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By Przemek Tomczak
Many systems and technologies can comprise an organization’s value chain — from statistical process control, quality control, and asset monitoring and management to fault detection and classification, digital twins and simulations. Perhaps unsurprisingly, demand for Intelligent Edge systems — which ingest distributed information and enable localized decision making — has compounded; in turn, the strategy and orchestration of these technologies has become even more critical.
A recent survey of 700 enterprises by Forbes Insights found that edge computing has continued to rapidly expand as part of corporate computing, with 84% of respondents saying their IoT networks have grown over the past three years. The investment is paying off — more than three-fourths of IoT leaders say IoT leads to increased revenues or profitability and those who have adopted edge-computing and IoT implementations are seven times more likely to see high rates of growth.
But there are many challenges; before businesses can realize these benefits and embark on their industrial digital transformation, they must consider:
How to Unlock More Value from the Edge
At times, decision making can tolerate a reasonable delay — but this is not true of driving, for example, or on the factory floor. These decisions can’t afford to wait for external systems or centralized services to provide the data needed to determine next steps, and with a competitive edge system they don’t have to. As the number of connections (and data) between systems continues to grow, consider these questions to unlock more value in your operation:
Remember, more than ever, time and insight are of the essence. Because while the decision itself might be perishable, the impact of it is not.
This post was originally accessible to registrants of Industry of Things World USA. To learn more or attend future events, please visit: www.industryofthingsworldusa.com