Precision Time Protocol (PTP)
Is your company doing online trading, data analysis, computer vision, or getting into AI? Then it might be time for your company to think about PTP (Precision Time Protocol).
While many might not even think twice about their network time synchronization and use an NTP (Network Time Protocol) unknowingly, if a business demands scientifically precise, extremely accurate time-protocols, they use a PTP (Precision Time Protocol) instead.
The director of Defense & Security at Cranfield University stated that inaccurate timing is a significant burden to the rising digital economy. Niche businesses/operations that require on-the-dot timing, who are moving their operations online at a greater rate than ever before, have begun implementing PTP.
What is PTP?
PTP or Precision Time Protocol, coordinates the timing for all audio, video, and metadata packets, allowing for network system synchronization–no matter the physical location of the equipment. With PTP, packet-loss and information delays for other systems using a particular inter-connected software are a thing of the past. The synchronization becomes so accurate to the slightest bit that there is little to no delay within updates through each system in one’s server. The synchronization can be so in-sync that many have dubbed it as “real-time analysis.”
The rise of the IoT (Internet of Things) has re-birthed the popularity of these systems along with a rapidly changing work environment that is going completely digital.
Technology for the 21st century of business
Computer vision is one of the many technologies that could change our lives in the upcoming decades. While capturing/storing data at high speeds relies on more RAM memory-space, there is also a need to measure the data accurately across multiple systems. Latency has always been an issue in these tasks making multi-data-analysis almost impossible. 5G, one of the emerging technologies of the past 5-years, will rely heavily on precision time protocols. Therefore, mega-corporations are investing billions into PTP software for on-the-spot real-time analysis. More complex research like AI and computer vision will rely on “on-the-fly” analysis that standard time protocols cannot make.
Putting your business ahead of the curve for a post-Covid world.
Reports launched by KPMG in India associated with India Mobile’s Congress forecasted that 5G high-speed data demand has increased significantly due to Covid-19. The pandemic has placed more people indoors than ever before, accelerating the revolution of digital technologies by five years. While we were no doubt heading towards a digital workplace, many experts forecasted mass adoption of the “nomad-worker” by 2040, not 2020. However, like many things in 2020, the unexpected happened, fostering a world that relies more on digital technology than ever before. With companies becoming more interconnected than ever, many corporations are just now investing in digital infrastructure that supports at-home working. However, India Mobile has also noticed many corporations doing the opposite and pushing their team back to work in offices as soon as possible. However, this might be quickly reversed, as studies have shown that workers’ productivity increased by 2.4% working remotely. With permanent remote work on the rise in tech-dominated fields, PTP is common sense. The almost real-time analysis that can be conducted through interconnected devices on one server is ideal for any company that is taking remote work seriously. With more than 50% of tech-workers stating that they would change their jobs if it meant working at home, it is a no brainer to invest in PTP.
The future of all work
While PTP does not get the media attention it deserves on technology-focused publications, it’s just as, if not more, important than other emerging technologies of the past decade. If you plan on managing any time-specific task that requires on-the-dot analysis, configuring your business’s time protocols should be number one on your bucket list. It is relatively simple to configure and could save your business millions.