It’s rapidly coming up on “predictions season.” But, before we start looking ahead to 2018, we thought we’d look back at the “7 Bold Predictions for the Connected Enterprise” we made for 2017 to see where these technology trends stand. Here’s what we see today.
Scale or Fail: Manufacturing Companies Must Leverage Cloud Computing and Interconnection to Succeed in a Digital World
For manufacturing companies, surviving and thriving is no longer a case of simply optimising costs or reducing waste. Thanks to an industry-wide push for lean manufacturing spearheaded by top manufacturers such as General Motors and Toyota, most industry players are operating in an incredibly efficient way. If companies really want to succeed, they need to focus their efforts on another important piece of the puzzle: digital transformation.
Today, LATAM is the smallest geographic region in terms of estimated Interconnection Bandwidth capacity, with 154 Terabits per second (Tbps) installed in 2017. By 2020, the study projects that LATAM could reach 626 Tbps, representing 13% of the global installed Interconnection Bandwidth capacity. Interconnection Bandwidth is defined as the total capacity provisioned to privately and directly exchange traffic with a diverse set of counterparties and providers at distributed IT exchange points.
The Index points to various trends spurring Interconnection growth in Europe, including data sovereignty and the need for firms to exchange data with each other in-region. And it cites the evolution of the European public peering model, which is moving toward more private direct connection.
Loudoun County has attracted data centers for a variety of reasons, including the collection of legacy network providers there that initially drew data center companies. It’s also got a great location that’s near the nation’s capital and offers easy access to various digital routes heading north, south and west. But from our perspective, the catalyst of all this growth today is Interconnection.
Data is increasingly becoming the currency of the global digital economy. And, it is the direct, private data exchange between and among businesses that is driving global economic growth. For enterprises to monetize their data and extract the most value from it, they must re-think their data architectures to find the best ways to aggregate, exchange and manage data at the edge—and at scale.
As the birthplace of the internet, it is no surprise that the United States (U.S.) leads the world in Interconnection, which enables the direct, private traffic exchange between businesses. You can see how this is playing out today with Interconnection hubs like our Ashburn campus in Northern Virginia that hosts the country’s largest concentration of network participants and is rapidly becoming a hotbed for most of the world’s internet traffic.
Interconnection is the fuel of digital business, and organizations must understand its power if they hope to handle the global digital economy’s increasing demands. For such a pivotal business enabler, interconnection has long been tough to quantify. But research from Equinix does just that by looking at installed interconnection bandwidth capacity and projected growth.
Everyone agrees these days that the cloud is integral to the future of any digital business that wants to have a future. But is cloud computing peaking? Is a different kind of computing, edge computing, soon to eclipse the cloud in importance?
Like the rise of the internet, Blockchain has the potential to truly disrupt multiple industries and make processes more democratic, secure, transparent and efficient. Entrepreneurs, startup companies, investors, global organizations and governments have all identified as a revolutionary technology.