The growth of cloud services and hyperscale computing means that more people than ever before are relying on the sheer power and capacity that data centers provide. And consumption of data is growing rapidly as a result of modern behaviour patterns. In April 2020, research found that 50,000 years’ worth of media was live-streamed on one day in the US alone, while globally, the total amount of data created, captured, copied, and consumed is forecast to rapidly increase from 64.2 zettabytes recorded in 2020 to over 180 zettabytes by 2025.
Advancements in artificial intelligence, 5G, video-on-demand and an ever-increasing number of IoT devices adds to the challenges associated with the secure storage and management of vast amounts of data.
GSTechnologies (LON:GST) overall development of the group includes large customer accounts and growing their blockchain payment and financial services business, with blue sky opportunities in new Disruptive Technologies with synergy to their existing business.