The state of IoT
Industry specialists have been predicting exponential growth for the Internet of Things (IoT). And those forecasts seem to be coming true. Gartner says1 that, worldwide, the enterprise and automotive IoT market will grow to 5.8 billion endpoints in 2020, a 21% increase from 2019.
And what about all that data? According to IDC,2 IoT-generated data will reach nearly 80 zettabytes by 2025.
Edge computing for IoT
How can enterprises make that much data actionable? For many applications, the answer lies in edge computing, which puts an IT service environment and cloud-computing capabilities at the edge of the network, reducing the need to send data to distant servers.
Multi-access edge computing (MEC), a type of edge computing that uses cellular networks for primary connectivity. 5G and MEC are particularly appealing for IoT applications, thanks to:
- Reduced latency. MEC brings computing resources closer to where the data is generated. Combined with 5G, it has the potential to significantly reduce latency, enabling the delivery of mission-critical services that require Ultra Reliable, Low Latency Communication (URLLC).
- Massive bandwidth. Organizations should be able to develop massive, scalable and valuable IoT capabilities known as MIoT. MIoT deployments could generate and harness huge amounts of data to drive advanced analytical and artificial intelligence (AI) programs and provide mission-critical services.
- Compute availability and security. MEC can bring cloud computing capabilities to remote locations, and provide local processing and storage when security is essential
- Minimized network traffic. MEC can aggregate and process IoT data at the edge, reducing network traffic and transmission costs
- Less compute on the device. By removing computing requirements from the device and putting at the edge, MEC can reduce energy consumption and enable new devices, like lightweight augmented reality/virtual reality (AR/VR) headsets
Putting machine learning and AI at the edge
What else can MEC do for IoT deployments? This is big.
It can bring machine learning and artificial intelligence (AI) to the edge, to make IoT data actionable at scale. In near real time.
That means you can ingest, analyze and share vast amounts of actionable data; respond almost instantaneously to opportunities and challenges; and create powerful and effective training, meeting and customer experiences.
We told you it was big.
IoT + MEC = new possibilities
MEC enables new IoT possibilities and capabilities across nearly every industry, from retail to manufacturing. These could include:
- Augmented reality for manufacturing safety. MEC could help power AR and AI for hazard training and monitoring, so that organization can improve operation-wide safety
- Shelf inventory management. Using in-store video data, MEC could be used to run applications to audit and analyze inventory, enabling continuous on-shelf availability and reduces pricing errors
- Predictive maintenance. Estimates show that MEC combined with sensors might be able
5G and MEC: The future of IoT
- Read the whitepaper
Bringing 5G and MEC to IoT deployments is the next progression for the IoT. Together, MEC and 5G can deliver the ultralow latency and gigabits-per-second throughputs that are a precondition for applications that operate practically in real time.
And Verizon 5G Ultra Wideband3 is the logical choice for MEC-enabled IoT applications, thanks to:
Our millimeter-wave spectrum can deliver massive amounts of data quickly with very low latency, which doubles up on the low latency that MEC offers.
5G is expected to be capable of supporting up to 1 million devices in a square kilometer.
Verizon operates thousands of C-RAN and service access points that can run MEC services, and is currently integrating network and compute in areas throughout the network.
MEC and IoT resources
Verizon is uniquely positioned in the MEC space, giving us insights into both the far-reaching possibilities and the immediate requirements.
MEC overviewRead about MEC
From architecture basics to 5G’s role, learn how MEC works.
ThingSpace gives you all the tools you need to build an edge device and connect it to the Verizon network.
Verizon 5G EdgeDiscover the Edge
Verizon 5G Edge builds cloud compute services right into the Verizon 5G Ultra Wideband network to enable powerful new capabilities.
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