Digital infrastructure company Equinix, has announced the opening of its fifth International Business Exchange (IBX) data centre in Singapore, SG5.
With an initial investment of US$144 million, the purpose-built facility helps address the need for a sustainable, future-ready digital infrastructure to enhance enterprises’ journey towards digital adoption and resiliency.
The SG5 IBX is a new nine-story facility located at the Tanjong Kling data centre park. Its addition strengthens Equinix’s cross-island presence and location diversity, with all five of its current IBX data centres strategically spread across the island.
The first phase of the SG5 IBX has more than 41,700 square feet (more than 3,970 square meters) of colocation space, offering an initial capacity of 1,300 cabinets.
Once it is fully built, it will offer 5,000 cabinets, with a total colocation space of close to 129,000 square feet (12,000 square meters).
Building digital acceleration & resiliency
Sandra Ng, Group Vice President, Practice Group, IDC Asia/Pacific said: “2021 opens new chapters for organisations on their way to the future enterprise, with the appearance of two interconnected DX cornerstone themes — digital acceleration and digital resiliency. IDC predicts a platform-based approach for digital resiliency will lead to better business performance. The rise of new data centres built in Singapore will further strengthen the country’s Smart City digital infrastructure and help drive business ecosystems towards collaboration and co-innovation with sustainability in mind for the future.”
The SG5 IBX is directly connected to the four existing Equinix IBX data centers in Singapore via low-latency dark fiber links and will enable customers to securely interconnect with more than 700 companies in the market.
Joo Seng Wong, Co-founder & Chief Executive Officer, Spark Systems Pte Ltd is of the view that Singapore is well-placed to serve the region and this will further crystalise its position amongst top global financial hubs, like New York, London and Tokyo.
“With the inclusion of SG5, the time it takes for a financial trade transaction is expected to drop significantly from 360 milliseconds to 1 to 2 milliseconds. This is a quantum leap in terms of latency improvement which cannot be achieved without the infrastructure that Equinix provides,” he said.
This will allow customers to choose from a broad range of network services from over 200 providers, and interconnect directly to customers and partners on Platform Equinix in their digital supply chain, the company said.
Over the years, Equinix has been working with the government of Singapore and the wider business ecosystem to enable stakeholders in the private and public sectors to access global digital pathways, underpinning and driving innovation forward. Equinix hosts the most network-dense data centres in Singapore, and its IBX data centres have been purpose-built to meet stringent safety and data security guidelines of the Monetary Authority of Singapore (MAS).
Digitalisation: a Top Priority
Singapore’s Smart Nation initiative and digitalisation efforts over the years have led local and regional businesses to realize the importance of an agile and resilient digital infrastructure to their business success.
According to the latest Equinix Global Tech Trends Survey, 88 per cent of surveyed companies in Singapore indicated that digitising their IT infrastructure was a top priority, with 66 per cent believing interconnection will help them navigate challenges.
Jeremy Deutsch, President, Equinix Asia-Pacific opined that businesses in the Asia-Pacific region continue to increase their demand for digital infrastructure, with Singapore being the epicenter for digital business growth in the region.
“We see a growing shift in the priorities of business leaders towards investing in environmental, social and governance initiatives when they consider their digital transformation plans, and Equinix is in full alignment with these goals as we put our sustainability targets into action. The expanded footprint in Singapore further brings our global target towards building the digital infrastructure of tomorrow responsibly and sustainably.”
Sustainability is becoming increasingly important for Singapore and businesses worldwide. Equinix’s Future First sustainability strategy and its 100 per cent renewable energy goal are aligned with the country’s sustainable agenda, including the Singapore Green Plan 2030.
Yee May Leong, Managing Director, Equinix South Asia said: “Singapore continues to flourish as the regional hub for digital exchange. Global businesses look to Singapore as the key location for where they build their digital infrastructure and leverage the ecosystem and cloud services available to ensure resilience, grow and scale across Asia-Pacific. As Singapore continues its Smart Nation journey and towards its National Green Plan 2030, we continue to support the digital transformation of the private and public sector with commitment in action for environmental sustainability.”
Addressing the urgency of climate change, Equinix is aiming to become climate-neutral and make a 50 per cent absolute reduction in Scope 1 and 2 emissions across its global operation from a 2019 base year by 2030 as part of its Science-Based Target initiative.
Aligned with the Paris Climate Agreement, this commitment is a critical step as Equinix continues to advance investments and innovations to reduce greenhouse gas emissions.