More than 200 zettabytes. That is the amount of data that was expected to be stored on earth by the end of 2025 – the equivalent of 200 trillion flash drives or 139 quadrillion floppy discs, according to Cybersecurity Ventures.
Digital services, cloud computing, and the rise of AI have dramatically increased the amount of data we consume, and it has to be stored somewhere.
A Financial Times article contributed by White & Case, a global law firm, states that reliability is a massive issue for data centers. Critical services depend on data centers, so downtime is a serious concern. A fault in a single data hub can cause huge problems across global markets.
Investors are getting into data centers in what has become a really hot sector. “For private equity, it is simple: data centers have a short construction cycle and they start generating cash quickly. It is very different from something like nuclear, which takes years to build and carries huge cost-overrun risks,” according to Tim Fourteau, Partner at White & Case.
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