N. Virginia’s Tight Information Center Real Estate Market Just Obtained Tighter

DCK Investor Edge

The Northern Virginia data center real-estate craze got even hotter a week back, when Digital Real estate Depend on revealed an acquisition of a vast, 424-acre story next to the Washington Dulles International Airport.Already the largest data facility property owner in the area– without a doubt the world’s largest calculating property market– Digital now has plenty of path for additional growth in a market where ideal land for data facility construction has gotten very tight.Attracted by the big quantity of networks interconnecting in Northern Virginia’s information centers, reasonably reduced energy prices, and also business-friendly local authorities, hyperscale cloud platforms have actually been gathering to the area in the last few years, bringing along billions in investment in building and construction by the similarity Digital, proprietors anxious to safeguard large-capacity, long-lasting leases with some of the world’s richest, most credit-worthy renters– the similarity Amazon, Facebook, Google, and Microsoft.Until just recently, availability of big systems of land appropriate for data facility construction was also something that

made Northern Virginia– the market including so-called Information Facility Alley, Royal Prince William County, and also adjacent areas– attractive. Yet that’s now transformed drastically.According to a recent Jones Lang LaSalle market record, web absorption of 166MW of data facility capability during the initial half of 2018 smashed all previous leasing records. That’s greater than full-year absorption of 115MW in Northern Virginia in 2017– a document year before now.About one year back, Tom Sandin, principal at Avison Youthful, informed Data Facility Expertise< a href =https://www.datacenterknowledge.com/business/dck-investor-edge-few-moves-left-n-virginia-chessboard

> there were already couple of good actions left for information center players on the Northern Virginia real estate chessboard.Needless to claim, there are also fewer currently, as existing players (including Digital Realty, which currently additionally possesses the previous DuPont Fabros Innovation campus in Ashburn; Equinix, CyrusOne, RagingWire, CoreSite, Infomart, as well as Sabey )expanded in the market and new ones entered.About 1,700 acres were acquired on the market for data facility usage in between 2011 and also August 2017, Sandin told us. In 2015, there was still plenty of land near the original Equinix university

offered for acquisition: Tom Sandin Current entrants to the market include Cloud HQ, Iron Hill, QTS Real Estate, Vantage, Aligned Power, Cologix, EdgeCore, as well as Compass.Here’s what the map of the very same location resembles today: Tom Sandin

From August

2017 through September 2018, over 1,500 acres were acquired in Northern Virginia, according to Sandin. That’s not consisting of Digital realty’s recent 424-acre buy.

“As land costs rise as a result of a decreasing supply of undeveloped land, Loudoun Region continues to cultivate an inviting setting for information centers,” Sandin claimed. Those initiatives consist of a current relocate to approve three- and also four-story information facility developments. “This will open up a whole brand-new supply of chances in Data Facility Alley.”

In simply a year’s time, concerning 2,000 acres of Northern Virginia land appropriate for data centers has been bought or is under contract. This consists of Loudoun and Prince William Counties and also close-by buildings. The most pricey land remains in Ashburn adjacent to the original Equinix campus, the carrier-neutral connectivity hub that put Loudoun County on the map 20 years earlier. Tom Sandin Northern Virginia land cost trends As Ashburn ends up being increasingly more expensive, close-by Royal prince William County has actually emerged as a vital pin in the map. Digital Real estate, as an example, purchased 62 acres in Manassas in June at simply $261,000 per acre.Besides supply of cheaper land that’s not far from Ashburn, Royal Prince William

offers hyperscale platforms a place for redundant accessibility areas in the exact same region. A data center in Prince William can operate in tandem with one in Ashburn, one taking over for the other in case of an outage.Investor Edge Also after a number of years of boom, regional information center realty professionals agree that the leasing pipe remains robust in Northern Virginia, driven mainly by hyperscale cloud platforms.The hyperscale leases are ending up being significantly bigger and also longer(currently 10 to 15 years). The capacity to win offers and authorize leases in such a competitive environment is progressively dependent on existing partnerships, financial toughness, functional quality, and also having the ideal product available, along with a contractual guarantee for room to expand. That last variable now plays a huge duty in an information facility programmer’s capacity to win hyperscale offers.

Artificial intelligence: Data will be the differentiator in the marketplace

Artificial intelligence: Data will be the differentiator in the marketplace

Kicking off Information Age’s Artificial Intelligence Month, we look at the importance of data in the future adoption of AI; with the help of Greg Hanson, CTO & VP at Informatica Artificial intelligence: It’s all about the data image

‘AI can help to make sure that that propagation of data and the lifecycle of that data is tracked, traced and made available to organisations to help manage, and prove that they are a good custodian of someone’s data’.

Artificial intelligence is rapidly becoming the core foundation of the Cloud-Platform-as-a-Service model being offered by ‘mega vendors’ to their customers. This trend is emerging in the cloud space, and as a result, it is going to become increasingly easy for organisations to adopt forms of artificial intelligence.

Businesses are going to need to start leveraging AI to cope with the ever-expanding volume of data generated by trends, such as the Internet of Things. But there are challenges. And organisations need to have a note of caution around how they adopt AI.

