2023 is more than halfway done, and while an enormous amount of interest has been focused on Large Language Models (LLMs) and Generative AI, the real story is the continued growth of Edge AI and the progress in delivering on the promise of the Artificial Intelligence of Things (AIoT).
Price Waterhouse Coopers (PWC) estimates, the impact of AI on global GDP will be over $15 trillion in 2030, and the size of the AIoT market, based on numerous studies is between $1 Trillion and $2 Trillion. With the cost of cloud computing, storage and data transfer growing exponentially for inference and training, the real scaling to achieve the promise of AIoT comes from the development of Edge AI. The spectrum of Edge AI devices and solutions from Far Edge or Sensor Edge to Network Edge is vast and is a buzz of innovation.
From wearable or even implantable healthcare devices that could radically reduce preventable chronic health problems, or detect disease and hence enhance life and lifestyle, to intelligent autonomy that reduces traffic fatalities in automotive related accidents or even self-regulating agricultural management that maximizes environmentally conscious food production, the applications are numerous, and the innovation is ramping up. Rapidly.
The Wevolver team have done a stellar job to capture the drivers, the challenges, the technologies, the trends and demystify Edge AI. In a rapidly evolving landscape, this report is a great snapshot which is touches on a lot of the important aspects including the opportunities and the solutions along with a pragmatic look into the future of AIoT and lays the foundation for a wide variety of readers, from decision makers to enthusiasts. While no report can be exhaustive in this fast-moving space, the reader can explore, understand, and develop working knowledge of Edge AI, the markets it serves, the needs it meets along with the players and the rich variety of solutions from a growing ecosystem.
It has been a pleasure collaborating with the Wevolver team and the other luminaries of the industry including gold sponsors like Arduino, Arm, Edge Impulse and Sparkfun to bring this report to market.