The entire TEM industry is speaking about “Technology Expense Management” and they are 100% correct. IT is moving at a frantic pace and “Digital Transformation” is not just a cool marketing buzz word. This transformation is accelerating and TEM needs to evolve managing any type of telecom and IT asset, including network infrastructure, UCaaS, mobile devices, software services, and cloud technology.
One specific use case is the crazy growth of edge networking/computing.
What is edge computing?
“Edge computing brings memory and computing infrastructure closer to the location where it is needed.”
Edge computing is on the rise globally. Gartner predicts that 40% of companies will have their edge computing strategy ready by 2021. The number in 2017 was only 1%.
The global cloud market is predicted to reach $565 billion in 2021, among which edge cloud contributes 20% with a market worth $113 billion. 43% of the IoT computing will be on the edge network.