It’s no surprise that the global edge computing market is expected to reach $9 billion by 2024, according to a study by MarketsandMarkets. Edge computing provides many benefits for enterprises including the ability to reduce latency, minimize the risk of network downtime, improve load distribution across networks, and better connect to remote enterprise locations.
To keep pace with changing technologies and the rise of mobile 5G, underlying communication networks need modernization. TDM-based networks must transform into packet-based networks to meet the demands of pervasive data-centric applications and services. Packet-based networks not only enable new innovations, services, and business opportunities, they are also the most cost-effective, efficient, and scalable networks for content delivery.
In today’s world of connectivity and real-time data, bridging the gap between IT and OT systems creates new opportunities to improve operational efficiency, meet customer demands, and keep pace with digital transformation. With enterprise applications (IT) and operations running the grid (OT) working together, utilities can benefit from disaster recovery and business continuity efforts. The integration of these systems enables an organization to optimize data consistency and management, which increases productivity and other efficiencies including network planning and engineering, service assurance, and service fulfillment.