With remote work on the rise and businesses leveraging digital platforms and services more than ever before, edge computing could be the solution for faster, cheaper, and more reliable data processing.

The global edge computing market size was valued at USD 4.68 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 38.4% from 2021 to 2028. Edge computing is transforming the way data is being handled, processed, and delivered from millions of devices around the world. The explosive growth of internet-connected devices, the IoT along with new applications that require real-time computing power, continues to drive edge-computing systems. Faster networking technologies, such as 5G wireless, are allowing for edge computing systems to accelerate the creation or support of real-time applications, such as video processing and analytics, self-driving cars, artificial intelligence robotics just to name a few.

For many companies, cost savings alone can be a driver to deploy edge-computing. Companies that initially embraced the cloud for many of their applications may have discovered that the costs in bandwidth were higher than expected and are looking to find a less expensive alternative. Edge computing might be a fit.

The massive shift to home-based work isn’t likely to ease anytime soon. In many cases, companies are discovering that they didn’t need expensive commercial office real estate, while employees got a taste of the flexibility and freedom from commuting that they will want to keep going. Some companies announced that employees will work from home on a permanent basis from now on. That’s why edge computing may be more important than ever. There’s already a strong business case to be made, including the ability for manufacturers to conduct preventive maintenance on production machines as well as products; the ability to deploy autonomous drones and robots to detect and observe issues in remote locations, such as oilfields or mines; or the ability to manage traffic flow within warehouses or construction sites.

As we are advancing to a more complex and digital world, edge computing will play a significant role on how fast the data is processed and transmitted to the end users. After delivering successful virtual conferences since 2020  namely Maintenance & Reliability – Industry 4.0 (3 Editions), Rotating Equipment Reliability Conference &  New Age of Cyber Security in Nov 2021, ParXcellence is taking a step to address the challenges and opportunities of implementation of edge computing through this one day virtual conference to be held in March 2022.

We look forward to hosting you.