Edge computing is an approach that processes data closer to the source of the data, such as devices or sensors, rather than relying solely on centralised data.

Cloud computing is a technology that allows users to access and use computing resources (like servers, storage, databases, and software) over the internet. This is typically from large, centralised data centres, without needing to manage or own the physical infrastructure.

Imagine the internet as a vast kitchen, and you’re the chef. In traditional settings, when your device needs data, it’s like you running to a distant store for ingredients, slowing your cooking. This far store represents “cloud computing” – centralised, resource-rich, and accessible from anywhere. But what if you had a mini-store in your kitchen, with your most-used ingredients? Grabbing them would be quicker, right? This mini-store symbolises “edge computing.” Instead of relying solely on distant data centres, edge computing processes data closer to the source, like on your device or nearby hubs. This ensures quicker responses and less central traffic. In essence, while the cloud offers vast storage, edge computing brings swift, localised processing.

Edge Computing Benefits:

• Faster responses, especially for real-time actions.
• Uses less internet data.
• Can work even if the internet’s slow and unresponsive.
• More private, as it keeps data close.

Edge Computing Drawbacks:

• Not as powerful as big data centres.
• Data might not be the same everywhere.
• More devices to look after.

Cloud Computing Benefits:

• Cost-effective for many due to shared resources.
• One main place for your data, easy to get to.
• Really strong computing power.
• Auto-updates and less for you to manage.

Cloud Computing Drawbacks:

• Can be slow for instant needs.
• If the main place gets hacked, your data is at risk.
• It will need a steady internet connection.
• Costs can go up if you use it a lot.

Therefore, edge computing suits larger corporations with larger budgets needing higher security. 

However, while still efficient, cloud computing relies on a centralised server which could potentially reduce speed and security. This may make it more suitable for smaller businesses with tighter budgets. We will go more in depth in the next section.

Small businesses often operate with a tighter budget and may not always need the advanced features of edge computing. For them, cloud computing offers a cost-effective solution, providing enough computing power and ease of scalability without any upfront infrastructure costs. 

On the other hand, larger businesses with a higher demand for real-time data processing, enhanced security, and reduced latency might benefit more from edge computing. This is because it provides them with quicker data access, even when offline, and keeps sensitive information localised. 

As a business grows, transitioning to edge computing could be beneficial, especially if real-time operations become a core need. However, this doesn’t mean abandoning cloud computing entirely. A hybrid approach, utilising both edge and cloud computing, can offer the best of both worlds, optimising costs and performance.

Cybersecurity concerns differ between edge and cloud computing. Cloud computing involves centralised data in large data centres, presenting a high-value target for attackers. While cloud computing does have robust security measures, a successful breach could expose vast amounts of data. 

On the other hand, edge computing disperses data across numerous devices, reducing the impact of a single breach. However, managing security consistently across a range of edge devices can be challenging, increasing the risk of vulnerabilities in some devices. 

Therefore, while cloud computing centralises the risk, making it a bigger target but often with more advanced security protocols, edge computing distributes the risk but may present challenges in uniformly securing all devices. 

The choice therefore depends on specific business needs, the nature of the data, and the potential risks and rewards of each approach.

Both edge and cloud computing offer distinct advantages and challenges. While edge computing delivers rapid, localised processing ideal for real-time needs and enhanced privacy, cloud computing excels in centralisation, scalability, and resource richness. 

For businesses, the best choice should be based on their specific requirements, budget, and growth trajectory. When considering cybersecurity, the fact cloud computing is centralised poses a significant target to hackers, whereas edge computing’s distributed approach comes with its own set of security issues. As technology evolves, a hybrid strategy blending both might be the optimal path forward for many enterprises.

If you are seeking advice or funding in order to set up your edge or cloud computing network, get in touch with us at Lincoln Be Smarter via the button below.