The Edge Computing market size is speculated to reach $44.7 billion in 2022 and 101.3 billion by 2027. With technological advancements like powerful mobile devices and 5G, enterprises are now thinking beyond the mere data center and cloud system. This is where the edge computing system comes in and changes the game. When we talk about the power of edge computing, we have platforms like Midas.ai. It is an Azure private MEC-compatible vision platform that harnesses AI/ML to offer real-time analytics to make business models smarter.
What is Edge-Based Computer Vision?
Edge computing is computing that happens in proximity to the data source instead of relying on cloud networks. End devices are known as microservers, computing devices, laptops, phones, Edge-server, phones, or any devices that display the data processing from the front end.
On the other hand, computer vision is used in tasks that generally need human intervention. Edge computing is critical to computer vision operations as it improves response times, offers better security, and saves bandwidth than many cloud computing platforms.
The Prominence of Vision AI at the Edge
The Edge AI solutions facilitate better automated processes that can provide real-time actionable insights. Since agility and momentum are at the heart of most AI applications, edge AI can lessen the complexities and improve the accuracy of the operationalization of solutions. Certain modern innovations contributed to the growth of edge AI including neural networks, GPUs, and IoT. The fact that people have rapidly become comfortable with data collection through these innovations has turned AI into a valuable resource.
Why Should Enterprises Opt for Edge Computing Over Cloud Computing?
The most significant advantage of edge computing is the potential increase in network productivity by reducing latency. There is no need to move the accumulated data far away as far as it would in a traditional cloud setting. This is because IoT edge computing devices have the ability to manage private data.
Although IoT edge computing devices increase the overall security attack vectors, it also comes with some powerful safety features. Cloud computing structure is centralized which makes it highly vulnerable to power failures and exploitations from DDoS. On the other hand, edge computing distributes storage, computation, and apps across various devices and cloud services. This makes it challenging to disrupt service from a single disturbance.
Reduced Operational Costs
You’ll have to pay a hefty sum for data management, communication performance, and throughput features in cloud computing. Meanwhile, edge computing has a lower bandwidth demand, which makes it cost-efficient. A prominent sequence from the computer to the cloud is generated through edge computing that can collect a vast amount of data.
Edge computing collects, assesses, and conducts required actions on the collected data locally, along with collecting data for transfer to the cloud. While these activities have been accomplished in milliseconds, irrespective of the operations, it’s becoming vital to optimize the technical information.
Furthermore, it can be challenging to move large amounts of data in real-time inexpensively. Edge computing moves analytics tools closer to the actual data source, thereby eliminating the middleman. Therefore, this approach delivers cost-efficient resources for optimum efficiency.
The interoperability of edge computing makes it highly flexible. Businesses can easily reach markets without constantly spending on expensive infrastructure investments. Edge data centers enable everyone with minimal physical constraints to serve users effectively.
Furthermore, edge computing also makes it possible for IoT systems to gather actionable insights. The devices are always linked, running, and generating data for further evaluation rather than waiting for employees to log into devices and communicate with data centers.
How Edge-Based Computer Vision is Transforming Industries?
While Edge-based computer applications are limitless, below are the prime industries experiencing exciting development and innovation.
- Retail: AI holds the ability to learn to identify the interests of shoppers and demands through visual cues absorbed from edge devices. Whether employed as a virtual shopping assistant or even as a tool for gauging attitudes toward specific products or displays, smart cameras on the retail floor can assist retailers to modify their business in real-time to maintain a competitive edge.
- Healthcare: This is an industry where lives are at stake and there’s no scope for error. AI-integrated tools can provide immediate insights that are crucial. Furthermore, AI-powered by computer vision can offer immediate notifications without any latency, considering data doesn’t need to move to be processed, assisting get the accurate equipment to the right patient.
- Manufacturing: Factories have deployed security cameras across various floors. With computer vision, these devices can double their potential. This means automatically monitoring operations while tracking real-time hazards with alert automation.
- Construction: As an industry with the highest mortality rate, edge-based computer vision offers constant monitoring of construction sites. It can identify unsafe zones and restrict workers from entering, monitor heavy vehicle movement, and identify rule violations
Looking to leverage Edge-based computer vision? Try MIDAS!
Midas.ai is a revolutionizing Azure private MEC-compatible vision platform that leverages artificial intelligence and machine learning to deliver real-time analytics. The tool performs real-time video processing/analytics on data streams from different UE’s to efficiently manage various scenarios Midas.ai analyzes the visual data and derives data to enable real-time decisions, paving way for better efficiency, productivity, and profitability.