CLOUD & EDGE “Despite this proliferation of data , only a small fraction is being used for decision making ”
NEIL STOBART VP GLOBAL SYSTEMS ENGINEERING , CLOUDIAN
require near-instant data processing to determine the required outcome ,” Stobart continues . “ So despite this proliferation of data , only a small fraction is being used for decision making because the data cannot be stored or transmitted efficiently .”
Over the coming decade , this friction is only going to get worse . According to Equinix ’ s Global Interconnection Index Volume 5 , global interconnection bandwidth growth is forecast to reach 21,485 + terabits per second ( Tbps ), or 85 zettabytes , per year by 2024 . In large cities - epicentres for highly digitalised economic activity and data consumption both locally and backhauled from smaller metros nearby without their own digital infrastructure - the growth in bandwidth is at its most pronounced .
“ London is predicted to be the epicentre of data centre development as British tech firms in sectors such as fintech , ecommerce and digital health continue to grow at an exponential rate ,” says Russell Poole , Managing Director for Equinix ’ s UK operations . “ The city is expected to grow at a 45 % compound annual growth rate ( CAGR ) year-onyear , contributing 1,735 Tbps by 2024 .”
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