Here’s How Edge Computing is Transforming Business in these 8 Industries

The rapid growth of IoT devices coupled with unprecedented volumes of computing power and connected devices has resulted in vast amounts of data, causing bandwidth loss and latency issues. From reducing the load on the internet to fewer latency issues, faster response times, deeper insights, and lesser security risks, edge computing is the logical solution that every modern business needs to consider.

We live in an intelligent world surrounded by smart devices and rapidly evolving technologies. Everything we witness today, from remote work to surgeries, smartphones to smart cities, and self-driving cars to voice-controlled devices, are all possible because of edge computing. Edge computing paves the way for businesses to operate with maximum efficiency, safety, and performance.?

Manufacturing

Edge computing in manufacturing facilitates continuous monitoring by enabling real-time analytics, thus providing insights into product quality. These insights enable faster decision-making about the factory facility and manufacturing operations.

Financial Services

Banks hold vast amounts of customers’ personal data that need higher bandwidth capacity and storage space for safeguarding. Edge computing could be a game-changer for the banking and financial sector. By moving data processing closer to the banks, customers can receive faster and more secure banking experiences. Also, edge computing enables banks to analyze ATM video feeds in real-time and ensure additional safety.

Healthcare

Edge computing offers a lot of opportunities for the healthcare sector. When devices that measure heart rate, temperature, glucose levels, sensors, and other medical equipment record data, edge computing in combination with automation and machine learning, could identify patients with symptoms and take immediate action to help them in real-time.

Retail

Retail businesses also generate a large chunk of data from sales, surveillance footage, inventory IDs, and others. Edge computing can utilize this data in the right direction by personalizing customers’ shopping experiences, predicting sales and customer preferences, checking out details for specialized offers, and revamping vendor orders.

Autonomous Vehicles

While the new era of self-driving cars is making the automotive industry one of the fastest-growing industries, edge computing will further add more value to this industry. Taking autonomous vehicles to the edge involves receiving information about speed, traffic, vehicle speculations, road conditions, and other details in real-time.

Gaming

Online and cloud gaming require high-speed functioning for a better gaming experience. However, gamers often struggle due to high lag and latency issues, causing more delays in gamers' reactions. Edge computing can benefit gaming by creating edge servers close to the gamers, thereby reducing latency and providing a rich gaming experience.

Video Streaming

From cable connection to online streaming, the means of consuming content have changed rapidly over the years. While users seek to watch movies and videos in HD quality, on the other end, they also want a smooth streaming experience. The content delivery can be improved significantly by moving the load nearby and caching content on edge.

Telecom

Edge computing technology and 5G communications pose a powerful combination for telco application. With 5G combined with edge computing, users are able to enjoy extremely low latency on applications. As telco providers develop platforms and services that enable ubiquitous, high-bandwidth connectivity, their customers are better positioned to meet the demands in areas of greater importance such as healthcare, emergency response, manufacturing efficiency, traffic congestion, and industrial safety.

Edge computing is bringing a tremendous shift in business by unlocking the potential of data. It can help enterprises save time and money, establish autonomous systems, improve response times, and deliver deep insights. From shopping to entertainment,? farms to factories, and healthcare to manufacturing, Edge Computing is opening up new ways of building a smart world.