Organizations are stepping into the Industrial Internet of Things (IIoT) market to harness edge computing technology that has the potential to transform the manufacturing ecosystem, disrupt long-established limitations in data processing, and solve some of the biggest challenges for the industry. The adoption of edge analytics technology is fuelled by the need for cost efficiency and real-time intelligence. However, lack of experience and expertise regarding edge configurations and concern over information security levels are some of the key barriers to deploying edge analytics across manufacturing.
Frost & Sullivan’s analysis, “Intelligence at the Edge—An Outlook on Edge Computing (http://frost.ly/1vv),” investigates the significance of edge computing in manufacturing. Drivers, restrains, challenges, competitive landscape, growth opportunities, successful use cases, and IIoT adoption challenges are also assessed.
“The next evolutionary step in edge computing will depend on higher levels of collaboration and partnerships with several technology providers and users, and the emergence of globally accepted standards to guarantee seamless and consistent interoperability across the entire value chain,” said Frost & Sullivan Industrial Automation & Process Control Research Analyst Anisha Nikash Dumbre.
Strategic imperatives for manufacturers’ success and growth include:
- Investing in technologies such as edge analytics to reap maximum machine value, productions, and revenue generation;
- Orchestrating robust ecosystems of interoperable mechanisms and subsystems functioning together to enable real-time data analytics and actionable insights;
- Optimizing operations through real-time monitoring and analysis of front-line machinery and equipment;
- Differentiating product offerings to exploit opportunities offered by the Industrial Internet of Things; and
- Creating attractive price structures to encourage the use of edge analytics.
“With cybersecurity challenges increasing daily, edge analytics will have to venture into protecting machinery and process insights,” noted Dumbre. “There will be an exceedingly high demand among data-sensitive industries for analytics with multiple parallel modules capable of handling security and analytics in real-time.”
Intelligence at the Edge – An Outlook on Edge Computing is part of Frost & Sullivan’s Industrial Automation & Process ControlGrowth Partnership Service program.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Contact us: Start the discussion.
Intelligence at the Edge – An Outlook on Edge Computing
K198-10
Contact:
Jaylon Brinkley
Corporate Communications – North America
P: (210) 247.2481
F: (210) 348.1003
E: jaylon.brinkley@frost.com
