AI Dynamix is designed for commercial and industrial purposes, and allows non-technical users to create sophisticated real-time AI-based IoT and Industry 4.0 solutions without writing code, the company said.

The addition of AI Dynamix to the Rayven platform means it now includes all of the elements necessary to build an end-to-end Industry 4.0 solution using only drag-and-drop interfaces.

AI Dynamix also allows the importation of any Python-based machine learning model, allowing faster deployment.

"This is a major step forward, not just for Rayven, but in the field of integrated AI and IoT solutions," said Rayven chief scientist Bernard Kornfeld.

"The new functionality means that businesses without deep data science experience can choose a Python off-the-shelf machine learning algorithm – or create their own from scratch – tailor and train it for their needs, and then deploy it in a very short time frame. This cuts costs by reducing the work required to a fraction of that which other solutions demand."

Rayven CEO Jared Oken said "This is a huge development in the market, and will enable our partners and customers to quickly adopt complex AI and machine learning algorithms, as well as find new ways to achieve their business goals.

"Many IoT platforms can ingest and display data, triggering alerts or actions, but Rayven's combined solution delivery platform is end-to-end because it combines traditional IoT technology with predictive analytics, all in a single drag-and-drop platform – it's incredibly powerful."

The company's plans include a continued expansion of its library of off-the-shelf algorithms.

"We want to further assist businesses looking to utilise cutting-edge AI technology, reducing time-to-value even further," explained Kornfeld.

"We started this journey a few years ago; we don't want to be Google, we want to be the best at end-to-end industrial and commercial IoT", he said.