Tag: Empowered Edge
Everyone in the manufacturing world faces the fear of going bust if they do not adopt digital transformation. That is a given and yet we can all agree that digital transformation doesn’t happen overnight.
Currently, enterprises encounter several challenges on their digital transformation journey. One among them is to learn to create and use data through a product life cycle that creates flexible manufacturing processes. Such processes can respond instantly to changes in demand at a low cost to the firm without damage to the environment.
Are you a manufacturer with global aspirations? Do you need to accelerate lead times and product customization? If so, then you may encounter these common business challenges:
- Need for critical infrastructure in remote locations.
- Need for tailored and full-custom design with high quality and ruggedness that fit your specific requirements.
- Need for a simplified supply chain that enables you to get to market quicker and realize faster time to revenue.
- Need to maximize efficiency in the supply chain and ultimately reduce lead time.
- Need to ensure product longevity by providing the same time-zone technical support. And to provide personal support services with the ability to decrease lead times.
Technologies such as 5G, edge computing, and cloud have been pushed further into the limelight especially over the past year, in the wake of the pandemic. As enterprises react to the changing world, these technologies are now emerging at the forefront as a necessary component of network infrastructure.
Read more: Take a Look at How 5G is Reinventing the Way We Work
How Do 5G, Cloud, And Edge Computing Unlock Enterprise Opportunities?
5G, cloud, and edge computing have become major areas of interest and investment at the enterprise level. They provide real-time insights, analytics, and business benefits that can be used once mission-critical latency issues are resolved.
5G, Edge Compute, and Cloud technologies are an emerging set of solutions. When orchestrated together these can enable a spectrum of benefits that are contingent on industry, maturity, and technology. These are complementary technologies that work together for most use cases.
What unlocks the enterprise opportunities is to marry new and existing technologies to create machinery that is as proactive and predictive as the best workers. Edge computing, cloud, and 5G connectivity can be combined to supercharge real-time decision-making and improve quality assurance throughout the supply line.
How would you like it if you can predict the future? Or if you could see the possible problems and correct them before they happen? 5G, edge computing, and cloud promise to give you that ability! These technologies are in a symbiotic relationship.
Cloud contains unlimited resources. Powered by 5G, AI models can continuously update and adapt to situations within the enterprise. This virtuous feedback loop delivers real-time results. Plus, it delivers ongoing improvements over time, as the entire system across the enterprise learns and improves from prior experiences.
This can greatly improve the productivity of your employees. Also, it can save costs tremendously as it can reduce downtime. Here are some specific ways in which 5G, edge computing, and the cloud can benefit the industry.
Read more: How 5G Will Boost Enterprise Investment In Cloud
Cloud For Responsive Resilience
In the past when enterprises needed to deploy applications using their equipment, they had to ensure that their server, memory, and processing power were equipped to run the application efficiently. Any misjudgment could have a cascading effect throughout the enterprise. However, the cloud provides infinite opportunities.
What enterprise opportunities does this provide? It provides what all enterprises need more than ever: increased speed, resilience, and flexibility.
Bringing cloud intelligence to their IT networks can be very beneficial in performing preventive maintenance, making decisions in real-time, and keeping data more secure. It allows for automated decision-making while saving bandwidth costs.
By leveraging cloud capabilities, enterprises can reduce overall costs. They can benefit from automated one-click deployment and realize higher value from data. This contributes to resilience. Resilience is more important to enterprises that are struggling during major disruptions like the pandemic.
Read more: Why It’s Time to Embrace Cloud and Mobility Trends To Recession-Proof Your Business?
5G Can Help Process Information Across The Enterprise
5G technology enables enterprise connectivity, remains powerful, and is constantly updated. 5G enables all the machines and modules to function at the same speed, reliability, and security as we expect from our phones. In other words, it prevents loss of time due to hanging or buffering associated with the mobile networks.
5G will deliver multiple benefits to those who adopt it:
- Provides ultra-reliability and security. It is far more efficient than any wireless mechanism.
- Since 5G eliminates the need for wired connectivity, it enables a high-speed environment with higher flexibility and lower latency.
- Provides the ability to handle mass customization and personalization.
- 5G augments IoT capacity to support device density and data volume
- Improves productivity as it reduces failure rates.
Read more: Top Business Drivers that Boost Legacy Cloud Migration
Edge Computing Can Help Deploy Technology With Unhindered Network Performance
Edge computing can reduce pressure on data centers and service provider networks. Plus, it preserves bandwidth and brings real-time processing close to users and their devices. Here are specific ways in which edge computing can prove advantageous:
- Maintain competitive edge: Edge computing can provide the ability to use data from various machines, processes, and systems to adapt the manufacturing processes in real-time. It can support precision monitoring of the production line. This enables swift operational responsiveness to unforeseen events. Additionally, it can gather data from connected systems and devices in real-time. Hence, manufactures can now analyze data at the point of creation leading to faster and more informed decision-making within the enterprise.
- Helps seize the opportunities that data and performance-intensive technologies present: Edge computing can empower employees and streamline workflows. It can enable smarter supply chains and improve employee safety and productivity.
- Documents at fingertips: Edge computing can provide workers easy access to documents, new workflow instructions, real-time videos and images, and new product updates. This can increase greater efficiency despite social distancing protocols in the current scenario.
Gain a Competitive Edge with Next-Gen Technologies
With IoT deployment on the rise, enterprises are increasingly adopting 5G, cloud, and edge computing. These technologies provide a competitive advantage by reducing unexpected downtime issues. Hence, the enterprises enjoy improved overall efficiency.
