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Next Gen Econ > Debt > Tech Talk: 7 Reasons TinyML Is the Next Big Thing
Debt

Tech Talk: 7 Reasons TinyML Is the Next Big Thing

NGEC By NGEC Last updated: December 10, 2024 8 Min Read
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TinyML, or Tiny Machine Learning, is changing how people think about artificial intelligence and the ways it can be applied in everyday life. Machine learning can assist with various things day-to-day and TinyML has a number of benefits, including reduced latency and increased efficiency. That said, you might be wondering what TinyML is and why it’s the next big thing in tech. Here’s what you need to know. 

What is TinyML? 

As mentioned above TinyML stands for tiny machine learning. This field of machine learning focuses on developing models and applications that can run on low-power devices. That means that you don’t need some all-powerful machine to get the data or information you need. TinyML makes it possible to perform sensor data analytics on devices with extremely low power consumption. 

Thus far, TinyML has been used for a wide range of things, such as identifying illnesses in plants by taking a photo, pinpointing issues with machines in industries, preventing the spread of illnesses like malaria in healthcare, and monitoring whales during strikes in busy shipping lanes. 

So, what does all this mean for the world of technology? And what are the advantages of TinyML? 

1. Enables AI on Resource-Constrained Devices

Did you know that 97% of mobile phone users are utilizing some kind of artificial intelligence on their devices? On top of that, Pew Research found that 27% of Americans are interacting with AI constantly or several times throughout the day every day. Some of that is thanks to TinyML. Tiny machine learning makes it possible to run AI models on low-power, resource-constrained devices like microcontrollers and sensors. Unlike traditional ML models, TinyML models are designed to use minimal memory and processing power. Ultimately, this opens up more opportunities for AI in applications like smartwatches, home appliances, and potentially even toys. TinyML can unlock even more potential for AI.

2. Reduces Latency with On-Device Processing

You probably store most of your data on a cloud of some sort, whether it’s Google, Amazon, or another server. Believe it or not, tiny machine learning has an impact on how this process works as well. TinyML eliminates the delays caused by sending information to cloud servers. This low-latency approach is crucial for real-time applications like autonomous drones and medical monitoring devices. On-device processing ensures faster response times, which can be lifesaving in critical scenarios. It also enhances the user experience by making devices more responsive. Moreover, TinyML reduces network dependency, ensuring consistent performance even in areas with poor connectivity. The result is smarter, faster, and more reliable edge devices.

3. Improves Energy Efficiency

In a world where we are all focused on being more energy efficient, TinyML can help. This is because it improves energy efficiency by allowing machine learning computations to occur directly on edge devices with limited power. That means that tiny machine learning eliminates the need to send large amounts of data to a cloud server for processing. Overall, this reduces energy consumption and extends battery life on devices like IoT sensors. Because TinyML is designed to operate within the constraints of battery-powered devices, it has become an eco-friendly tech solution. 

4. Enhances Privacy and Security

Again, because everything can be processed on edge devices with TinyML, it can actually enhance privacy and security. This is because it reduces data transfer, limits access to raw data, and processes everything on one device. In a world where large-scale hacking incidents are a reality, tiny machine learning can significantly reduce the risk of data breaches. Industries like healthcare and finance, where privacy compliance is non-negotiable, can benefit immensely from this added layer of security. TinyML provides a secure foundation for AI adoption across sensitive sectors.

5. Supports Seamless Offline Functionality

Because TinyML doesn’t rely on constant internet connectivity, it allows devices to operate offline. This could open up new possibilities for deploying AI in remote and underserved areas. For instance, disaster relief operations can use TinyML-powered devices for real-time decision-making without needing a network. Something like this would have been extremely helpful in the aftermath of Hurricane Helene in Western North Carolina. Offline functionality also ensures uninterrupted performance in critical applications like wearable medical devices. By removing the dependency on cloud connectivity, TinyML creates robust systems that function reliably anywhere. This feature significantly expands the reach of AI to new environments and demographics.

6. Drives Cost Savings for Businesses

Adopting TinyML can lead to significant cost savings by reducing cloud computing expenses. With data being processed locally, businesses can cut down on bandwidth and storage costs. It also minimizes the need for expensive hardware, as even basic microcontrollers can run TinyML models. These cost efficiencies make AI accessible to startups and small businesses, not just tech giants. Additionally, TinyML can optimize business operations, reducing waste and increasing productivity. The affordability of TinyML democratizes AI, accelerating innovation across industries.

7. Catalyzes Innovation Across Industries

From healthcare to agriculture, TinyML is driving innovation in various sectors. In smart agriculture, it powers low-cost sensors for real-time crop monitoring. In healthcare, TinyML enables portable diagnostic devices that work without internet access. The technology is also transforming manufacturing with predictive maintenance tools that improve efficiency. Even in education, TinyML is creating interactive tools to enhance learning experiences. Its versatility ensures that almost every industry can leverage its capabilities. TinyML is not just the next big thing; it’s a game-changer.

TinyML Is the Future of AI

TinyML is changing how people think about artificial intelligence. Its ability to operate offline, enhance privacy, and reduce costs has made it an ideal solution for a number of different businesses in various industries. It has the potential to unlock new opportunities. Tiny machine learning also aligns with goals for sustainability and demand for real-time applications. This has made it the next big thing in the world of technology. The future of AI is tiny, and it’s here to stay.

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