The London Olympics is causing a scramble for data center capacity as it puts pressure on an already overburdened power grid in the capital.
With no new data centers being built in central London, and the Olympic site and London Cross Rail diverting even more power, data centers are in severe danger or running out of capacity.
Half of mid-sized companies with 500 to 1,000 employees will need to ramp up their co-location needs in the next 12 months, according to a survey commissioned by virtual network operator Adapt. Some 43% of the 200 senior IT executives surveyed said that they don’t have a plan in place to manage the extra demands for server co-location.
Banking and finance would be the hardest hit, as industry demands such as Markets in Financial Instruments Directive and Sarbanes-Oxley add to the problems. Almost half of finance companies said their requirements would increase over the next 12 months.
Consolidation of data center operators, absorption of old capacity, and a shortage of new sites being built, means co-location now carries a scarcity value. With demand outstripping supply, it’s clearly not a buyer’s market, meaning the corporate sector will be under-serviced, said Adapt CEO Peter Knight.