“If you put garbage [data] in, you’ll get garbage [data] out,” explains Greg Hanson, CTO & VP at Informatica.

“What we actually need is not just artificial intelligence in the analytics layer — in terms of generating graphical views of data and making decisions in real time around data — we need to make sure that we’ve got artificial intelligence in the backend to ensure we’ve got well-curated data going into our analytics engines.”

If businesses don’t do this, they won’t see the benefit of analytical AI in businesses moving forward. It will be an exercise in futility.

“In my opinion, a lot of mistakes could be made, some serious mistakes [that will damage the necessary future adoption of AI in business], if we don’t make sure that we train our analytical AI with high quality, well-curated data,” adds Hanson.

Simply, if the data sets aren’t good, then AI advocates in organisations are not going to get the results they expect. This could hinder any future investment in the technology.

Greg Hanson believes it is all about the data when it comes to successfully implementing AI

Greg Hanson believes it is all about the data when it comes to successfully implementing AI.

Data diplomacy

In the next few years, the Amazon-style marketplace will continue to develop. Here, different vendors offering a variety of products will be available, alongside a ratings-associated system based on the reviews of people in the industry. Increasingly, things like trust scores will start to evolve where it’s all about how the individuals, and whether they choose do business with an organisation based on how that organisation treats their data.

This is the concept of the data diplomacy, “because, really, the data is never owned by an organisation,” says Hanson.

“Data diplomacy is really about making sure that my data passport, for want of a better word, is well governed. If I’m an organisation wanting to demonstrate that I can curate and look after your data, then it should be easy for me to comply with things like the right to be forgotten,where I know where your data resides and assure how it’s moved and so on. Increasingly, this will be a differentiator in the marketplace.”

As data becomes increasingly critical to society and business, the idea of data diplomacy emerges

As data becomes increasingly critical to society and business, the idea of data diplomacy emerges.

AI and data curation

“It’s not so much about the last mile of generating a report or generating some analysis, which is where AI is currently being deployed. It’s, arguably, as important to make sure AI is deployed to capture how data is curated, how it’s changed in terms of the quality and how data propagates,” explains Hanson.

The implementation of AI in data curation will allow businesses to track and trace the lifecycle and propagation of data throughout a company. Organisations that can’t do that will struggle to truly look after their customer’s data. And, therefore, hinder consumer trust, while having regulatory implications.

“AI can help to make sure that that propagation of data and the lifecycle of that data is tracked, traced and made available to organisations to help manage, and prove that they are a good custodian of someone’s data,” continues Hanson.

The stewards of data

In any organisation it is important for every employee to use consumer data in an appropriate way — in line with regulations and morality.

But who should be the custodian of data? Is it the CIO, CTO or CDO? Hanson believes it is the CIO who should become the steward of data.

The role is evolving, and now we are seeing two types of CIO. There’s the CIO who keeps the lights on CIO, and there’s the CIO who concerns themselves with data. In order to maintain their position in terms of the hierarchy of an organisation, CIOs need to be investing their time and education around how they look after an organisation’s data.

“The adoption of AI, the propagation of data, the governance and the quality of data, is becoming a key aspect of the CIO’s role moving forward,” explains Hanson. “It’s not about managing costs and speeds, it’s about managing data and that should be the single aspect that they concern themselves with. And everything else is backing up that strategy.”

And, the CTO?

The CTO, in general, should focus on the innovation side of things. Their role is about making sure that they can translate a business’s requirements into a requirement for projects, technology and data.

“The CTO focuses themselves on how they should innovate with data, in terms of adopting a new technology or a new platform, rather than looking after it,” says Hanson.

“A good CTO understands what the business initiatives and imperatives are, in terms of growth and new markets, and understands the competitive landscape.”

“Then it’s about the use of data, combined with new innovations in technology [like AI], in order to help organisation’s differentiate in the market.”

The role should focus on how best to leverage data with new AI engines, new data platforms and new cloud, in order to do things smarter and quicker, while being more responsive to the consumer base.

Group creates database of plant-based menu options

BREVARD — A little over three years ago, Indian Harbor Beach resident Keenun Barley started a small, private Facebook group for a few friends who wanted to share plant-based recipes, post pictures of restaurant meals or ask questions about plant-based eating.

As that group’s membership grew to more than 600 members, with another 50 on the waiting list as of Sept. 6, its popularity prompted Ms. Barley to create a website and public Facebook page geared toward similar topics.

The website, , launched Sept. 4 while its companion Facebook page, Plant-Based Brevard, became available earlier this year.

The driving force behind the website is to offer a database of restaurants in Brevard County that lists each restaurant’s vegan menu items. The website also includes an event calendar and a blog that features restaurant reviews and profiles of local vegan residents.

To go along with the restaurant theme, Plant-Based Brevard’s Facebook page highlights eateries and stores that are offering plant-based items, restaurant specials and events.

“Everybody kept asking the same questions [about restaurants],” Ms. Barley said of the original group’s members.

