What are the cost differences between cloud and edge computing?

What are the cost differences between cloud and edge computing?

Cloud computing typically involves paying for resources on a subscription basis, while edge computing can reduce latency and bandwidth costs by processing data closer to the source.

Can you give me examples of when edge computing might be more cost-effective?

Sure! Edge computing is often more cost-effective for applications requiring real-time data processing, like IoT devices in smart cities or autonomous vehicles.

What about the initial setup costs for both options?

Initial setup costs for cloud services are usually lower since you don't need to invest in physical infrastructure, whereas edge computing may require more upfront investment in local servers.

Are there any hidden costs I should be aware of?

Yes, with cloud computing, you might encounter costs related to data transfer and storage, while edge computing could involve maintenance and operational costs for local devices.