KEY POINTS

  • Edge computing is a data processing model that offers users an alternative to cloud-based IoT data analysis and management. It allows users to reduce data transmission and cloud storage costs by processing data near where it’s produced, instead of sending it back to the cloud or a remote data center.
  • These systems are becoming more sought-after parts of the wider IoT ecosystem. According to Business Insider Intelligence’s 2017 Global IoT Executive Survey, 40% of companies that provide IoT solutions reported that edge computing came up more in discussion with customers in 2017 than it did the year before.
  • Edge computing can help companies in a number of industries, including healthcare, telecommunications, and the automotive space, address specific problems with cloud reliance. These include security issues, access issues, and transmission efficiency concerns.
  • In healthcare, companies and organizations are using edge computing to improve telemedicine and remote monitoring capabilities.
    • Edge computing systems like local edge-based databases help to improve security and collect and analyze data from sensors and other devices around a hospital. This keeps data within the organization’s confines and under its control, making it simpler to ensure that data is kept secure and comply with privacy regulations. 
    • Edge computing systems can improve access to digital technology in healthcare by adding local processing and analysis capabilities to ambulances and remote monitoring devices, offering healthcare providers more data.
    • Using an edge computing solution can also reduce data storage needs in healthcare by analyzing locally, finding key points, and discarding what’s no longer needed. One study found that using edge systems for remote teletherapy for treating Parkinson’s disease could reduce data storage needs by 99%.
  • For telecoms, edge computing is helping to reduce network congestion and enabling a shift toward the IoT platform market. 
    • A secure experience is paramount for any company choosing an IoT platform provider. However, every time data is transmitted to the cloud, it is temporarily vulnerable to interception, making it difficult to provide this assurance. Offering an edge computing solution can help telecoms win more business in the IoT platform market by luring customers focused on security. 
    • While telecoms generally offer broad network coverage, there are still areas where they’re unable to broadcast a signal for clients. A telecom that’s looking [...]