Richard DiVenuto is a financial professional with decades of experience as an advisor on many investment and fund-raising projects. Currently, Richard DiVenuto is working with entrepreneurs at Project Edge to help fund the development of technology of edge-based solutions to latency problems in big data.
Unlike traditional cloud computing, edge computing takes place where data is gathered rather than a central location in the cloud. It has the potential to improve network performance substantially as edge devices are gaining more computational power.
Edge computing can substantially increase processing speeds across a network. For many organizations in the financial sector, that speed can directly translate into revenue as a result of the sector’s reliance on high-frequency algorithms, whose output is improved by even milliseconds gained.
Another benefit of edge computing is the potential to scale much more quickly and easily. A company doesn’t need to invest large amounts of resources anticipating its infrastructure needs. Since computing is situated with end-users, a company’s infrastructure can grow as quickly as it needs to without major centralized upgrades.
