Holon, an Australian-based Web3 infrastructure company, is partnering with the Dubai AI & Web3 Festival 2024, in a move to drive AI and property infrastructure integration within the Web3 and data storage sectors forward.
The news follows the signing of a Memorandum of Understanding (MoU) by Heath Behncke, managing director of Holon, and a member of the festival’s advisory committee.
Heath emphasised the transformative potential of this partnership, describing the collaboration with the Dubai AI & Web3 Festival 2024 as a crucial step towards advancing AI-driven innovations in sustainable data storage and computation that can re-purpose existing property infrastructure.
By combining Holon’s expertise in verifiably green data solutions with the festival’s influence, Heath aims to accelerate the adoption of environmentally friendly data management practices that are attractive for business.
Heath explained he supports the UAE’s vision of becoming a global leader in sustainable technology and highlighted Holon’s commitment to creating a future where AI-powered solutions not only enhance business operations but also contribute to a greener planet.
Digital expansion threatens worsening carbon footprint
A Holon Data Report conservatively forecasts that over 75,000 Zetabytes (ZiB) per annum of data will be created by 2040 as a result of machine-generated data. Additionally, approximately four ZiB of enterprise storage is available globally today, and the world will require closer to 1,000 ZiB of enterprise storage, or some 250 times larger than today’s capacity, by 2040.
This digital expansion is also accompanied by a growing carbon footprint. According to Andrae & Edler, data centres are forecasted to consume eight per cent of global electricity demand by 2030.
“Data is the world’s new commodity that’s growing exponentially and guzzling energy like there’s no tomorrow. And if we want a data-sustainable tomorrow, it’s critical to leave dirty data behind and move to verifiably green data as fast as we can,” Heath explained.
By combining Holon’s data infrastructure with the festival’s global influence, it aims to drive significant advancements in AI and Web3 technologies.
Holon’s solutions, which underpin improved data collection, processing, analytics, application and visualisation, combined with integrated energy efficiencies and existing property infrastructure, are essential components of a sustainable digital future. It also hopes the collaboration servea as a catalyst for fostering a global ecosystem dedicated to responsible data practices and innovation.
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