August 13, 2021
Edge Computing is a distributed computing paradigm that places computing, analytics, storage and other IT resources closer to the sources of inputs, triggers, data — at the ‘edge’ of the network, so to speak. The model works in concert with cloud computing services where appropriate (based on the specific Use Cases), and improves application response times, conserves network bandwidth and costs, and improves overall reliability. Importantly, while not dependent on new 5G wireless networking technologies, many applications are enhanced further when able to leverage the even faster, more reliable connectivity inherent in this new standard.
Research firm IDC predicts that as soon as 2025, every connected person in the world will have at least one digital data interaction every 18 seconds.
Edge computing was developed in response to the exponential and ongoing growth of Internet of Things (IoT) devices and applications, which connect to the internet either to receive information or stream data onto the network. Many IoT devices generate enormous amounts of data as they operate, and there are literally millions of new devices coming online each day. In many cases, exchanging all that two-way data with remote, cloud-based resources is some combination of bandwidth, speed, reliability or cost prohibitive.
Enter edge computing. From wearable computers on your wrist to wireless patient monitoring devices, smart utility grid nodes, crop management drones and many other applications, edge computing is already in use today. And research firm IDC predicts that as soon as 2025, every connected person in the world will have at least one digital data interaction every 18 seconds — likely from one of, by then, the billions of IoT devices in service.
This environment is expected to generate more than 90 zettabytes of data, which translates into more than 90 billion terabytes of data! Beyond the obvious, challenges also include security of all that data, management of that data and more. Portfolio company Teldio is working to address these challenges and enable clients to deploy integrated, well-managed edge computing applications at scale. One of the first new customer applications is being delivered this Quarter — an IoT-enabled Asset Tracking solution to monitor the status and movement of Automated External Defibrillator (AED) devices in the first of several airports.
But that is just the start. According to Grand View Research, by 2028 edge computing solutions are expected to represent a USD$61.1B global market, with a growth rate of 38.4% CAGR. Armed already with an established customer base and strong channel partnerships, including for example with Motorola, Teldio is moving rapidly to ensure they become a leading supplier of innovative applications into this market. We will be following their progress closely. teldio.com