Evaluating The Relative Cost Of Edge Computing
CIO, Tuesday, August 20th, 2024
An investment in edge computing brings both hard and soft costs. Figuring out the hard costs is the easy part.
Edge computing is a distributed computing paradigm that includes infrastructure and applications outside of centralized, dedicated, and cloud datacenters located as close as necessary to where data is generated and consumed.
The ability to provision IT service at the edge is increasingly a requirement in our digital-first world. It can help companies be more responsive, lower the cost of transmitting and storing data, and improve compliance with regulations related to data sovereignty. IDC's Worldwide Edge Spending Guide (February 2024) finds that worldwide spending on edge computing will reach $232 billion this year, an increase of more than 15% over 2023. Continued growth is expected over the next several years.