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Tet data center industry to grow 16% in 2024

In the first nine months of 2024, the data center business turnover of the technology and innovation company “Tet” has increased by 16% compared to the same period last year.

The number of businesses that have started to use data center services more actively is also increasing, including retail, e-commerce and manufacturing. Customer interest in moving their company’s IT infrastructure to data centers and cloud computing platforms has prompted the expansion of the company’s global data center infrastructure and the start of work on several new projects.

From May 2024, “Tet” has expanded the geographical coverage of the Tet Cloud platform and enables customers to place their data in Germany as well, in addition to the existing data centers already in Riga.

“Such a strategic step was taken, taking into account the interest of customers in providing a safe and reliable data storage infrastructure outside of Latvia. The new infrastructure is receiving a good response among customers, as it provides a lack of geographical infrastructure more than 1,500 kilometers away from Riga and is located in one of the -the most powerful and secure data centers FR5, owned by the reliable and recognized international data center service provider Equinix. “, said Tet data center business development manager Māris Sperga.

Investing 30 million euros, “Tet” will start work on the construction of a new DC7 data center in Salaspils next year. The data center’s technological systems offer innovative cyber security solutions, as well as unique opportunities for customers to store data in high-performance computing equipment, providing a cooling capacity of 30 kW + per rack. The Salaspils data center is the first project in Latvia, in which the thermal energy generated from the operation of the center will be transferred to the company “Salaspils Siltums” and delivered to local residents.

The new cybersecurity directive NIS2 and the increase in cyber attacks on enterprise systems have increased the demand for secure data storage services.

“In recent months, more and more companies in Latvia, especially in the retail, e-commerce and manufacturing sectors, have started using external data centers or cloud computing platforms for data storage. Companies more often choose a single reliable service provider that provides both infrastructure options and data usage, as well as IT security services,” explained M. Sperga.

Companies are also more interested in the possibilities of using artificial intelligence (AI) to improve the efficiency of their work and create new solutions for business development. “Tet” has also started research in this regard to offer customers an infrastructure that will ensure that AI solutions are integrated into the company’s processes already in 2025.

2024-10-11 08:05:00
#Tet #data #center #industry #grow

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