Roughly 600 zettabytes of data are created each year due to global digitalization, the growth of IoT, and many other factors. This is about 200 percent more data than current data centers can handle, meaning there is a growing need for more in order to keep up with the rapid growth.
According to some of the top industry professionals, we will need about 4,000 more facilities by 2020 in the United States alone if we want to continue handling the data that is created by new and growing businesses. This approximation is considering each of these data centers is around 25,000 square feet and can handle up to 2.5 megawatts of data.
“Unlike the internet bubble around 2000 — which involved ideas that had yet to generate any revenue — the cloud, with upward of $4 trillion in market cap, is a real business with real opportunities,” says Microsoft’s Chief Technical Advisor Dave Crowley. As the need for more data centers grows, so does the potential for profit.
Why do we need more data centers?
With companies collecting more data than ever, we have a growing need for more storage and processing power as a technological society. Over 90% of the world’s data has been created over the past two years. Using this “big data” to make informed business decisions, for marketing purposes, and to create better customer experiences can be a challenge for companies that don’t have enough space to store and analyze it all.
This large amount of data is too much for companies to keep up with within their own four walls, so they seek out off-site locations to securely store their most sensitive data. Using these facilities also allows companies to better manage their IT infrastructure, which can prevent the loss of vital services, customer satisfaction, and even revenue.
Even as companies choose to take advantage of cloud services, they still need somewhere to store the host servers. Finding a facility that is safe, secure, and easily accessible for their IT professionals is the best solution for the vast majority of them.
How do we get more?
We don’t really have to look too far when finding properties that can work as data centers. While many are being built from the ground up, there are still quite a few pre-built facilities that can be turned into reliable data centers with just a few upgrades. Most of these are former corporate offices, call centers, or other spaces that are already very secure and have the large amount of square footage needed to run a data center efficiently.
There are informed, reliable firms that can guide companies and buyers through the process of obtaining their own data center. Gaining a better understanding of how data centers work and the amount of resources you’ll need to put into one before getting it off the ground puts you in a much better position to be successful.
No matter your budget, speed and storage needs, or desired location, contacting a consultant who is knowledgeable of both the industry and current real estate market is a smart first move for anyone seeking to own a data center property.