Building data centres is expensive. Equinix has announced plans to construct its fifth Australian data centre, and the price tag is a cool $97 million. No wonder we're all heading to the cloud.
The SY4 centre will be built in Alexandria in Sydney's inner suburbs, close to Equinix's existing Sydney facilities, which will be connected via a dedicated fibre loop for easy data transfer. (Equinix also has one data centre in Melbourne.)
The initial build will include 1500 cabinets in a 12,500 square metre centre, but that will eventually double in size. The first phase is due for completion by mid-2016.
Looking at that figure, it's no surprise that we're favouring hybrid cloud or pure cloud models. Outside of Australia's banks, hardly any local company could justify that scale of investment for purely internal services.