Business Intelligence (BI) News

Recent industry report about Business Intelligence (BI) company news, including latest market trends and industry updates in 2024. This sector news is compiled by Mordor Intelligence™ Business Intelligence (BI) Market industry experts.

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Business Intelligence (BI) News

  • May 2023: Rackspace US Inc announced Object Storage which enables organizations securely store and utilize large pools of unstructured data, where Rackspace Object Storage saves substantial costs by eliminating data egress, retrieval, and transaction charges. In many cases, the Rackspace Object Storage solution can save more than 80% over hyper-scale cloud storage options. For multi-cloud customers operating modern S3-enabled applications, this is a new paradigm that facilitates better performance and lower costs, even as data-intensive applications continue to drive up the need for storage,
  • May 2023: GoodData announced the release of its new Last Mile ETL feature, which helps customers streamline their data management processes, enabling more effective use of time and resources and maximized data velocity. It fully supports changes made to the logical data model (LDM) within the GoodData interface without affecting the data and data structure in a user's database.
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  • March 2024 - Lendlease, an international integrated real estate group and Princeton Digital Group (PDG) jointly announced the completion of the core and shell construction for Phase 1 of the TY1 data center campus, boasting a capacity of 96 MW, making it one of Japan's largest. Situated 30km north of central Tokyo, the TY1 campus spans 33,000 sqm in Saitama City, a key commercial hub in the Greater Tokyo area. The initial phase of the project features a six-story, 48 MW facility. TY1 marks the inaugural project under the Lendlease Data Centre Partners fund and represents PDG's debut in the Japanese data center market.
  • May 2023 - Princeton Digital Group (PDG), Asia's premier data center provider, inked a firm deal with JLand Group (JLG), Johor Corporation's real estate and infrastructure wing. The agreement entailed the acquisition of 31 acres of land in Sedenak Tech Park (STeP), Johor, earmarked for a 150 MW hyperscale campus. PDG committed RM 2 billion (approximately USD 450 million) to this venture, with the initial 60 MW slated for completion by Q2 2024.
  • February 2023: The French data center company Data4 announced plans for a new site in Hanau, Germany, on the site of a former army barracks in Hanu, east of Frankfurt. Previously, the GIC-backed European logistics real estate company P3 Logistic Parks had announced a large data center campus on this site. Data4 revealed plans for a sizable data center park after purchasing the roughly 20-hectare site from P3. Data4 intends to develop a campus of its data centers.
  • January 2023: CyrusOne acquired an office complex in Frankfurt, Germany, with plans to turn it into a data center campus. The investment group Corum sold the Europark office complex in Frankfurt for EUR 95 million (USD 102.3 million) before confirming that CyrusOne was the buyer. This acquisition is expected to boost opportunities for the vendors in the market.

