Why You Want to Learn About Edge Computing

Everyone knows that data is king in today’s digital world.

Whether from our devices or our online footprint, organizations are generating unprecedented amounts of data from everywhere we are. But the key is knowing how to use it.

As there seems to be a growth in cloud workloads and an onset of latency-sensitive applications , it’s important to know the most efficient and reasonable way to centralize data.

And that is where Edge computing comes in. Edge computing is the practice of processing data closer to its source, such as on local devices, gateways, or servers, instead of relying solely on distant cloud data centers.

You might be wondering why this matter? Who is this for? And the answer is simple – anyone looking to have a strategic advantage in today’s market.

Why Edge Computing is Important for Executives

For CEOs and CTOs, edge computing symbolizes a change in data-driven decisions and how they are made. Edge computing allows companies to make real-time decisions based off science and analytics – right then and there.

With access to information at your fingertips, business owners can be on top of issues as they arise, as opposed to lagging behind the competition.

Here’s why it matters:

• Safety First: By adopting an edge computer system strategy, you can help increase data safety. Because sensitive information can be processed locally, it will help reduce the potential exposure that occurs when accessing the cloud. This type of system also helps you to stay incompliance with data protection regulations.

• More Efficiency: Real-time feedback loops enable smarter automation, resource optimization, and streamlined workflows.

• Improve Real-Time Decision Making: Ever have an emergency or situation arise and find our a little too late? That’s not the best feeling, is it? That’s why edge computer systems are so vital to business in today’s digital world. Edge systems process data locally, and will help to minimize delays and help promote immediate action.
  
  This type of system is useful in almost every industry. But take manufacturing, for instance. Having access to this information means you can interfere in the even that there are equipment failures a.s.a.p. In the world of healthcare, it means better service to those in need.
• Reduced Costs: Because you will be using data at or near the source, it will help you budget because you won’t need to access the clous as much or at all.

Industries Leading in Edge Computing

There are multiple industries that are already enjoying the game-changing potential of edge computing:

• Transportation & Logistics – Currently, industry in transportation and logistics are using edge computing to help with development of autonomous vehicles to ensure route optimization. Edge computing also assists with predictive analytics for issues such as maintenance.
• Healthcare – Many patients rely on medical devices that are critical for monitoring and reporting issues to doctors. Edge computing is helping these mechanisms to improve.
• Energy & Utilities – Edge computing is helping to create smart grids and use remote monitoring to improve the infrastructure. In return, the industry is providing better service and care to customers.
• Retail – Enhancing in-store analytics, inventory tracking, and personalized customer experiences.
• Manufacturing – As mentioned before, edge computing is changing how manufacturing companies are able to have real-time control over quality and responses to issues.

Challenges to Consider

There are many advantages in adopting edge computing, but that’s not to say the industry isn’t without its challenges.

Here are some challenges in the the industry to date:

• Security – Data is sensitive and while edge computing can offer safer security for customers and clients, its key to make sure the information internally is also secure.
• Infrastructure Dynamics– Being able to keep an eye on multiple devices and networks will require proper and considerable amount of planning.
• The Cloud – There is still a challenge with making sure that communication with the cloud and other systems runs smoothly.

Recommendations for CEOs and CTOs

To harness the full potential of edge computing, technology leaders should:

1. Collaborate with Leadership – Join forces with other business leaders and executives to merge business goals and desires.
2. Start Small, Scale Properly– Preparation makes the whole thing run smoothly. Work with a consultant to help you navigate this process.
3. Consider the Use – Target the areas where real-time processing makes sense.
4. Invest in Infrastructure –Make sure you have the proper tools to make this happen.
5. Prioritize Security – Check all the boxes. Make sure you can add an encryption, or adopt authentication to have the highest level of security necessary. Cybersecurity is key.

The Final Thought

Edge computing isn’t just about how fast you can get the information, it’s what you do with it afterwards.

Having the ability to process data at the source is amazing, but make sure to follow a strategy so you know how to use it.

Sources

• Gartner: The Edge Computing Opportunity
• IDC: Worldwide Edge Spending Guide
• Forbes: How Edge Computing Is Shaping the Future of Business