{"id":192550,"date":"2023-06-27T10:00:00","date_gmt":"2023-06-27T14:00:00","guid":{"rendered":"https:\/\/ibkrcampus.com\/?p=192550"},"modified":"2023-06-27T10:03:44","modified_gmt":"2023-06-27T14:03:44","slug":"the-most-transformational-echnology","status":"publish","type":"post","link":"https:\/\/www.interactivebrokers.com\/campus\/traders-insight\/securities\/macro\/the-most-transformational-echnology\/","title":{"rendered":"The “Most Transformational Technology”"},"content":{"rendered":"\n

Spoiler alert: this Blog post is not about AI (or not very much). Listen to Equinix \u2013 as we did at their biannual capital markets event<\/a> last week \u2013 and the world of technology can be thought of in much more basic terms. As the world\u2019s largest owner of digital independent infrastructure (data centres and interconnections), what Equinix says matters<\/strong>. Founded a quarter of a century ago, Equinix \u2013 a portmanteau of \u2018equal internet exchange\u2019 \u2013 has a presence in 32 countries across 6 continents.<\/p>\n\n\n\n

Digital, according to Chuck Meyers, the CEO of Equinix, has \u201celevated our standard of living\u201d to such an extent that it has to be considered \u201cthe most transformational technology.\u201d These are big words and constitute, arguably, a bold claim. Nonetheless, we concur and have argued consistently<\/a> in our work that technology needs to be thought of as an enabler, a means to enable the efficient allocation of scarce resource across all <\/em>industries<\/strong>. Equally, we have stated regularly<\/a>, that data have no value unless stored (where Equinix obviously plays a crucial role), secured and analysed.<\/p>\n\n\n\n

Readers may believe that the above is somewhat self-evident, but numbers shared by Equinix in its presentation highlight just how important and enduring this transformation remains. Per figures from IDC, digital transformation is growing eight times the rate of the global economy<\/strong>. In doing so, such transformation is expected to create a $100tr opportunity over the next decade<\/strong> (per the World Economic Forum). It is hard to dispute the assertion made by Chuck Meyers that \u201clarge companies must embrace digital or be left behind.\u201d<\/p>\n\n\n\n

AI-advocates can rest assured, for artificial intelligence will play a role<\/em> in this transformation. We think the nuance Equinix added to the debate \u2013 \u201cartificial intelligence will continue to be fuelled by human intelligence\u201d is a valid one. Put another way, AI\u2019s outputs are only as good as its inputs and the technology that enables it to function<\/strong> (for more, see our March 2023 piece<\/a>). AI as a theme will continue to run for decades. Ultimately, it will be everywhere \u2013 even if we don\u2019t realise it \u2013 but its datasets will still need to be stored and processed in data centres.<\/p>\n\n\n\n

—<\/p>\n\n\n\n

Originally Posted June 27, 2023 – The \u201cmost transformational technology\u201d<\/a><\/p>\n\n\n\n

The above does not constitute investment advice and is the sole opinion of the author at the time of publication. Heptagon Capital is an investor in Equinix The author of this piece has no personal direct investment in the business. Past performance is no guide to future performance and the value of investments and income from them can fall as well as rise.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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