Too Long; Didn't Read
The major benefit of IoT and edge computing is the capability to process, compute, and analyze data with the same quality as that in the cloud, without any latency. As data remains the foundation of today’s economy, businesses can use these emerging technologies to offer a more personalized experience to their customers. According to a recent survey, enterprises are likely to spend an estimation of 30% of their IT budget on edge computing over the coming years. The estimated global IoT revenue after the effects of the pandemic is $381 billion as of December 2020.