As the digital economy grows, the Asia-Pacific (APAC) region, an emerging asset class, is experiencing a wave of investments into digital infrastructure. It triggers the demands for digital services alongside the rapid adoption of cutting-edge technologies like 5G, artificial intelligence, live streaming, and self-driving cars, propelling the region into a digital renaissance.
This ecosystem increases the demand for data storage capacities that can meet the increased power density and high-performance requirements of emerging technologies. However, the worldwide shortage of relevant support inhibits a healthy evolution of the global data center market. This can result to an increase in prices for acquiring data center capacity, with Singapore, a key player in the APAC region, experiencing the highest rental rates at $300 to $450 per month for a 250- to 500-kilowatt (kW) requirement.
In the face of similar challenges, using the right technology and a forward-thinking approach to drive innovation in data center design and operations becomes paramount to anticipate future demands. With the current parameters in mind, the digital revolution entails not just a technological imperative but a strategic necessity for sustainable growth and scalable progress for businesses, governments, and communities alike. By fostering collaborations with industry-players, the APAC region can lead the way in establishing resilient and future-ready data centers.
In this issue of APAC CIO Outlook, we showcase data center solutions providers who play a pivotal role in shaping the future of businesses. The magazine also features a company Alliance SI along with insights from Kirill Odintsov, Head of Risk Underwriting and Data Analytics Home Credit Indonesia; Ts. Lip Kar Lock, Vice President, Head of Digital & Data Management, Air Selangor; and Matías Millán, head of engineering and data governance, Banco Hipotecario.
We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesse
