Why organizations are betting on edge computing

By Author: Mr. TEAM MENTit (MENTit Both)
Affiliation: MENTit

Power of Edge

  • The Edge is a distributed computing concept that moves computation closer to the point of action or event occurrence.
  • According to the company, processing data at the edge enables for more immediate use of analytics and AI capabilities.
  • By 2025, according to Gartner, 75 percent of enterprise-generated data will be handled outside of the traditional data center or cloud.
  • To understand their intentions for edge computing, IBM polled 1,500 CEOs from 22 sectors and 21 countries.
  • By 2027, the worldwide edge computing industry, which was worth USD 3.5 billion in 2019, might be worth USD 43.4 billion.

 

  • On so many levels, the player that best utilizes linked IoT and 5G will win big. It will be able to revamp its network and improve the speed with which decisions are made.
  • Edge computing, according to executives, may improve operational responsiveness, energy efficiency, and business model innovation.
  • Organizations in our business will need to shift from a centralized cloud model to one that includes edge computing in order to be competitive.
  • Edge computing allows for new business models to extract hitherto untapped value from machine data.”
  • Industry innovation will be pushed to new heights thanks to edge computing capabilities.

 

      Expectations for edge computing from the perspective of industry disruptors

  •  Industrial and industrial infrastructure with a high return on investment
  • Consumer
  • Services

 

     On the edge of the future 

  • According to IDC, the number of edge apps will expand by 800% by 2024.
  • According to the survey, the most involved industries want to significantly boost their use of edge computing.
  • With a score of 96 percent, telecommunications companies have the greatest expectations for responsiveness.
  • Automotive CEOs have the highest hopes for five-year growth.
  • According to the poll, respondents in the energy and utility industries predict more responsiveness in the next five years.

 

     Preparing for tomorrow  

  • Edge computing is changing the way businesses handle, process, and use data.
  • Edge computing is already bringing benefits to some businesses.
  • Others are still figuring out how to use the edge's capabilities to generate responsiveness and new revenue models.
  • Organizations may use this action plan to better position themselves to take advantage of edge computing's benefits.

 

    How to gain an edge through edge computing 

  • How to use edge computing to get an advantage
  • Increase the amount of power available and the speed with which data is sent.
  • Curate data to make a difference.
  • Bring the applications to the very edge of the screen.
  • Take action in real-time.
  • Get a leg up on the competition.

 

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Disclaimer:
The views/opinions expressed in this blog by me as a MENTit user are my personal. MENTit or its promoters or other users may not share the same views or opinions as mine. If any copyright/trademark/patent/plagiarism/controversy issue emerges because of this article written by me, I, as an author, shall be the sole responsible for the consequences.

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