The IDC forecasts the global edge computing market to reach $250 billion by 2024, with a compounded annual growth of 12.5%. No wonder the industry is talking about Edge Computing. 

Edge computing is one of the "new revolutionary technologies" that can change organizations wanting to break free from previous limitations of traditional cloud-based networks. The next 12-18 months will prove to be the natural inflection for edge computing. Practical applications are finally emerging where this architecture can bring real benefits.

91% of our data today is created and processed in centralized data centers. Cloud computing will continue to contribute to businesses regarding cost optimization, agility, resiliency, and innovation catalyst. But in the future, the "Internet of Behaviors (IoB)" will power the next level of growth with endless new possibilities to re-imagine the products & services, user experiences, and operational excellence. The IoB is one of the most sought-after and spoken-about strategic technology trends of 2021. As per Gartner, the IoB has ethical and societal implications, depending on the goals and outcomes of individual uses. It is also concerned with utilizing data to change behaviors. For instance, with increased technologies that quickly gather dust, information can influence behaviors from feedback loops during times such as COVID-19 monitoring.

IoT, IIoT, AI, ML, Digital Twin, and Edge computing are at the core of the Internet of Behaviors. As per Gartner's research, about 75% of all data will require analysis and action at the Edge by 2022. Organizations have been debating what separates edge computing from the other traditional data processing solutions. Also, whether it is excellent for their business and to what extent is a hot topic. 

The foundational principles of edge computing are relatively simple to comprehend but understanding its benefits can be complex. Edge computing can provide a direct on-ramp to a business' cloud platform of choice and assists in achieving flexibility to facilitate a seamless IT infrastructure.

Companies need to know about edge computing and the benefits it provides, whether they intend to step into the IoT market or are searching for more efficient paths to deliver content services. This article will address all one needs to know about edge computing and its means for your business.

What Is Edge Computing?

It is a distributed computing model where computing is conducted close to the geographical location of the data collection and analysis center, overusing a centralized server or Cloud. The improved infrastructure uses sensors to gather data, while the edge servers safely process data on-site in real-time. 

By miniaturizing the processing and storage tech, the network architecture landscape has experienced a massive shift in the right direction, where businesses can worry less about data security. 

The present-day IoT devices can quickly gather, store, and process vast amounts of data than they could before. This creates more opportunities for businesses to integrate and update their networks to relocate their processing functions in proximity to the data gathered at the network edge to be assessed and applied in real-time closer to the intended users. 

Since the data is not required to return in a circle to the central server for an IoT device to grasp what function has to be executed, edge computing networks play a vital aspect to decrease latency and improve performance. The speed and flexibility that can be observed by this method of managing data show us that organizations are at the cusp of experiencing data analysis and storage with groundbreaking convenience.

Why is Edge Computing relevant now?

Edge computing is essential now because it is an upgrade for global businesses to improve their operational efficiency, boost their performance, and ensure data safety. It will also facilitate the automation of all core business processes and bring about the "always-on" feature. Edge computing holds the key to achieving total digital transformation of conducting business more efficiently.

Edge technology is relevant today as it's empowered by new technologies such as 5G, Digital Twin, and Cloud-native Application, Database, and Integration platforms.