Competitive landscape, page-2507

Ah ending all competitiveness going for... I just love this:

*** private and public cloud can be a burden for retailers. Connectivity is often unstable and unequal in every area of the shop floor and in the warehouse.

Edge computing addresses this fundamental problem to harness the full benefits of retail IoT: ensure real-time analysis regardless of the connectivity. IoT data from sensors and cameras is sent directly to the edge server, where deep learning AI algorithms analyze data without latency. The pre-processed data can be sent later to the cloud or the datacenter for re-modeling.

In terms of cost, edge computing can also make the difference as artificial intelligence requires significant compute capacity. Having tailored computing resources on site, at the edge of the cloud is today a lot cheaper to equivalent resources in the cloud. Also, huge network bandwidth and consumption would be required to transmit all the video streams to the cloud. Again, local Edge processing is cutting that cost.

Will retail stores continue to suffer from online shopping? Most certainly, but with the advent of AI and Edge computing, they now have new ways to develop business and ensure customer satisfaction and loyalty.***

The Dean