“Eventually it became evident that we needed to create a shareable database for anyone in the area who needed or wanted all the info that we share in our group, so here we are!” Plant-Based Brevard’s website adds. “We are all very excited to offer these resources to the residents of our county and all who visit.”

Like the original Facebook group, Plant-Based Brevard’s new website and Facebook page are targeted not only toward people who already eat vegan diets, but also omnivores who want to try more meatless dishes or find meals they can enjoy with a vegan family member.

The open format is meant to be welcoming and focused on food only – not nutrition, animal rights or related issues that sometimes come up in vegan food groups and can lead to criticism of a person’s choice to eat vegan only some of the time, or to eat vegan food that could be considered junk food, Ms. Barley explained.

The website currently features more than 25 full listings and about 30 listings that have been partially completed.

As there are at least 100 more to add, the group is looking for volunteers who can help call restaurants to collect information on their menus, Ms. Barley said.

Any restaurant that has vegan menu options can be included in the database.

“I really wanted to show people that there are lots of options right here in Brevard County,” said Ms. Barley, who moved to the Space Coast from Orlando four years ago. “I can eat anywhere here and I’m not just talking about salads and veggie burgers.”

“Things are changing here in such a big way and I’m just thrilled to be a part of it,” Ms. Barley added.

In providing information about local restaurants to residents and visitors, Plant-Based Brevard has also helped restaurants expand their customer base, Ms. Barley noted.

After recently volunteering to serve as a taste tester for a new vegan cheese pizza at NY Pizza Spot & Italian Kitchen in West Melbourne, for example, Ms. Barley made a post about the experience on Facebook and it helped the restaurant swiftly sell numerous vegan pizzas.

For more information, visit

or find Plant-Based Brevard on Facebook.

Global payments firms to urge finance minister Arun Jaitley to ease data storage norm

NEW DELHI: Global payments firms including , and PayPal are expected to meet finance minister Arun Jaitley on Friday, seeking more time to comply with the norms laid down by the banking regulator, according to four executives from payments companies aware of the development. The companies are also seeking a relaxation in the Reserve Bank order that mandates storage of data within the country.

The companies are also seeking a relaxation in the Reserve Bank order that mandates storage of data within the country. The last-minute push to seek help from the government comes even as global payments firms have failed to convince to defer the October 15 deadline to store data of Indian consumers exclusively within the country.

Following the order in April, several payments companies had sought permission to store a copy of the data locally with another set stored in international servers, termed as ‘data mirroring’. “Our key asks from FM Jaitley at the meeting will be knowing what the government stance will be and probably letting them know how difficult it is to implement the order,” an executive of a payments company said.

“We expected RBI to be more consultative. They have always been very consultative. They promised they will issue aset of guidelines (FAQs) for the industry, which has also not come.” There is a sense of panic among companies over the looming deadline as they are not operationally ready to comply with the order. The absence of communication and clarification from the banking regulator has only added to their worries.

“The situation is not clear, with RBI maintaining a stoic silence over the issue. We are getting some feelers from the government that they could come to the other solution — data mirroring. But RBI is quite rigid,” said an executive with a payments company, who did not want to be named.

RBI did not reply to queries from ET.

The delegation will include industry associations such as the US-India Strategic Partnership Forum (USISPF). Representatives of companies such as , and Amazon are also expected to join the delegation, said the four company executives cited above. PayPal declined to comment on regulatory matters. Amazon said it would comply with local laws but did not reply to a query on whether it would be a part of the delegation that would meet Jaitley.

“Compliance with local laws and regulation is a top priority for us in all the countries we operate in. We continue to work with the industry to ensure the stability and growth of the digital payments ecosystem,” a representative for Amazon said.

Google, MasterCard and Facebook did not respond to queries seeking comments. Company executives are of the view that if data mirroring is allowed, they would need extension till at least December to be compliant. Setting up owned data centres within India would take 18-24 months, they said.

In April, RBI set a six-month deadline for banks and payments firms to house the entire transaction data of Indian consumers within the country.

‘SECOND WAVE OF DEMONETISATION’
“If the deadline is not extended, companies may be asked to switch off. It may be like a second wave of for payments companies, especially big ones like Visa and MasterCard,” said another official of a payments company.

“They can’t, after all, overnight stop 900 million cards in the country from functioning,” said a third official, adding that the industry is hopeful of a last-minute respite from RBI. At present, India does not have a robust data privacy law.

The government is seeking public inputs on a draft data protection Bill, submitted by the Justice Srikrishna committee, which proposes that Internet and payments companies store a copy of all personal data of Indian users locally.

It has also recommended that critical personal data — to be defined by the government — be stored only in India, a provision that has sparked concern among global firms. The RBI directive came before the recommendations by the Justice Srikrishna committee, and payments industry officials say there could be chaos if the banking regulator does not relax its stand.

“We are hoping that after tomorrow’s (Friday) meeting, the government will step in so that RBI allows data mirroring with some deadline extension. Even the Srikrishna committee has allowed for mirroring,” said another official with a payments firm.

(With inputs from Pratik Bhakta in Bengaluru)