BonsAPPs provides an AI-as-a-Service Platform to unlock the economic potential of the Deep Edge for AI talents, SMEs and non-tech users across key European industry domains.
For the healthcare sector, AI enables new forms of treatment, such as extreme precision surgery, massive improvements in personalised medicine, as well as efficient administrative workflows. The health AI market is expected to grow to 5.3 billion EUR and generate value of 120 billion EUR by 2026 . The market for cognitive computing in healthcare is forecasted by Grand View Research to increase by more than 400% in the next five years, while the key technologies are Machine Learning and Natural Learning Processing.
The automotive domain and smart transportation in general is a key industrial sector for Europe, securing 12.2 million jobs, producing 22% of the vehicle worldwide (out of 90 million vehicles produced yearly worldwide), and generating a yearly trade balance over €100 billion. Advanced Driving Assistance Systems (ADAS) and autonomous driving functions which represent a major growth pillar for the automobile industry is a major application field for Edge AI.
According to EFFRA (European Factories of the Future Association), the number of the European enterprises active in Manufacturing amounts to 2 million. They employ 31 million persons, which represents 14% of direct jobs in Europe. Further, the Manufacturing sector generated 5.8 trillion Euro in 2009. EU exports consist mainly of manufactured products: their share has annually been more than 80 % of total EU exports. AI in general and Edge AI will play a major role in making the manufacturing systems more efficient and more autonomous which increases the competitiveness of the European manufacturing industry.
The global market for industrial and non-industrial robots is estimated to 103 billion USD in 2020 and will double in 2025 to reach 209 USD. Autonomy, adaptability to changing environments and the ability to interact with humans will be the key differentiators of next generation robotic systems. Edge AI is considered as one of the most critical enabling technology to build those robotics systems.