Dubai AI & Web3 Festival and Holon Announce Partnership to Power a Sustainable Data Future

DUBAI, UAE - Aug. 13, 2024 - PRLog -- Dubai AI & Web3 Festival 2024 and Holon announce their partnership following the signing of a Memorandum of Understanding (MoU) between both parties. The collaboration is set to drive forward AI and property infrastructure integration within the Web3 and data storage sectors and underscores the commitment to supporting the UAE's vision for a digitally advanced and sustainable ecosystem.

Holon's Managing Director, Heath Behncke, and a member of the festival's advisory committee, emphasized the transformative potential of this partnership. He described 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 repurpose 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. He expressed his dedication to supporting 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.

Data consumption is exploding, with the Holon Data Report (https://holon.investments/the-holon-data-report-part-6-fi...) conservatively forecasting that over 75,000 Zetabytes (ZiB) per annum of data will be created by 2040 as a result of machine-generated data, and represents an exponential shift from the total of human-generated data of 1 ZiB in 2010 to over 100 ZiB in 2020. Additionally, approximately 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 is accompanied by a growing carbon footprint.

According to Andrae & Edler, data centers are forecasted to consume 8% of global electricity demand by 2030. To mitigate this, a swift transition to sustainable data practices is imperative. As Heath emphasizes, "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."

Read more: https://bitmediabuzz.medium.com/dubai-ai-web3-festival-an...