The Storage Boom
Business Today India|November 10, 2024
Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?
RAHUL OBEROI
The Storage Boom

INDIANS ARE FIRMLY hooked on to their mobile phones. From buying vegetables to studying online, from watching videos and making reels to filling up job applications, they use it for almost everything. It shows in the data.

An average Indian cell phone user consumes more than 19 gigabytes (GB) of data per month, the highest in the world. Nearly 80% of the country’s population owns a mobile phone, which works out to a whopping 1.13 billion handsets. And data consumption is expected to jump manifold because of the increased adoption of data-intensive technologies like artificial intelligence (AI) and machine learning that require a lot of computational power.

With all that data flowing around, India Inc. is rushing to build the conduits to help this new oil reach the farthest corners of the country. It is investing heavily in data centres to make the most of this opportunity. Global real estate services and investment firm CBRE believes that the value of India’s data centre market will soar from $4.35 billion in 2021 to a projected $10.09 billion by 2027.

That has forced established players in this space like CtrlS Datacenters and Yotta to increase their capacity to fend off challengers big and small, from conglomerates like the Adani Group and Reliance Industries to relatively smaller entrants like Anant Raj Limited.

The government, too, is working actively to put India at the forefront of this development. It has been promoting data centres and localised data storage by classifying them as essential infrastructure, like roads and energy, also keeping in mind the emerging geopolitical situation. The government’s ₹10,000-crore AI initiative will be instrumental in creating a network of high-performance data centres available for lease to industry stakeholders, enabling them to train and develop AI models effectively.

Bu hikaye Business Today India dergisinin November 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

Bu hikaye Business Today India dergisinin November 10, 2024 sayısından alınmıştır.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

BUSINESS TODAY INDIA DERGISINDEN DAHA FAZLA HIKAYETümünü görüntüle
The EV Craze
Business Today India

The EV Craze

The country’s growing luxury car market is seeing a shift with environmentally-conscious consumers betting on electric vehicles as a sustainable travel option. Though just 6%, the share of EVs in the luxury segment is rising rapidly

time-read
5 dak  |
November 10, 2024
The Storage Boom
Business Today India

The Storage Boom

Data centres are being built at a frenetic pace in india as companies scramble to meet the ballooning demand from mobile phone users and firms adopting al. Can the country’s energy infrastructure keep up?

time-read
8 dak  |
November 10, 2024
India Beckons
Business Today India

India Beckons

Owing to rising incomes in India and overall wealth expansion, luxury brands are wooing the country like never before

time-read
4 dak  |
November 10, 2024
The Pearls of The Sea
Business Today India

The Pearls of The Sea

Caviar, that rare food, is considered the epitome of fine dining. Here is everything that you need to know about it

time-read
4 dak  |
November 10, 2024
66.Brand persona should define the core"
Business Today India

66.Brand persona should define the core"

I’d say this was a strategic pivot. We had an iconic brand, but had, over time, evolved into diversified lines of businesses that could no longer be represented within the confines of our ‘name’.

time-read
1 min  |
November 10, 2024
Unwind in Style
Business Today India

Unwind in Style

Here is acomprehensive list of top tech picks that help you unwind by blending perfection in performance with luxury

time-read
3 dak  |
November 10, 2024
A Lifelong Affair with Inspiration
Business Today India

A Lifelong Affair with Inspiration

In my art journey, the diversity of my acquisitions mirrored the expanding horizons of my understanding of art

time-read
3 dak  |
November 10, 2024
Make it Bubbly
Business Today India

Make it Bubbly

Champagne is much more than just a symbol of celebration and success. Know about its nuances beyond the bubbles

time-read
4 dak  |
November 10, 2024
Palatial Splendour
Business Today India

Palatial Splendour

Buoyed by renewed demand, sales of the glitzy mansions of the ultra-rich are surging like never before. Real estate majors are looking to capitalise on this by launching luxury offerings in record numbers

time-read
7 dak  |
November 10, 2024
Of Beaches and Cream
Business Today India

Of Beaches and Cream

GianChand Single Malt Whisky

time-read
1 min  |
November 10, 2024