September 10, 2020

At the Center of the Data Economy

How the growth of digital infrastructure informs ICONIQ’s portfolio

During the third week of March 2020, people in the United States watched 156.1 billion minutes of streaming content on TV screens. That staggering number is more than double the same week in 2019 and doesn’t even include viewing on PCs or mobile devices. Add videoconferencing, music streaming, online gaming, and web browsing to the equation and our insatiable demand for data and cloud services reaches mind-boggling proportions.

“As COVID-19 impacts every aspect of our work and life, we have seen two years’ worth of digital transformation in two months,” Microsoft CEO Satya Nadella said on an earnings call in April.

Yes, most of us were sheltering in place at the time, but there’s no question that our lives today are dependent on the stability and capacity of our digital infrastructure, and this dependency is only expected to increase.

We believe the foundation and infrastructure for this digital future is the data center.

In just five years, there will be more than 40 billion devices connected to the internet, generating 79.4 zettabytes of data (source: IDC). That’s 1 billion terabytes. We’ll likely be awash in data exhaust from the likes of autonomous vehicles, machine learning algorithms, and the Internet of Things. We believe the foundation and infrastructure for this digital future is the data center, and we are heavily invested in its present and its promise.

ICONIQ has built one of the world’s largest private data center portfolios focused on the hyperscale and enterprise markets:

  • The ICONIQ portfolio consists of 23 data centers.
  • We’re in eight markets, including key geographies of Northern Virginia, Silicon Valley, Seattle, Portland, Chicago, and Dallas.
  • Our tenants are some of the biggest creators and managers of data on the planet, including many of the largest cloud companies.
  • ICONIQ’s portfolio of data centers can support up to 600 megawatts of capacity.