Real-time processing and analytics accelerate manufacturing efficiency and contribute to predictive maintenance. Edge AI software is powering this revolution.
Manufacturing companies worldwide are under enormous pressure to remain competitive. In addition, the IoT and AI technology that sparked early interest is maturing into ongoing digital transformation programs. The use of industrial IoT to optimize operations has become so widely accepted as ‘Industry 4.0’.
Edge AI in manufacturing industry: Overview
A major contributor to the global economy is the manufacturing sector, which deals with machines and automation systems. Business Wire estimates that the industry contributes nearly 16% of the world’s GDP.
As the industry impacts the economy significantly, it has always undergone technical advancements. Recently, Industry 4.0 has gained lots of media attention; it involves digitizing using artificial intelligence.
Sensors and the Internet of Things (IoT) provide real-time visibility into supply chains, which has allowed manufacturing giants to absorb shocks and grow their businesses. There is no surprise that AI will contribute to the economy recovery.
Recently, manufacturing industries have invested significant funds into monitoring systems that use machine learning. However, monitoring each processing unit for component failures and anomalies in production lines is virtually impossible.
With the advent of Edge AI, manufacturing operations can be intelligent, efficient, and secure on the cloud. In addition, it is a significant hurdle to achieving this digital transformation.
Growth Factor
As per the Astute Analytica report, the Global Edge AI Software Market is forecast to grow at a CAGR of 29.8% during the forecast period from 2021 to 2027. As edge technology becomes increasingly prevalent in many industries, edge AI software is forecast to develop more in the coming years.
The meaning of Edge AI software
Edge AI refers to the class of ML architectures. In addition, the algorithms process the data at the network’s edge (the local point of data generation) instead of sending it to the cloud. Its very nature makes edge architecture an excellent tool for reducing the inefficiencies in existing systems.
In the manufacturing units, how does Edge AI work?
Using Edge AI, processing units are able to deploy a pre-built model near the data source or on edge. On the other hand, one should be aware that the model on edge will only score the training part if there is no computation power limit.
An Edge AI-powered manufacturing process offers many benefits, from supply chain management to automated assembly to predictive maintenance to automated fulfillment.
In what ways does Edge AI software benefit the manufacturing industry?
Maintenance Predictive: During predictive maintenance, algorithms are able to detect failures before they occur with the help of machine learning. Despite being in use for some time, predictive maintenance has proved hard to implement.
AI at the edge helps smooth out this process because it can process data near the boundary, making it simpler and more efficient to implement.
Monitor and control precision: The goal of industry 4.0 is to utilize data from multiple machines, processes, systems, and systems within the manufacturing unit for real-time smart control and decision-making.
The precision monitoring and controlling system rely heavily on data and Machine Learning algorithms. As Edge AI can aggregate, filter, and collect the data used by AI/ML algorithms, it is a perfect fit for this kind of analysis.
Monitoring based on conditions: Manufacturing units face challenges simply trying to retrieve data from the machines, processes, and systems. The biggest hurdle is that each manufacturing unit has its own data streams.
These streams are sent to the cloud, regardless of their use. After that, processing occurs. Using edge artificial intelligence near the data generation streams, one can filter out the useless data and use only useful streams in a cloud or locally.
