Manufacturing can use IoT devices to provide data on equipment usage. These statistics help organizations make decisions about predictive maintenance, which provides extra cost savings over traditional scheduled maintenance.
The edge shines in healthcare where it can be used with AI to help detect health issues more swiftly. It can also help remotely monitor patient health and wellness.
When it comes to transportation, an accident can take place in less than seconds. With autonomous vehicles gaining popularity, it’s important that the data the vehicle collects is processed as fast as possible – and edge computing can cut this processing time.
In agriculture, the edge enables smart farming. Environmental monitoring can help farmers keep track of pH levels, weather, and more, leading to more productive seasons.
In education, the edge can provide better application of extended reality, like augmented reality or virtual reality, which need high bandwidth and low latency to deliver the best learning experiences.
“Worldwide spending on edge computing is expected to be $176 billion in 2022, an increase of 14.8% over 2021. Enterprise and service provider spending on hardware, software, and services for edge solutions is forecast to sustain this pace of growth through 2025 when spending will reach nearly $274 billion, according to the International Data Corporation.” (IDC)