The global Internet of Things (IoT) market is expected to surpass $1 trillion in revenue in 2024 as the world recovers from the COVID-19 pandemic. In fact, enterprise IoT could take over 70% of his market share.
Against this backdrop, edge computing has the potential to dramatically improve data processing for mission-critical applications and accelerate the adoption of Industry 4.0. global dataa data and analytics company.
Kiran LargeDisruptive Technology Practitioner global datacommented: “Edge computing technology is the missing link in IoT. Processing data at the network edge instead of sending it back to the cloud or data center eliminates enterprise latency issues associated with the internet and network infrastructure.” We have more devices and more data.”
Abhishek Paul ChowdhurySenior Disruptive Technology Analyst at GlobalData commented: This enhances business privacy, security, scalability and resilience. “
GlobalData’s Innovation Radar Report, Scaling at the Edge: How Edge Computing Enhances Data Processinghighlights how edge computing is improving data processing in various areas across the technology value chain.
tech startups in california Wistron AiEdge (Wistron) created “ZigFleet”, an artificial intelligence of things (AIoT) and data-driven fleet management platform that enables administrators to efficiently monitor and manage fleets. It also helps reduce car accidents, guide less experienced drivers in new areas, and optimize fleet routes. This allows us to be more environmentally friendly in terms of energy use and carbon footprint while providing optimal productivity and profitability for your business.
Telecommunications access solutions company based in Israel rad has developed SecFlow, an Industrial Internet of Things (IIoT) gateway for remote end-to-end (E2E) asset monitoring. SecFlow’s edge computing capabilities enable local data processing by assets with many sensors instead of using centralized control systems. This allows you to work flexibly while reducing equipment costs and space requirements.
Dubai Integrated Economic Zone Authority (DIEZ) cooperated with UAE telecommunications giant Du and a US-based software development startup dark Develop smart city solutions. They aim to collect and combine data from IoT traffic cameras and sensors to enable infrastructure awareness while performing real-time edge analytics. This enables Vehicle-to-Everything (V2X) or 5G applications, actionable traffic, and safety insights to build effective city organizations and systems that improve quality of life.
Choudhury concludes: There is no doubt that this technology will help improve data management and analysis while significantly increasing the value of IoT initiatives. After that, more use cases will emerge as the technology matures further. “