Edge computing
Processing data on or near the device instead of sending everything to the cloud, so it can react faster and send less data.
Instead of streaming raw data, an edge device or gateway analyses it locally and sends only results or alerts, for example "vibration abnormal" rather than thousands of readings per second.
Why it matters for business
Edge processing cuts data costs and response times and keeps working when the connection drops. The trade-off is more capable, more expensive hardware and software to maintain in the field.