The COVID19 pandemic has accelerated the process of companies adopting technologies that would help them in working from remote locations, in times when it is difficult for people to travel and work from office. Work from home is the new way of working.
“The pandemic has signified the importance of the data centres not only among the industry professionals but also the general public and the related energy sectors and regulators. Since it is one of the very few industries that has proved to keep growing despite the pandemic and enabling individuals and organizations to function during lockdowns with remote working and virtual connections”, said Hessam Seifi, Managing Director, DC PRO
As India battles the surge in COVID19 cases, businesses are grappling with more lockdowns and restricted people movement.
In such a scenario, Work From Home, Remote working and an increased reliance on technology seem to be the way forward. Market numbers capture this to some extent.
According to a Research and Markets report, the Global Digital Transformation Market is expected to grow from USD 469.8 billion in 2020 to USD 1,009.8 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 16.5 percent during the forecast period.
The report further added that the digital transformation market by vertical has been segmented into banking, financial services, and insurance (BFSI), healthcare, IT and telecom, education, retail, media and entertainment, manufacturing, government, and others (transportation and logistics, and travel and hospitality).
Further, the demand of Data centres is also increasing in the market across the world, according to a CBInsights report, data centres will continue to play an important role in ingestion, computing, storage and management of information.
“This crisis has been long enough that the behavioural changes and adaptation in utilizing technology and cloud services for all of us will have a lasting effect and will reshape how we will work and grow in future and will only accelerate the digital transformation and demand on using cloud services,” said Hessam Seifi, Managing Director, DC PRO
Since it is one of the very few industries that has proved to keep growing despite the pandemic and enabling individuals and organizations to function during lockdowns with remote working and virtual connections.
This crisis has been long enough that the behavioural changes and adaptation in utilizing technology and cloud services for all of us will have a lasting effect and will reshape how we will work and grow in future and will only accelerate the digital transformation and demand on using cloud services, points out Seifi.
The increased use of technology means higher energy usage. “Such importance and spotlight to this energy intensive industry brings its own challenges to be mindful of environmental impact and join the global stream towards carbon neutrality”, states Seifi.
In 2021, renewables are expected to show their resilience – the majority of the delayed projects are expected to come online, leading to a rebound in new installations, according to IEA. Despite the rebound, combined growth in 2020 and 2021 is almost 10 per cent lower compared to the previous IEA forecast published in October 2019.
