6 Types of Management Teams Are Taking Keen Interest In Edge Computing
According to edge computing statistics, the edge computing market will reach a whopping $43.4 billion in 2027. Not only that, more businesses will spend more than 30% of their IT budget on edge computing. Gartner predicts that 75% of all the enterprise data will be created and processed at the edge by 2025. All these statistics point towards an exponential rise in the popularity of edge computing.
Another myth that these numbers dispels is that IT is the only department taking keen interest in edge computing. That’s totally false, as other functional units are also interested in jumping on the edge computing bandwagon. You will realize it after reading this article.
In this article antiddos will highlight about six types of management teams that are interested in exploring edge computing.
6 Types of Management Teams Buying Into Edge Computing
Here are six types of management teams who are interested in edge computing.
- IT Management
Probably the most obvious entry on this list is IT management. Since edge computing falls in the domain of information technology, which was expected. From CIOs to CDOs to CISOs, IT leaders are actively involved throughout every stage of the lifecycle froi acquisition to implementation. No one can deny the role of IT managers in the edge computing purchase decision but there are other players who are also showing keen interest in edge computing.
As an IT decision maker, you have to closely collaborate with other stakeholders and look for ways to use technology to facilitate business and help the organziation achieve their objectives. At the end of the day, it is the CIO who has the final say when it comes to making technology choices such as distributed denial of service and implementing them.
Whether you are planning to use edge computing for resolving your cybersecurity woes, your approach should be different as compared to when you are treating edge computing as a part of a digital transformation initiative. You need to be extra cautious and understand the pros and cons before trying to fuse edge computing with other technologies like computer vision and machine learning as it can sometimes backfire due to lack of alignment and poor implementation.
- Supply Chain Management
We have seen how badly the supply chain has been disrupted for the past two years. This has forced supply chain managers to look for ways to optimize their supply chains to ensure continuous delivery of products and services. Edge computing could be the solution they might be looking at. After IT leaders, supply chain managers are the second most involved decision maker in the edge computing lifecycle.
Unlike their IT counterparts, supply chain managers also look at the customer side of the equation. How can edge computing influence user experience and customer expectations? This does not mean that they don’t look at the traditional metrics such as technology and business metrics such as digital transformation goals and revenue streams but their customer focused approach differentiates them from IT leaders.
Another big difference between IT and supply chain management is that they are less focused on cost reduction and more focused on delivering what customers want. Even though they also experience the same data security challenges that their IT folks face, their approach to dealing with them is different from cybersecurity teams. They don’t want to compromise on customer experience and satisfaction for the sake of security.
- Research and Development Management
Research and development management usually comes into play during the early stages of edge computing implementation lifecycle. Their role is to educate and increase awareness internally to remove resistance to change and develop better understanding of edge computing technology amongst employees. Just like supply chain management, they also put customer satisfaction over everything else but also focuses on ways to improve the overall efficiency of your business.
Two challenges that are hampering research and development team to play their part in edge computing implementation are:
- Lack of in house expertise
- Distributed architecture and system integrations
Most of their initiatives and efforts are internally focused. Their job is to lay a solid foundation for edge computing implementation.
- Operations Management
Development and implementation of mobile and IoT based applications are at the top of their priority list of operations management. Their objective is to minimize the errors and bugs in technology implementation and ensure smooth functioning of day to day business operations. They are more focused on keeping the operation cost in check and delivering business value without any disruption.
Operation managers play a crucial role during the middle phase of the edge computing implementation process especially when searching for external solutions. They critically analyze every aspect and help leaders decide which solution is the best one with respect to cost and benefits.
- Production Management
Production management shares a lot of similarities with operations management but also differs in certain aspects. Production managers put more emphasis on quality assurance. Cost and efficiency are their top priorities while customer centric initiatives such as supply chain optimization and customer data management are lower down on their list. They have to complete projects inside the budget and ensure delivery before the deadline. Even though they might not be as involved as other functional units, they do play a role.
- Business Management
Just like production managers, business managers have little to do with edge computing decision making but totally ignoring their role would be a mistake. They are more focused on technology implementation and quality control. Business managers are usually looking for ways to create a new revenue stream for business. As a result, they play the most important role in the expansion of business.
They want to grow and scale the business and take steps to achieve that goal. Unlike others, they not only look for ways to cut corners but also find ways to accelerate business growth or improve the business productivity. This is what differentiates them from others on this list.
Which of these management teams are most likely to purchase edge computing solutions in your opinion? Share it with us in the comments section below.