Edge and Fog Computing Business Value Streams through IoT Solutions: A Literature Review for Strategic Implementation

Abstract

Edge–fog computing and IoT have the ability to revolutionize businesses across all sectors and functions, from customer engagement to manufacturing, which is what makes them so fascinating and emerging. On the basis of research methodology by Webster and Watson (2020), 124 peer-reviewed articles were discussed. According to the literature, these technologies lead to reduced latency, costs, bandwidth, and disruption, but at the same time, they improved response time, compliance, security and greater autonomy. The results of this review revealed the open issues and topics which call for further research/examination in order for edge–fog computing to unveil new business value streams along with IoT capabilities for the organizations. Only by adopting and implementing precisely these revolutionary will new solutions organizations succeed in the digital transformation of the modern era. Despite the fact that they are cutting-edge solutions to business operations and knowledge creation, there are still practical implementation issues to be dealt with and a lack of experience in the strategic integration of the variable architectures, which hinder efforts to generate business value.