Data Economy celebrates 100 days online. Thank you for your support!
Data Economy celebrates 100 days online. Thank you for your support!
Monday, May 1, 2017
By DE Newsroom Published: 10:45, 23 December, 2016 Updated: 11:52, 23 December, 2016
By DE Newsroom Published: 17:30, 31 March, 2017 Updated: 17:30, 31 March, 2017
Euromoney has acquired an initial 49% stake in BroadGroup, a London-based events and publishing business operating in the fast-growing area of data centre and cloud services, together with their financing.
BroadGroup was founded in 2002 by an entrepreneur Philip Low who, over the past decade, has successfully built and hosted a series of events for data centre, cloud and IT infrastructure executives.
In June, BroadGroup hosts its flagship event, Datacloud Global Congress, an annual event in Monaco attended by delegates from more than 50 countries and has additional events in the Nordic and Asia markets.
It is the leading networking and deal making forum for data centre and cloud IT infrastructure end-users, software, solutions providers, investors and a broad range of companies engaged in the sector.
BroadGroup will be managed as part of Rosalind Irving’s Telcap portfolio, expanding Euromoney’s presence in the telecoms markets.
Rosalind Irving stated: “We admire the position in the market occupied by BroadGroup’s events and we feel that the business has excellent growth potential. This can be maximised by our two organisations joining forces to offer a valuable series of events for the dynamic and rapidly developing telecoms market”
“BroadGroup is focused on continued growth in data centre markets globally, and this exciting project joining forces with Euromoney allows us to accelerate the expansion of our flagship brands to become leaders in each region,” said Philip Low, chairman.
“This new opportunity reinforces our strategy to deliver value for our customers, sponsors and delegates at events around the world.”
Data Economy is the trusted BroadGroup brand for information, data and insight into the data centre and cloud sectors.
About Euromoney Institutional Investor PLC
Euromoney Institutional Investor PLC is listed on the London Stock Exchange and is a member of the FTSE 250 share index. It is an international business-to-business information group focused primarily on asset management, pricing, data and market intelligence, and banking and finance under brands including BCA Research, Ned Davis Research, Metal Bulletin, Euromoney and Institutional Investor. The group also runs an extensive portfolio of events for the telecoms, financial and commodities markets. Its main offices are in London, New York, Montreal, Hong Kong and Sofia, and more than a third of its revenues are derived from emerging markets.
By João Marques Lima Published: 15:02, 10 January, 2017 Updated: 15:02, 10 January, 2017
The European Commission (EC) has today launched a public consultation aimed at member states and stakeholders in an attempt to shape the future policy agenda of the EU.
The consultation has been launched as part of the commission’s Digital Single Market strategy which seeks to take down barriers to digitalisation across the EU and modernise the IT segment of the pan-continental organisation and its 28 member states.
The EC estimates the EU could benefit from an extra €415bn a year if it adopts the right strategy to absorb the opportunities linked to the digital age economy.
According to the EC, the EU data economy was estimated at €272bn in 2015 (CAGR of 5.6%) and could employ 7.4 million people by 2020.
With that in mind, Andrus Ansip, VP for the Digital Single Market, today launched the “Building the European Data Economy” initiative consisting of a communication document and a staff working document.
In the staff working document, the EC suggests that Europe is not tapping into the potential of data for business, research and innovation purposes.
In the document it reads: “Part of building a vibrant European Data Economy is to enable providers and users of data-driven services, such as cloud computing, to benefit from a single market that does not restrict the flow of data across borders.”
The organisation wants now to address “unjustified restrictions” to the free movement of data across borders as well as several legal uncertainties.
In the ‘communication’ document, the EC outlines policy and legal solutions to build Europe’s data economy.
The Commission also launched two public consultations and a debate with member states and stakeholders to define the next steps.
Ansip said: “Data should be able to flow freely between locations, across borders and within a single data space. In Europe, data flow and data access are often held up by localisation rules or other technical and legal barriers.
“If we want our data economy to produce growth and jobs, data needs to be used. But to be used, it also needs to be available and analysed.
“We need a coordinated and pan-European approach to make the most of data opportunities, building on strong EU rules to protect personal data and privacy.”
In order to make the most of data for the European economy, the Commission said it will engage in structured dialogues with member states and stakeholders to discuss the proportionality of data localisation restrictions.
“The goal is also to collect further evidence on the nature of these restrictions and their impact on businesses, especially SMEs and startups, and public sector organisations,” the EC said in a statement.
In addition, the commission said it will launch enforcement actions and, if necessary, take further initiatives to address unjustified or disproportionate data location restrictions.
