Digital Realty opens new Cloud House facility at London Docklands campus

Thursday 12 September 2019 | 15:08 CET | News

Digital Realty, global provider of data centre, interconnection and colocation services, has officially opened the latest facility at its Digital Docklands campus of data centres in London.

The new Cloud House facility at the London Docklands campus will support the growth of the city's technology eco-system. A report from Development Economics, commissioned by Digital Realty, expects London to benefit from a multi-billion pound technology boom, driven by artificial intelligence (AI), IoT, 5G and blockchain technology.

These four technologies are expected to all GBP 6.25 billion to the London economy in 2019, with IoT contributing almost half (49%) of the total at GBP 3.09 billion. AI will be the 2nd largest contributor (32%) at GBP 1.99 billion, followed by blockchain (17%) at GBP 1.04 billion and 5G (2%) at GBP 130 million.

By 2029, these technologies are expected to contribute GBP 24.29 billion to London's economy, an increase of GBP 18.04 billion from 2019. AI will account for GBP 10.46 billion, followed by IoT at GBP 6.44 billion, 5G at GBP 4.29 billion and blockchain at GBP 3.09 billion.


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Categories: General
Companies: Digital Realty
Countries: United Kingdom
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