What Is Edge Computing and Why Does It Matter for Businesses?
ByLast Updated April 24, 2023
The market for edge computing solutions is expected to increase from $36.5 billion in 2021 to $87.3 billion in 2026. The enterprises are responsible for the majority of this growth percentage. Enterprises have experienced a remarkable shift in computing resources by migrating from their own data centers to the cloud. However, with the rise of powerful mobile devices and highly capable cellular networks such as 5G, enterprises are looking beyond their data centers and current cloud systems and toward edge computing systems.
But what exactly is edge computing? Let us investigate.
The market for Edge Computing
What exactly is Edge Computing?
Edge computing systems are a modern, distributed computing architecture that brings Moving computation and data storage closer to the source of data saves bandwidth and improves response time.
Developers can build use cases such as: harnessing and working with the computing power available on remote premises such as retail stores, warehouses, factories, and so on.
- Latencies have been significantly reduced.
- Reduced network bandwidth demands
- Increased data privacy for sensitive information
- enabling operations even when networks are down
However, how does the definition of edge computing technology translate into actual edge computing use cases? [Read also: What is edge AI?]
What Are the Advantages of Edge Computing?
The benefits of edge computing solutions can be viewed as an enhanced version of cloud computing capabilities. For businesses, this means faster delivery.
1. Maintenance Predictive
Edge computing solutions have grown in popularity in industries where high-value assets can cause massive losses if they fail. Edge computing, with its lightning-fast speed, allows businesses to deliver reports in seconds that used to take weeks.
Working enterprise computing examples of predictive maintenance can be found in the oil and gas industry, where edge computing assists with proactive pipeline management, identifying defects, and preventing further failures.
2. Remote Workforce Support
Because of the pandemic, businesses have resorted to remote working, dispersing employees across the city or even around the world. This transition from an in-office to a work-from-anywhere model is an excellent use case for edge applications. Businesses leaning toward They are also looking into ways to provide a system for employees to access corporate systems via the remote workforce.
Here are some of the ways an edge computing solution can help a distributed team –
- reducing the amount of data that must be moved across the network
- Giving you computing density and flexibility
- reducing data redundancy
- Taking care of regulatory requirements
3. Improved Response Time
Businesses can significantly reduce latency by deploying the computational process near the edge devices.
For example, if an employee wants to deliver an urgent message to another employee on the fifth floor, it will take time for the message to be routed outside the building, communicated with a server located somewhere in the world, and then delivered.
Consider this: this use case revolved around a single message. By 2022, half of all enterprise data will be created outside of the cloud. This means that with edge computing, this information set will be transmitted almost instantly.
4. Data Safety
Businesses today rely on data more than ever before. The information pertaining to both their business and their clients. Processing massive amounts of data are now much more efficient and secure when done close to the data source.
When businesses use cloud computing to store data, all of the information is typically stored in a centralized location that is vulnerable to hacking and phishing attacks. However, when the data is transferred to an edge-computing architecture, Because it is not reliant on a single point of application or storage, it gains an additional layer of security. It is distributed to a variety of devices.
Finally, in edge computing solutions, even a phishing attack does not result in a complete shutdown because the compromised section of the network can be disconnected before it affects the entire network.
5. Increased IoT Adoption
Enterprise spending on IoT systems is steadily increasing.
Spending by businesses on IoT systems
IoT has found a place in the business world, primarily in manufacturing units and industries that rely heavily on connected devices. Now, for businesses looking to scale up their computational capabilities in order to incorporate IoT into their processes, With edge computing technology installed in the enterprise, IoT adoption becomes very inexpensive and places almost no strain on the network's
bandwidth. Businesses that use edge computational capability can enter the lucrative IoT market without incurring significant infrastructure costs.
6. Reduced IT Expenses
Global enterprise spending on cloud solutions is increasing. The pandemic has only accelerated this trend, with employees increasingly working from home and more data being stored and processed in the cloud.
Spending by businesses on cloud solutions
When data is moved closer to the network's edge, the cost of sending it to the cloud is reduced, allowing businesses to save money on IT. In addition to trimming edge computing services play a role in increasing revenue by providing businesses with the data transmission speed and network they need to test new models.
So those are the various ways in which edge applications assist enterprises in scaling up to their next best version. As an entrepreneur reading this, you may be wondering, "Who are the edge computing companies I need to contact?" Should I abandon cloud computing in favor of edge computing? Allow us to get you the answers.
edge computing solute
What is the Difference Between Edge Computing and Cloud Computing?
While both cloud computing and edge computing involve storing data and distributing it to users as needed, there are some significant differences between them.
The distinction between edge computing and cloud computing
After reading this distinction, you must be wondering if edge computing is even appropriate for your business. So, here's how we assist our clients in making their decisions. If your company has multiple locations or you need to reduce latency for customers who are not close to the headquarters, this could be a good move for you. Another way to decide is to examine your current computing requirements and see if you notice any significant latency issues or if you see a pattern for your organization
Which are the Best Edge Computing Firms?
To quickly deploy edge computing capabilities in the enterprise, you would need to contact some of the top edges enterprise providers. In addition, you would require the assistance of an enterprise software development services provider, such as Syoft, to assist with the integration.
When it comes to the best edge computing providers, we recommend the following:
1. Amazon Web Services (AWS)
They provide a consistent experience via a cloud-edge model and provide solutions centered on AI, IoT, Analytics, and other technologies.
Dell through their OpenManage Mobile functionalities provides edge computing orchestration and management services.
ClearBlade is a third option. They recently released an Edge Native Intelligent Asset Application, which allows an edge device to be used.