Cloud outsourcing is another form of next generation technology albeit still in its early stages.
Foster says with the digital transformation trend only just starting, it creates a long runway of growth for data centre operators.
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Additionally, 95 per cent of organisations are implementing a digital-first strategy with IT at the core of decision making. However, according to tech consultancy International Data Corporation (IDC), 56 per cent of data centre capacity remained on-site in legacy enterprise data centres at the end of 2020.
Outsourcing these computer workloads to third party shared (co-location) facilities offers companies greater business resiliency, project scalability and cost efficiencies, Foster adds.
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