The commission has also looked at legal uncertainties created by emerging issues in the data economy and seeks views on possible policy and legal responses regarding data access and transfer, liability related to data-based products and services, and data portability.
Elżbieta Bieńkowska, Commissioner in charge of Internal Market, Industry, Entrepreneurship and SMEs, said: “To ensure that Europe is successful in the new era of the industrial economy, we need a solid and predictable framework for data flow within the Single Market.
“Clear data access, security and liability rules are key for European companies, SMEs and start-ups to fully grasp the growth potential of the Internet of Things.
“Instead of building digital borders we should focus on building a European data economy that is fully integrated to and competitive within the global data economy.”
The consultation on building the European data economy will run until 26 April 2017 and feed into the commission’s possible future initiative on the European Data Economy later in 2017.
Reactions from across Europe were mixed with Antony Walker, deputy CEO techUK, saying that the overall Digital Single Market strategy is wrong from the beginning.
He said: “European Member States need to think hard about whether the proposals released today will help then grow their digital economies.
“Unfortunately, Brexit will not shield UK businesses from the negative impact of these proposals. All businesses exporting goods into the EU post-Brexit will need to be compliant.
“EU Member States need to wake up to the fact that the European Commission is getting the Digital Single Market (DSM) strategy wrong and consider the impact of these proposals, and others such as the Copyright proposals and the proposed E-Privacy Regulation on their ambitions to grow their economies in a digital age.”
Walker continued saying that the DSM has “effectively been an exercise” in levelling up regulation rather than in re-thinking what effective and appropriate regulation should look like in a digital age.
He said: “This is a missed opportunity for Europe.”
EC sees data centres as heart of Data Economy
As data lakes grow, the need to more reliant and safe data centres is also booming all across the union.
The EC says in the staff working document that, in most cases, the level of security of data in electronic format does not depend on its storage location, but rather on the security of the IT infrastructure and strength of the encryption techniques used.
“Ways to achieve secure data storage or processing include removing obstacles to keep data in larger state of the art data centres, which are much less vulnerable to attacks, and enabling crossborder cooperation, i.e. one data centre being the back-up of another located in a different member state.”
The commission continues saying that the free flow of data is a necessary pre-condition to the development of large data centres serving the continent and attracting data business to Europe.
Currently, out of the top 25 public cloud service providers active on the EU market, 17 with headquarters in the US collectively generate 83% of revenues, according to IDC’s Uptake of Cloud in Europe study.
The report has also identified that seven EU-based providers account for 14%. The remaining 3% of revenues are spread across small providers, generally EU based.
Some estimates by the ECIPE show that data centre construction costs may be up to 120% higher and operating costs may also double in some European locations compared to others.
This is, according to the EC, because of higher land, labour and operating costs, such as higher energy prices or increased energy consumption to maintain efficient operating temperatures when located in warmer European regions.
The EU average data centre lifetime cost (excluding land costs and capital costs associated with servers and other equipment)17 is €276.9m.
By DE Newsroom Published: 09:00, 23 November, 2016 Updated: 14:10, 23 November, 2016
London – 23 November, 2016 — Data Economy, the recently launched news resource will merge with the long established Datacentres.com following acquisition and will launch a new daily online newsletter.
By leveraging the multiple distribution channels of datacentres.com the new publication will bridge two different but complementary parts of industry coverage, Data Economy intends to build the world’s most comprehensive portfolio of cloud and data centre news coverage.
“We believe that the acquisition of Datacentres.com is the right next step in our growth trajectory and is a testament the Data Economy team mission to transform reporting on the coalescing trends in cloud, data centre and infrastructure, as well as the investors behind them,” commented João Marques Lima, Editor of Data Economy.
This acquisition will accelerate the content portfolio, and extend the news offering throughout the publication.
“Today’s announcement is great news for our partners and customers,” said Philip Low, chairman, BroadGroup, and owner of Data Economy.
“The website is already expanding and recognized by PRs for Fortune 500 tech companies. We are incorporating search for the last six years and adding a tremendous range of media and content which gives outstanding value for readers and strong web presence.”
Jonathan Heap, founder of the iXNewsSearch that underpinned the Datacentres.com content, commented: “After 16 years of providing news content, I am very proud of the service that we have established as the longest daily global news provider in the datacentre industry.
“We have seen many changes in the way our clients receive and digest information over these years, and this move to Data Economy, under the sole ownership of BroadGroup, is illustrative of another market-leading strategy to deliver timely, value-adding news content to its readership”.
Data Economy is targeted at senior executives and business decision makers in operators, providers and enterprises, and investors offering a window to the booming data industry.
The new daily newsletter will launch November 30th 2016. Subscribe free to the daily newsletter.