Embedded AI Market: Transforming Data Analysis Processes
Polaris Market Research & Consulting, Inc.
Market Research | Industry Analysis
Artificial intelligence has already taken over virtually every industrial segment globally, ranging from autonomous automobiles to writing entire research papers using relevant statistics. AI has helped streamline workflow in everyday life as well with the use of voice assistants who help us carry out menial tasks, which might be time-consuming in the current era as responsibilities on an individual have now increased. Embedded AI through the use of devices such as smartwatches and automated lighting systems in homes is transforming the world around us.
Want to know the basics of embedded AI and how it works? This blog has all the details regarding the integration of AI into embedded systems and their various applications. Stick with us!
Embedded AI and its Relevance in Everyday Life
Embedded AI is a system of AI functions that are built into edge devices that perform real-time analysis of the data it receives and deliver accurate results with the help of sub-branches of AI such as machine learning and neural networks. Put simply, Embedded AI carries out analysis of the information within the device without being connected to the Internet.
Embedded AI bridges the gap between electronic devices and their physical surroundings. Traditionally, cloud computing was used, which helped in gathering and processing information through remote servers. However, the prerequisite for this to happen was the constant requirement for connectivity to the Internet. Embedded AI aims to take away this obstacle by installing the AI directly into the device in order to assess data instantaneously by identifying a pattern and offering precise and customized results.
Why Embedded AI is Gaining Traction?
Rapid delivery of results
Analysis of data received by the embedded AI system in devices such as smartwatches and smartphones helps in the quick delivery of outcomes, reducing the response time that was encountered using cloud-based infrastructure. By performing instantaneous processing of data, there is less delay in the response time of providing results as hindrances are not encountered when processing information remotely via the Internet.?
Offline functioning of devices
Embedded AI allows for the offline working of embedded AI system devices as connectivity to the Internet, especially the cloud, is not required for the analysis of information. Embedded AI sources information from the immediate surroundings of the device, helping in the precision of the outcome of the results, such as in Smartwatches. These gadgets can be used in any terrain and form of physical activity, such as hiking or walking, and still perform functions such as heart monitoring and measuring blood glucose.?
Beneficial in a variety of industries
Embedded AI has practical purposes due to its key advantage of conveying results without minimum error. This aspect is imperative in industries such as healthcare, where it can detect viral infections such as the Zika virus and even alert users to maintain social distancing during the COVID-19 pandemic. It is also used in medical devices such as defibrillators to analyze irregular heartbeat and provide an electric shock to the patient for resuscitation. The Transportation sector employs it to reduce traffic congestion, while the retail sector uses it to streamline inventory stocking.?
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Major Companies in the Embedded AI Market
Technological companies have now shifted their focus towards AI, especially embedded AI, as this specialized type of AI helps reduce dependency on Internet connectivity, thereby making it a ubiquitous technology. Some of the top companies offering embedded AI solution are:?
Oracle is an American Multinational Corporation founded in 1977. Its headquarters are in Texas, USA and the company has numerous manufacturing facilities globally. It leads in the technology segment, providing various solutions in both hardware as well as software categories such as JAVA and Linux. It also provides insightful AI solutions that help businesses work efficiently.?
Graphcore
Graphcore is a British technology corporation founded in 2016 focussing on providing AI solutions such as AI accelerators which help speed up processes such as machine learning algorithms and Internet of Things applications. Graphcore also provides the structural framework, which is a prerequisite for AI supercomputing.?
Huawei
Huawei is a Chinese multinational corporation that was founded in 1987 in Shenzhen, China. It has launched products in various technological sectors, such as electronics, telecommunications, and even fiber optic cables. In its smartphone manufacturing sector, it has launched Huawei AI Life, which connects to all smart devices that individuals want to connect to, thereby easing accessibility.?
Wrapping Up
Artificial intelligence by itself has brought a massive change in how we manage our everyday tasks, right from our morning routines to monitoring our sleeping patterns. Embedded AI has now been integrated into our devices as well as our lives. In reducing the time it takes to provide results as well as removing the need to be connected to the Internet, Embedded AI has helped in real time analysis of information in different locations as well as for different functions.