  • July 2023: Juniper Networks, a leading provider of secure AI-driven networks, announced the launch of the new EX4100 series, an enterprise-class wired access switch. This switch leverages a modern microservices cloud and Mist AI to deliver superior performance, ease of use, flexibility, and security, providing access to all enterprise layer switching environments, including campus fabric architectures.
  • May 2023: NVIDIA has announced SpectrumXtreme, an accelerated networking platform manufactured to enhance the performance and efficiency of the cloud-based on Ethernet AI. NVIDIA Spectrum-X is developed on networking developments powered by the firm coupling of the NVIDIA Spectrum-4 Ethernet switch with the NVIDIA BlueField-3 DPU, attaining 1.7x better overall AI performance and power efficiency, along with consistent, predictable performance in multi-tenant environments.
  • May 2024: Vantage Data Centers, a leading data center provider, commenced construction on its inaugural campus in Japan, situated in northern Osaka. This expansive campus covers 485,000 sq. ft (45,000 sq. m) and will house two cutting-edge data center facilities. The primary data center, boasting a 28MW IT capacity, is on track to go live in early 2026.
  • June 2023: Digital Edge, in collaboration with real estate developer Hulic, unveiled plans for TYO7, an eight-story data center. The center has been designed to cater to the rising demands of end users and is slated to commence services in 2025.
  • January 2024: The ACS group was selected to build a hyperscale data center campus for meta in Jeffersonville, Indiana, through Turner Construction Company. The nearly 700,000-square-foot campus is expected to feature several data center buildings. Once completed, the Jeffersonville data center is anticipated to cost over USD 800 million to build.
  • October 2023: JLL, Lumen Technologies, and Schneider Electric are expected to offer customers around the United States modular data centers. JLL is anticipated to identify and select locations for the initiative, including approximately 5,000 sites across Lumen's fiber network. Schneider Electric brings its expertise in design and construction, with the agreement aiming to have ready-to-use modular data centers available in six to nine months.
  • October 2023: Arista Networks has introduced a portfolio of 25G Ethernet switches to support primarily financial applications that demand high performance and low latency. The new 7130 25G Series boxes are a significant power and features upgrade over the vendor’s current 7130 10G Ethernet line of devices and promise to reduce link latency 2.5-fold for data transmission by reducing queuing, serialization delays and eliminating the need for latency-inducing Forward Error Correction (FEC) typically required by 25G Ethernet.
  • May 2023: NVIDIA has announced SpectrumXtreme, an accelerated networking platform manufactured to enhance the performance and efficiency of the cloud-based on Ethernet AI. NVIDIA Spectrum-X is developed on networking developments powered by the firm coupling of the NVIDIA Spectrum-4 Ethernet switch with the NVIDIA BlueField-3 DPU, attaining 1.7x better overall AI performance and power efficiency, along with consistent, predictable performance in multi-tenant environments.
  • July 2023: Juniper Networks, a leading provider of secure AI-driven networks, announced the launch of an enterprise-class wired access switch, the new EX4100 series. This switch leverages a modern microservices cloud and Mist AI to deliver superior performance, ease of use, flexibility, and security, granting access to all enterprise layer switching environments, including campus fabric architectures.
  • May 2023: NVIDIA has announced SpectrumXtreme, an accelerated networking platform manufactured to enhance the performance and efficiency of the cloud-based on Ethernet AI. NVIDIA Spectrum-X is developed on networking developments powered by the firm coupling of the NVIDIA Spectrum-4 Ethernet switch with the NVIDIA BlueField-3 DPU, attaining 1.7x better overall AI performance and power efficiency, along with consistent, predictable performance in multi-tenant en
  • July 2023: Juniper Networks, a leading provider of secure AI-driven networks, announced the launch of an enterprise-class wired access switch. Leveraging a modern microservices cloud and Mist AI, this switch promises superior performance, ease of use, flexibility, and security, introduced as the new EX4100 series. It offers access to all enterprise layer switching environments, including campus fabric architectures.
  • May 2023: NVIDIA has announced SpectrumXtreme, an accelerated networking platform manufactured to enhance the performance and efficiency of the cloud-based on Ethernet AI. NVIDIA Spectrum-X is developed on networking developments powered by the firm coupling of the NVIDIA Spectrum-4 Ethernet switch with the NVIDIA BlueField-3 DPU, attaining 1.7x better overall AI performance and power efficiency, along with consistent, predictable performance in multi-tenant environments.
  • November 2022: Sany Heavy Machine officially announced the launch of a Cloud Data Center in Kunshan, Jiangsu; the launch of the new data center added a strategic resource to the company and also represented the digital growth of the company.
  • May 2022: The UK-based data center operation, controlled by Jiangsu Shagang Group, a Chinese steelmaker, started formal sale proceedings. This was considered to be around a USD 10 Billion Sale to get strategic international investors in the company.
  • In September 2023, Equinix revealed that its data centers in Los Angeles and Sydney, Australia, will connect to Southern Cross Cables' latest NEXT submarine cable system. This enhancement strengthens the bandwidth link between Australia, New Zealand, and the United States.
  • In May 2024, Prime Data Centers, a wholesale data center provider, announced that Madrid will be the site of its new 26,000 square-meter data center. Prime also plans to open another data center in Los Angeles this October.

Business Intelligence (BI) Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)