill Ackman Artificial Intelligence (AI) Stock to Buy Hand Over Fist ... - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Tesla Stock Investors Cheer Progress on Its Artificial Intelligence (AI) Future - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- In Race to Build A.I., Tech Plans a Big Plumbing Upgrade - The New York Times - April 29th, 2024 [April 29th, 2024]
- A Baltimore-area teacher is accused of using AI to make his boss appear racist - NPR - April 29th, 2024 [April 29th, 2024]
- 3 Top Artificial Intelligence (AI) Stocks That Billionaires Jim Simons, Ray Dalio, and Israel Englander Are Buying - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- The iPad Pro can give us a big surprise with its artificial intelligence chips. - Softonic EN - April 29th, 2024 [April 29th, 2024]
- This Artificial Intelligence (AI) Stock Could Soar 70%, According to Wall Street. Time to Buy? - Yahoo Finance - April 29th, 2024 [April 29th, 2024]
- Billionaire Bill Ackman Owns 8 Stocks -- and This Hypergrowth Artificial Intelligence (AI) Stock Isn't One of Them - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- Artificial Intelligence Has Come for Our...Beauty Pageants? - Glamour - April 29th, 2024 [April 29th, 2024]
- 3 Stocks to Grab Now to Ride the Artificial Intelligence Chip Boom to Riches - InvestorPlace - April 29th, 2024 [April 29th, 2024]
- Is ASML's Big Sell-off a Warning Sign to Artificial Intelligence (AI) Investors? - The Motley Fool - April 29th, 2024 [April 29th, 2024]
- 3 Artificial Intelligence (AI) Stocks to Buy With $1,150 and Hold for Decades - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- This combines the power of artificial intelligence with human insights - finews.com - March 22nd, 2024 [March 22nd, 2024]
- Cohere Targets $5 Billion Valuation for ChatGPT Rival - PYMNTS.com - March 22nd, 2024 [March 22nd, 2024]
- IMF: Artificial Intelligence (AI) Will Transform 40% of Jobs. Can Investors Capitalize? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- Cathie Wood Is Selling These 2 Artificial Intelligence (AI) Stocks. Should You? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- iShares Robotics and Artificial Intelligence Multisector ETF (NYSEARCA:IRBO) Shares Acquired by Creative Financial ... - Defense World - March 22nd, 2024 [March 22nd, 2024]
- Inaugural Plenary Meeting of States Endorsing the Political Declaration on Responsible Military Use of Artificial ... - Department of State - March 22nd, 2024 [March 22nd, 2024]
- AMD Fell Today -- Is This a Chance to Buy the Artificial Intelligence (AI) Stock? - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- Artificial Intelligence (AI) Stocks Are Red-Hot, but Here's 1 to Avoid (for Now) - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- A Once-in-a-Generation Investment Opportunity: 1 Artificial Intelligence (AI) Growth Stock to Buy and Hold Forever - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- 2 Artificial Intelligence (AI) Stocks That Could Go Parabolic - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Artificial intelligence will radically improve health care, but only if managed carefully - The Hill - March 22nd, 2024 [March 22nd, 2024]
- Tennessee Makes A.I. an Outlaw to Protect Its Country Music and More - The New York Times - March 22nd, 2024 [March 22nd, 2024]
- When Using Artificial Intelligence In Pharma R&D, Start With Identifying Problem To Solve - HBW Insight - March 22nd, 2024 [March 22nd, 2024]
- Why Super Micro Computer, Advanced Micro Devices, and Other Artificial Intelligence (AI) Stocks Tumbled on Tuesday - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- 3 Billionaires Are Selling Artificial Intelligence (AI) Stock Nvidia and Buying These 10 AI Stocks Instead - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Nvidia Just Bought 5 Artificial Intelligence (AI) Stocks. These 2 Stand Out the Most. - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- UN adopts first global artificial intelligence resolution - ARMENPRESS - March 22nd, 2024 [March 22nd, 2024]
