The age of technology is currently upon us, with the digital revolution bringing forth a plethora of innovative devices and applications that can have a dramatic impact on society. Technology like the edge and 5G have made the world faster, and more connected than ever, with true globalization finally within reach. However, among the technology that can change the world, none hold more power to do so than the Internet of Things (IoT), and the associated devices.
IoT has the potential to create a “SMART” world, meaning “Self-Monitoring Analysis and Reporting Technology.” With the help of IoT, we can provide cognitive awareness to objects, allowing them to “talk” to one another, and make real-time decisions to benefit all. And what truly makes IoT a game-changer is its flexibility, and being able to make a difference across a diverse profile of sectors.
SMART, IoT-enabled technology can, and already has been implemented in a variety of industries, from manufacturing to retail, to transportation, and even office work. SMART technology can even help transform public spaces, such as restaurants and school campuses, as well as whole cities. The potential for IoT devices is nearly limitless and virtually bound only by one’s imagination, which makes the technology one of critical importance as we venture further into the digital age.
IoT is growing rapidly, with the market projected to grow from USD 381.30 billion in 2021 to USD 1,854.76 billion in 2028 at a CAGR of 25.4 percent in the 2021-2028 period. This level of uptake is both a result and an impetus of the developing technologies that underpin the IoT. The swift growth comes as a surprise to no one, as many are searching for resources pertaining to IoT technology, to garner knowledge in order to dive into the field themselves.
Recently, LF Edge, an umbrella organization under the Linux Foundation that aims to establish an open, interoperable framework for edge computing independent of hardware, silicon, cloud, or operating system, today announced continued ecosystem collaboration via a new collaborative white paper, “Sharpening the Edge II: Diving Deeper into the LF Edge Taxonomy & Projects.”
“With the growing edge computing infrastructure market set to be worth up to $800B by 2028, our LF Edge project communities are evolving,” said Jason Shepherd, VP Ecosystem, ZEDEDA, and former LF Edge Governing Board Chair. “This paper outlines industry direction through an LF Edge community lens. With such a diverse set of knowledgeable stakeholders, the report is an accurate reflection of a unified approach to defining open edge computing.”
A follow-up to the LF Edge community’s original, collaborative 2020 paper – which provides an overview of the organization and details the LF Edge taxonomy, high-level considerations for developing edge solutions, and key use cases, – the new publication dives deeper into key areas of edge manageability, security, connectivity and analytics, and highlights how each project addresses these areas.
The paper demonstrates the maturation of the edge ecosystem and how the rapidly growing LF Edge community has made great progress over the past two years toward building an open, modular framework for edge computing. As with the first publication, the paper addresses a balance of interests spanning the cloud, telco, IT, OT, IoT, mobile, and consumer markets.
The white paper, which is now available for download, was put together as the result of broad community collaboration, spanning insights and expertise from subject matter experts across LF Edge project communities: Akraino, EdgeX Foundry, EVE, Fledge, Open Horizon, State of the Edge, Alvarium, Baetyl, eKuiper, and FIDO Device Onboard.
“I’m eager to continue to champion and spearhead the great work of the LF Edge community as the new board chair,” said Tina Tsou, new Governing Board chair, LF Edge. “The Taxonomy white paper that demonstrates the accelerated community momentum seen by open source edge communities is really exciting and speaks to the power of open source.”
Edited by
Erik Linask
