Holon, an Australian company focusing on innovation and technology, has partnered with the Dubai AI & Web3 Festival, following the signing of a Memorandum of Understanding (MoU).
The partnership seeks to enhance AI and property infrastructure integration within the Web3 and data storage sectors. This highlights the company’s commitment to supporting the UAE’s vision for a digitally advanced and sustainable ecosystem.
Heath, a member of the Festival’s advisory committee, underscored the transformative potential of this partnership. Heath stated that the partnership with the Dubai AI & Web3 Festival 2024 is a significant step towards advancing AI-driven innovations in sustainable data storage and computation that can repurpose existing property infrastructure.
Holon Data Report predicts that over 75,000 Zettabytes (ZiB) per annum of data will be created by 2040 as a result of machine-generated data, indicating a shift in data consumption. It shows an exponential shift from the total of human-generated data of 1 ZiB in 2010 to over 100 ZiB 2020.
Furthermore, 4 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. Unfortunately, this digital expansion comes with an increased carbon footprint. According to Andrae & Elder, data centers are expected to consume 8 percent of global electricity demand by 2030.
Heath highlighted that, “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.”
Holon’s partnership with the Dubai AI & Web3 Festival is a major milestone in the development of sustainable data management. By combining Holon’s state-of-the-art technologies with the Festival’s global influence, this partnership is set to drive significant advancements in AI and Web3 technologies. This collaboration will also act as a catalyst for fostering a global ecosystem that encourages responsible data practices and innovation.