- This New Artificial Intelligence (AI) Chip Is a Massive Game Changer for Nvidia Stock - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Nvidia Led the First Phase of Artificial Intelligence (AI), but These 2 Growth Stocks Will Lead the Next Phases ... - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Meet Wall Street's Newest Stock-Split Stock, Along With the Artificial Intelligence (AI) Stock Likeliest to Follow in Its ... - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Amid Rumors of a Deal With Rivian, Apple Acquired This Artificial Intelligence (AI) Start-Up Instead - Yahoo Finance - March 22nd, 2024 [March 22nd, 2024]
- UN adopts first global artificial intelligence resolution - CGTN - March 22nd, 2024 [March 22nd, 2024]
- 1 No-Brainer Artificial Intelligence (AI) Stock to Buy With $25 and Hold for 10 Years - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- 2 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire - The Motley Fool - March 22nd, 2024 [March 22nd, 2024]
- Is Intel the Best Artificial Intelligence (AI) Semiconductor Stock to Buy Before It Skyrockets? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- The greater social implications of artificial intelligence - New Day NW - KING5.com - February 20th, 2024 [February 20th, 2024]
- AI comes to the world of beauty as eyelash robot uses artificial intelligence to place fake lashes - Fox News - February 20th, 2024 [February 20th, 2024]
- Beyer Appointed To Bipartisan Task Force On Artificial Intelligence - Falls Church News Press - February 20th, 2024 [February 20th, 2024]
- Why Did Nvidia Invest in These 5 Artificial Intelligence (AI) Stocks? Should You Buy Them, Too? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- Three key themes on artificial intelligence - Research Information - February 20th, 2024 [February 20th, 2024]
- How Artificial Intelligence is transforming consumerism - WFLA - February 20th, 2024 [February 20th, 2024]
- SAP names Philipp Herzig as chief artificial intelligence officer - CIO - February 20th, 2024 [February 20th, 2024]
- Unleashing the Power of Artificial Intelligence: Transforming Web-Based Applications for Enhanced Efficiency and User ... - Financialbuzz.com - February 20th, 2024 [February 20th, 2024]
- Koch Industries continues to accelerate its artificial intelligence initiative - The Business Journals - February 20th, 2024 [February 20th, 2024]
- Forget Nvidia: These 3 Artificial Intelligence (AI) Stocks Can Be the Next Stock-Split Stocks - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- Artificial Intelligence for small business focus of upcoming JWCC Lunch and Learn on Feb. 28 Muddy River News - Muddy River News - February 20th, 2024 [February 20th, 2024]
- Opponents Highlight the Environmental Impact of Artificial Intelligence - News-Press Now - February 20th, 2024 [February 20th, 2024]
- Generative AI's environmental costs are soaring and mostly secret - Nature.com - February 20th, 2024 [February 20th, 2024]
- Chapter Summary: Genesis of Artificial Intelligence and a Scientific Revolution: 1950-1979 - EIN News - February 20th, 2024 [February 20th, 2024]
- What would Thomas Aquinas make of Artificial Intelligence? - ACI Africa - February 20th, 2024 [February 20th, 2024]
- ChatGPT Predicted Bitcoin Price Will "Skyrocket" - Cryptonews - February 20th, 2024 [February 20th, 2024]
- Worried About an Artificial Intelligence (AI) Stock Bubble? Consider This Billionaire Investor's Advice. - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- This Super Artificial Intelligence (AI) Stock Could Be at the Beginning of a Terrific Bull Run - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- 5 Artificial Intelligence (AI) Stocks That Could Make You a Millionaire - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- Will AI replace Colorado teachers? Here's what experts say. - The Colorado Sun - February 20th, 2024 [February 20th, 2024]
- Nvidia Could Be About to Counter a Big Artificial Intelligence (AI) Threat With This Move - Yahoo Finance - February 20th, 2024 [February 20th, 2024]
- The Healthiest U.S. Pharma Companies: Ranked by RealRate's Impressive Artificial Intelligence - Medium - February 20th, 2024 [February 20th, 2024]
- Down 84%, Is This Artificial Intelligence (AI) Stock a Buy After an Earnings Pop? - The Motley Fool - February 20th, 2024 [February 20th, 2024]
- 'AI for Humans' may be the most entertaining way to learn about artificial intelligence - Fast Company - February 20th, 2024 [February 20th, 2024]