TiRex on the Edge

TiRex emerges as a superior time series model for industrial applications due to its faster inference speed and lower energy consumption compared to competitors like Chronos-2, TimesFM-2.5, and PatchTST-FM. While its forecast quality, measured by the Continuous Ranked Probability Score (CRPS), is only slightly inferior, its efficiency in terms of latency and energy use makes it ideal for deployment on edge devices such as PLCs and industrial PCs. Tested on various hardware configurations ranging from Intel and ARM processors to NVIDIA and AMD systems, TiRex consistently demonstrates smooth performance, with ongoing development for an improved TiRex2 model expected soon.