The convergence of these technologies can increase agility and resilience. These technologies can be leveraged to establish enhanced productivity, customer satisfaction, and increased ROI. Hence, 5G, cloud, and edge computing technologies must form an important part of any post-pandemic strategies. You must be eager to get started on gaining that competitive edge. Let’s get talking and make that happen!
Technology Trends 2024 – Watch out for the “platform-itization” of emerging technologies
Most of us, technology geeks or not, are eager to stay first in line to catch up with the latest game-changing technology trends. Here we are to know which technologies will thrive in future!
The Potential Technology Trends You Need To Explore In 2024
Have you ever looked up at the sky and clapped your eyelids on a bat? This is commonplace. But what if it was a drone. Or would it be a flying fleet? Since we don’t belong to the Jetsons family, the latter is not expected but we are close to it! This year is definitely a transformative year for technological innovation!
According to Gartner, the Top 10 Strategic Technology Trends for coming years are Block chain, Artificial Intelligence, Empowered Edge, Privacy and Digital Ethics, Quantum Computing, Immersive Experiences, Augmented Analytics, Autonomous Things, and Digital Twins!
This is just the tip of the iceberg. Following are the emerging technology trends and catalyzing technical innovation that we can expect to see more of in future!!
Related Reading: Find how digital innovation is transforming today’s business world.
1. Blockchain Technology – The ‘New Internet’
Some call Blockchain technology the ‘New Internet’. The blockchain is the brainchild of a person or group of people known by the pseudonym, Satoshi Nakamoto. It permits digital information to be distributed but not duplicated.
It was first devised for the digital currency, Bitcoin. It is also called the “digital gold”. To this day, the total value of the currency is nearly $112 billion US!
“Blockchain solves the manipulation problem”, says Vitalik Buterin, inventor of Ethereum.
2. Artificial Intelligence (AI)
Apart from AI-powered chatbots, This year will witness chip manufacturers such as Intel, NVIDIA, AMD, ARM, and Qualcomm shipping specialized chips that speed up the execution of AI-enabled applications.
This year will also be the year for hyperscale infrastructure companies like Amazon, Microsoft, Google, and Facebook.
Related Reading: Check out the top AI trends
3. Cloud-independent edge computing
The study from IDC illustrates that 45 percent of the entire data created by IoT devices will be stored, processed, analyzed and acted upon close to or at the edge of a network by 2024! Edge computing is a mesh network of data centers that process and store data locally before being sent to a centralized storage center or cloud.
4. Privacy and Digital Ethics
Facebook, recently witnessed the biggest security breach in which 50 million accounts were compromised. Facebook, later clarified that data of 30 million accounts were stolen.
People are becoming more nervous about how organizations and third-parties are using their personal data.
5. Quantum Computing
The world is behind building the first fully-functional quantum computer. Also called the supercomputer, this is expected to be a cloud service rather than an on-prem service. IBM is already offering cloud-based quantum computing services. For instance, the automotive, financial, insurance, pharmaceuticals, military, and research industries have the most to gain from the advancements in Quantum Computing.
6. Immersive Experiences
Conversational platforms are changing the way in which people communicate with the digital world. Virtual reality (VR), augmented reality (AR) and mixed reality (MR) are changing their approaches to know more about people’s perception.
7. Augmented Analytics
Augmented analytics relies on augmented intelligence. This uses machine learning (ML) to transform how analytics content can be developed, consumed and shared.
“Through 2020, the number of data scientists will grow five times faster than the number of experts”, says David Cearley!
8. Autonomous Things
Autonomous things, such as robots, drones, and autonomous fleet, use Artificial Intelligence techniques to automate their functions that were previously performed by humans.
9. Digital Twins
A digital twin is a digital representation of real-world items that are interlinked. Cearley states that there can be digital twins of people, processes, and things!
A DTO is an aspect of the Digital Twin evolution that is a dynamic software model that relies on operational or other data. DTOs help drive efficiencies in business processes.
Apart from these, there are other key technology trends that organizations need to explore in future. These include:
10. Cybersecurity and Risk Management
According to the estimates from the firm Gemalto, the data breaches were 4.5 billion in the first half of 2018! The University of Maryland study found that hackers attack computers every 39 seconds.
In coming years we will be facing a more sophisticated array of physical security and cybersecurity challenges.
Cybersecurity is thus the digital glue that has held IoT, Smart Cities, and the world of converged machines, sensors, applications, and algorithms operational throughout!
11. Smart Spaces
A smart space is a physical or digital environment in which humans and technology-enabled systems interact in an increasingly open, connected, coordinated and intelligent ecosystems, according to Gartner! The world of technology is to enter accelerated delivery of smart spaces in 2019.
12. Self-powered data centers
Data centers grow every minute with the implementation of virtual servers and storage, energy-efficient buildings. In coming years, the data centers are expected to run on its own self-contained power plants!
13. IoT integration
This year will witness more IoT implementation. An International Forrester IT survey that said among a recent group study, 82% of respondents were unable to identify all of the devices connected to their networks. Of this lot, 54% were nervous about device security, and 55% were concerned about integration!
Related Reading: Find the role of Data Analytics in Internet of Things (IoT)
14. More self-service IT kiosks for business users
This year will be a year of IT innovation designed to build better communication between IT and end users. The self-service IT kiosks to be set up would enable users to log on and choose what they want for the apps that they build.
15. The Internet of Things and Smart Cities
50 billion equipment, including smartphones, and others are expected by the IoT to be wirelessly connected via a network of sensors to the internetin future.
The term “Smart City” means creating a public/private infrastructure to conduct activities that protect and secure citizens. It integrates communications (5-G), transportation, energy, water resources, waste collections, smart-building technologies, and security technologies and services!
To upgrade your business with the latest technology trends on the table, contact the experts at Fingent today! Also, read through our latest blogs to learn more about accelerated technological development!!