as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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compare and contrast cloud computing and edge computing
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cloud computing is a centralized model that involves storing and processing data in remote data centers while edge computing involves storing and processing data closer to the edge of the network. cloud computing is more cost-effective but also less secure, while edge computing is more secure but less cost-effective. cloud computing is better suited for data transfer, while edge computing operates on a distributed model, which enables faster data analysis and response times than cloud computing.
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