Mobile Experts Calculates Robust Edge Computing ROI for Enterprises
Oil & Gas, Manufacturing, and Retail Case Studies Presented in Detail
In a report released, Mobile Experts outlines strong return on investment for enterprise edge computing, and includes three specific ROI calculations for key vertical markets.
The number and diversity of edge computing use cases has grown quickly over the past year, with many unexpected applications popping up in all kinds of vertical markets.
Recommended AI News: The Digital Dollar Project Names 22 New Advisory Group Members
The report examines three specific sample cases: oil and gas, furniture manufacturing, and fast food. Each illustrates the strong motivations for the enterprise to invest in MEC, though the edge computing architecture must be tailor-made for the specific business in order to meet objectives.
“The strong upcoming growth in industrial, manufacturing, and retail markets are the most interesting among the new cases because they carry edge computing revenue that is practically non-existent today,” commented Chief Analyst Joe Madden. “It gets even more compelling when analyzing the architecture required for success. Each business will need to develop a personalized edge computing business model to capitalize on both cost savings and new revenues.”
Recommended AI News: Factual + Foursquare Announce World’s Most-Powerful Location Engine Pairing
A small edge computing investment by a certain enterprise will either raise the revenue ceiling or lower costs. This new report maps each unique business to the Edge Computing architecture and business model which suits them.
“Oil and gas is a great example of an edge computing business case. Often operating in remote areas, the maintenance of digital information required for equipment is central to success: drill speeds, precise drilling locations, etc. A single oil well generates a staggering 10 Terabytes of data per day—in this report, we outline exactly how edge computing could eliminate huge costs and improve operations for this industry and others.”