It is no surprise that the UK has tough times ahead. However, data centre giants Equinix, Digital Realty and Next Generation Data have announced their plan to expand their data centre footprint in the UK. Why have they actively chosen to continue investing in the UK? Will this help the UK economy? What will this impact be post-Brexit? These are just a few of the questions I had upon reading this news.
Global businesses are moving from blockchain research to applying the technology to current business challenges. Many believe that this change will be taking place in the next 12 months. Linda Pawczuk, a principal with Deloitte Consulting, commented business ambition was shifting from “a focus on blockchain tourism and exploring the technology’s potential, to building practical applications”.
Hammond has promised the availability of fibre-to-the-premesis fibre broadband connections to 15 million homes in the UK by 2025. In addition, he is committed to delivering a nationwide full-fibre network to UK homes by 2033.
UK government is under increasing pressure to confirm whether BREXIT data flow between the UK and EU will be allowed to remain uninterrupted post-Brexit. Lack of even initial negotiations on data, now the lifeblood of the digital economy representing hundreds of billions of pounds of annual trade, raising concerns that the UK focus on tech in its post-Brexit plans, may run into problems if it can’t retain access to or process EU data.