The Future is Edge Computing, and Edge Computing is the future.
When we think of “high speed” we think “instant.” With our world already more connected than ever, and the fact that it is still day one compared to the number of connected devices (nodes) coming online in the next five years or even the next five months. With all of these new IoT devices demanding “instant” processing our cloud infrastructure cannot process all this data, this is where ‘edge computing’ comes in.
We are not talking about use cases where your Fortnite game lags (however important that seems to you), we are talking about life and death use cases. Maybe its the drone technology bringing you a defibrillator on the 9th hole like Orlando Startup Archer First Response is doing.
Soon as autonomous semi trucks are speeding down our highways, in addition to its cargo will be carrying a supercomputer and sensors a multitude more advanced than technology that took us to space or won either world war. It is critical the sensors inputting data to the onboard computer be instant…otherwise, it could end in catastrophe.
Many wonders when autonomous driving will get here. The answer is, it’s here. The infrastructure and ecosystem to support it (both legislatively and in this case technologically) are still catching up.
Edge computing, which coins its terminology because it enables connected devices to process data originated at the ‘edge,' bringing processing near or within the connected devices themselves.
Edge computing offers IoT devices alternatives to cloud computing. The ability of devices to utilize edge computing is useful because many predict within 18 months the average person will generate 1.5 GB worth of data per day. Fast forward ten short years and grainhouse.io goes on record to believe that number will increase to 1.5 GB per hour.
IoT devices adopting edge computing will not hurt cloud computing. On the contrary. Think of it as logistics companies look for ‘last mile’ services providers. We believe ‘edge computing’ will serve at the device level with an ever-increasing cloud infrastructure supporting it. Edge computing will allow the cloud computing space to continue to grow while also creating (our estimate) a 7B+ global edge computing market cap but 2024.