Spain
The Spanish economy is the largest in terms of Purchasing Power Parity and is the 14th largest in the world by nominal GDP. Import and Export rank in the top 20 globally. Spain is a mixed economy with roots in capitalism. The country is fairing great in terms of unemployment which reduced dramatically in the last 5 years, but the true unemployment rate is unknown with a much working population is working in grey areas or considered inactive due to lack of formal job terms and titles. To sum it up, Spain ranks 10th worldwide in terms of quality of life.
The arrival of the pandemic brought with it an unprecedented economic decline. Spain has suffered one of the largest contractions amongst EU countries with a GDP downturn of 12.8%. Metal, chemicals, textiles, apparel and tourism are some of the main industries in Spain and each has been impacted differently in the trying time. The tourism industry which accounts for 12% of GDP has suffered the worst while the chemicals industry is getting by with rising demands for disinfectants. Recovery too is expected to be uneven. The IMF predicted recovery growth in October 2020 was 7.2% which went onto be 5.9% according to the recalibration done in 2021.
In the service sector, small and medium enterprises are finding it hard to survive at a debt risk that was predicted to be 37% in 2020. But the government had been swift in its support to provide liquidity which created positive results as the growth in the third quarter of 2020 but remained 8.3% below the previous year. Helping along the way to achieve all the goals rudimentary for economic recovery is the ICT sector.
The ICT sector in Spain has been rising rapidly over the last decade and has been progressively adopted into public services. In 2018, the ICT turnover in Spain was about 4% of the GDP. According to IESE Insights, this sector ranks fourth in terms of economic contribution, most of which was inclined towards the telecommunication services in the early rising days. Currently, the high demand for digital infrastructure and cybersecurity along with broadband and other internet services has pulled the turnover for this sector above other main Spanish industries.
Nonetheless, the Spanish economy is facing its worst-ever economic crisis. The growth results from some of its industries are far from capable of pulling the national economic growth to match the pre-pandemic levels. The future is certain to rise though the pace is set to be slow and rocky.
Various Data Centers
Data has become one of the most powerful commodities today and no business can survive without accessing, storing, and using data in the best possible way.
The amount of data being produced by businesses daily is on the increase and managing such an enormous amount of data is becoming problematic and this is why powerful, advanced and big data centers are being deployed to manage, store, and access data.
Really how many types of data centers exist. Here are the different types of data centers;
Hyperscale Data Center: Also known as an enterprise hyper-scale data
center. This is one of the most advanced data centers available in this era. These types of data centers are owned, built and managed by the company that supports it and this is why it is used by only giant
organizations like Google, Amazon, Facebook, etc. In this type of datacenter, hypers-scale computing becomes a necessity for big data storage and also for the cloud. For your information, the average size of the hyper-scale data center is about 1000sq. feet.
Colocation Data Center: A co-location datacenter is that type of data
center where the owner of the single datacenter sells cooling, power, and space of the datacenter to different firms and other scale customers
at different locations. Interconnection is one of the most important factors in this type of datacenter. With this, businesses can call the power of a robust and advanced data center without dealing with much complexity. The co-location data centers have a completely different design withselected integrators' guidance, specification, and technical design for migrating customers.
Wholesale Data Center: These became popular in 2007 and 2008 as some companies like Facebook, Microsoft, and Yahoo required more
than just a rack or a cage, but wanted a much larger space and often didn't have enough time to build a new site. These facilities are commonly known as multi-tenant data centers (MTDC). There is a single owner in the case of a wholesale data center and that single owner sells
power, space, and cooling to hyper-scale firms and enterprises just like a standard co-location. But one important thing to know about wholesale data centers is that interconnection is not necessary. This type of data center is used by big companies to hold their IT infrastructure.
Enterprise Data Center: This is the one that most people are familiar with. It is owned and built by the end-user to house its data center. Many
corporations already have their data centers on their corporate campuses, and a few others are planning to create one. The enterprise data center has a completely different design and function from other data centers. It is mostly built on-site but, in some cases, it can be built
off-site as well. Furthermore, the corporate data center facility is managed by the business it serves. Other firms which be used for initial fit-outs and network implementation before the in-house IT team takes over management.
Telecom Data Center: This was the earliest form of outsourcing that occurred when companies hired AT & T, IBM, and HP. This has evolved and several managed services providers let companies manage some, or all, of their data center functions. The telecom data center is
responsible for cloud services, mobile services, and even for drivingcontent delivery. Usually, the company that owns the data center uses its staff to manage and install the site as well as continual routine.