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Changing business through network speed and availability

By: Charlotte Bumstead
July 3, 2012 |   del.icio.us           What's this
Jim Carroll, Futurist
Students on their way to obtaining a degree in science might want to consider borrowing textbooks rather than purchasing them. Futurist Jim Carroll, the keynote speaker at Cogeco Data Services’ (CDS) The Economics of IT and Bay Street event last week, shared an interesting statistic about the education field: half of the material U.S. students are currently learning in agriculture, engineering, architecture and medicine will be obsolete by the time would-be professionals graduate. This fact indicates the rapid pace at which industries are currently evolving, as well as an inescapable conclusion— if you want your business to be competitive, you better hustle up.

“The future belongs to those who are fast,” Carroll said in his presentation. CDS has demonstrated its awareness of this fact through the company’s latest efforts to provide information in a timely way—the launch of a new data centre in Toronto’s downtown financial district. Cogeco predicts its new data centre will attract local customers as well as organizations requiring easy access and low latency connections to Canada’s largest business and financial institutions.

Meeting a pressing need for infrastructure
“[The data centre] is going to be a mixture of colocation services, where customers actually provide their own equipment and we provide the power and the space,” said Tony Ciciretto, president of CDS, in a recent interview with IT in Canada.  “But more importantly, it allows [organizations] to move towards a more managed environment, where customers don't need to worry about spending the capital dollars—we do that for them.”

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