The Intelligent Edge - Opportunity and IoT Innovation

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CONNECTED INDUSTRY GROWTH PARTNERS

W H I T E PA P E R

The Intelligent Edge: Opportunity and IoT Innovation

By Ed Maguire with assistance from Cate Lawrence, Paul Anderson, Jesse Demesa, Jim Fletcher, and Sandra Mueller

Executive Summary

The concepts around Edge computing are not new but are increasingly relevant as IoT connec ted systems scale and become increasingly autonomous. Interest in, and demand for more power ful real-time data analy tic s fuels interest in an evolving architec tural paradigm that harnesses the advantages of power ful centralized data centers with the nimbleness and

There are technolog y and business reasons driving interest in variants of Edge computing. With often over whelming volumes and velocit y of sensor and endpoint data, it’s neither cost effec tive nor prac tical to rely on centralized data centers for processing and aggregated as it’s generated, with only the most impor tant data sent to the data center for deeper analysis. This approach reduces the costs of data ingestion and network latency.

Edge computing makes sense for business reasons as well. When there’s need for real time responses to sensor data, for instance on a connec ted vehicle, oil well or manufac turing machine, Edge computing enables data to be analyzed and ac ted on in near real time. Edge computing is poised to enable a power ful new Industr y, ultimately powering a broad range of autonomous and self optimizing systems.

We wrote this paper to address the growing interest and curiosit y around Edge computing. We endeavor to provide an over view of technologies.

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2 4. 5 6. 7 9. 10 11. 12 14. 14. 16. 17. 17. 18. 20. 21. Introduc tion The Key Role of the Intelligent Edge © 2018 | moment a.one Table of Contents

Intelligent Edge: Oppor tunit y and IoT Innovation

substantial real time insight s ‘under the hood’ from connec ted cars, fac tor y

produces data that provides produc tion managers with previously unobtainable

The more connec ted devices, more data gets collec ted. A s a result, capturing, challenge With the emergence of autonomous vehicles, drones and data intensive industrial automation systems, computing model is not designed to accommodate the extremely low latency demands of real time, high volume analy tic s. in intelligent edge devices gateways and devices that incorporate real time data processing , advanced analy tic s and business logic

There are t wo distinc t but complementar y analy tic

net working and other fac tors. While cloud computing remains foundational for

processed locally in real time.

devices provide real time analy tics and decisioning, while cloud or on premise data centers deliver in depth insights into trends based on analysis of historical data.

Introduction 4
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Surging Industr y Interest in Edge Computing

There’s growing industr y momentum around Edge computing.In June 2016 Cisco edge of the net work targeting use cases where time is of the essence,but band width is often lacking minesndaniescompashippingies,ctorfaigs,roilsasuch or

The Linux Foundation in April 2017 announced EdgeX Foundr y, an open source projec t to build a common open framework for IoT Edge computing and ecosystem of inter operable component s of industrial IoT Edge computing Later last year, the Industrial Internet Consortium (IIC)

ARC Advisor y Group sur veyed over 3 0 0 end users in 2017 from IIoT industries such as mining , machiner y and automotive, and found that the majorit y of re analy tic s. The primar y reasons for consideration were to improve asset per for considered by many to be the break through application planned downtime.

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IoT infrastruc ture grow th by 202110. 5% High grow th opportunities will come from the Edge systems Edge infrastruc ture grow th by 202122% oppor tunities will come from the edge will be processed at the Edge Edge infrastruc ture is forecast to grow at a in 2021 © 2018 | moment a.one WHITE PAPER The Intelligent Edge: Oppor tunit y and IoT Innovation

The Intelligent Edge: Oppor tunit y and IoT Innovation

The Industrial IoT Journey is Still in its Early Stages

can drive fundamental business transformation .

Figure 1: The Analytics Life Cycle; Source: Momenta

This in

volves turning data into insights into actions that drive business optimization. The initial step in the process for IoT analytics is instrumentation of physical assets and processes putting sensors on things to generate data about what they do, and what their conditions are.

Taking a broader view of the opportunity around IoT adoption and maturity,there’s a series of phases as companies undertake their analytics journey Each succes

1. happening in the physical world.

2 .

conditions or potential failures that need to be addressed.

3. pinpoint pending failures or problems, so they may be addressed in advance

4. The most advanced phase is autonomous systems that can self diagnose and guide ac tions to keep systems running seamlessly.

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2 4 5. 6. 7. 9 10 11 12 14. 14. 16. 17 17 18 20. 21. Introduction The Key Role of the Intelligent Edge Table of Contents Momenta is the leading Digital Industry venture capital + growth firm accelerating deep-tech innovators across energy, manufacturing, smart spaces, and supply chain. For over a decade, our team of deep industry operators have helped scale industry leaders and innovators via our award-winning executive search and strategic advisory teams. 3 Practices Hyper Focused on the Enterprise IoT. Executive Director: ken@momenta.one Email: info@momenta.one EU: +41 41 562 00 07 US: +1 917 765 3600 To read the full report DOWNLOAD HERE

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