Businesses using AI face challenges including latency, memory usage and costs for running an AI model.Larger models are generally more accurate but require substantial computation and memory resources.Model compression techniques reduce the size and computational demands while still maintaining the model's performance.Model pruning removes certain parameters and speeds up the model's inference times and reduces memory usage.Quantization reduces precision of model's parameters and computations, leading to a significant drop in memory footprint and quicker inference speeds.Knowledge distillation involves training a smaller model to mimic a larger, more complex model.Adopting these strategies increases operational efficiency and makes AI a more economically viable part of operations.Companies can reduce reliance on expensive hardware, deploy models more widely and ensure AI remains a viable part of their operations.These strategies optimize ML inference for real-time AI solutions where speed and efficiency are critical.Small models perform fast and efficiently, providing users a seamless experience with practical and cost-effective AI solutions.