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The $US4.68 billion market that could be about to replace the Cloud

70% of businesses have at least one application on the Cloud, but some experts believe a new and better technology could already be about to replace it.
70% of businesses have at least one application on the Cloud, but some experts believe a new and better technology could already be about to replace it. Cloud computing is the technology that allows data to be stored and accessed by anyone, anywhere and anytime. While it is the foundation of the internet as we know it, the Cloud is based on centralised servers far away from end users, causing problematic delays for modern technology companies. For multi-million dollar companies that are developing systems such as autonomous vehicles, smart surveillance and Internet of Things devices in hospitals, a millisecond’s delay could be detrimental to critical processes. Edge computing is the solution that has been brought forward by the frontrunners of internet companies to combat issues and bring about the next generation of the internet. Like Cloud computing, Edge is based on a network of data centres which enables users to access the information from their own devices. Edge Computing simply brings the data closer to the end user via localised data centres. The increased speed and improved latency opens up a whole new world of opportunities for digital transformation. It allows you to connect devices to a system of local data centres, where you can access and transfer data between them anywhere and anytime. By bringing the infrastructure physically closer to the end user, the distance that data must travel is vastly reduced, which increases internet speed and reduces issues like lagging and latency. To understand how this works, it is best to imagine two cars entering a race. Both race cars are the same make and model, with the same capacity. They are both equally fast, but one car starts the race one kilometre from the finish line, while the other starts just 100 meters from the finish line. It’s not hard to guess which one will win; it is not the speed of the cars that determines the outcome, but instead the distance they each must travel. The same logic applies to data. Many of us are obsessed with data speed but, ultimately it doesn’t matter how fast the data travels when it’s the distance that causes the delay. Besides reduced latency, Edge also gives offline access to data analytics when Cloud access is not reliable, for example in remote locations such as oil fields or industrial farms. Edge devices together create their own, decentralised computing system. This results in better integration between technologies, reduced latency, quicker response times and improved performance. Edge is still very new. It’s not practical or affordable for most companies to implement it yet, but with this US$4.68 billion dollar market expected to grow significantly in coming years, there’s great potential for upcoming edge providers. 
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