2019 started with edge computing and edge cloud as hot topics in both software and communications industries. Driven by the explosion of IoT across many industries, the continuing 5G roll out; many industry analysts are predicting that this will be the year of edge cloud.
As Gartner stated in 2018, only 20% of industries have started their cloud journey; out of which only a small subset have developed their software with latest scalable microservice architecture. Therefore, majority of the 20% will need to re-architect their software but more importantly 80% of the industry across all sectors will soon start their cloud transformation. Both these groups must consider the full hybrid approach of private, public, and edge cloud. mimik’s edge cloud solution can help enterprise IT with their cloud migration.
The high cost of cloud is no longer an untold secret. In February 2019, Lyft announced that they will be spending about 300 million US dollars for cloud services with Amazon in the next two years. Last year Snap announced that they had committed to spend one Billion US dollars with AWS and $2 Billion with Google for cloud services. In early 2018, Plex announced that they are shutting down their cloud offering due to high cost and complexity. Cloud hosting costs have now become a serious issue for developers and enterprises and will undoubtedly become even more important with potential vendor consolidation.
Apart from cloud hosting costs, there have been serious issues with data privacy for large centrally hosted applications and services. The central cloud architecture requires all the data to be sent to third parties creating the potential for serious abuse. A few years ago, most industry influencers, investors, and analysts were of the opinion that “most people don’t care about privacy”. It has now come to light that both consumers and enterprises, and even countries have been seriously harmed by the abuse and manipulation of personal data.