End-of-year tax filing can be a daunting task for most people, especially if you’re not an accountant. The idea of spending money on a tax expert or spending hours filing yourself is not very appealing. However, what if you could complete the entire process with a digital assistant on your smartphone? On-device artificial intelligence (AI) has the potential to revolutionize the way we handle tasks like tax filing, saving us time and money in the process.
On-device AI is not a new concept, but most applications currently run in the cloud. While using the cloud has its benefits, it can also lead to technical challenges such as high latency and network congestion. Smartphone manufacturers are now embedding AI accelerators in high-end devices to support local AI inferencing, paving the way for a new era in the smartphone and PC markets.
The value of on-device AI is significant, offering benefits such as improved network latency, cost savings, support for future AI capabilities, enhanced data security, and model personalization. These advantages make on-device AI a game-changer for both consumers and enterprises, allowing for more efficient and personalized AI applications.
By leveraging on-device AI, consumers can become more productive and find new value in their devices. With the right productivity-focused AI applications, consumers may be more inclined to upgrade their devices more frequently. Similarly, enterprises can benefit from on-device AI by saving time and money on administrative tasks and enabling employees to be productive even when offline. The potential for on-device AI in various sectors, including manufacturing, healthcare, logistics, and telecommunications, is vast.
The future of on-device AI looks promising, with advancements in heterogeneous chipsets, small generative AI models, and increased collaboration among key stakeholders. By working together, independent software vendors, chipset vendors, and OEMs can drive innovation and create sustainable revenue streams through on-device productivity AI applications. The possibilities for on-device AI are endless, from smart glasses that offer real-time translation capabilities to hybrid AI architectures that distribute workloads effectively for maximum privacy.
Overall, on-device AI has the power to revolutionize the way we interact with technology and perform everyday tasks. As the market continues to evolve, we can expect to see more exciting developments in on-device AI that offer new value and convenience to users in various industries.