Data Gravity Intensity Expected to More Than Double Annually for the Financial Services, Manufacturing and Insurance Industries through 2024
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"As businesses undergo the rapid pace of digital transformation, understanding the impact of data gravity intensity will be a fundamental requirement for both enterprises and service providers to unlock data-driven opportunities," said
Data Gravity's Growing Impact on
The industries expected to experience the greatest data gravity intensity include the banking and financial services, manufacturing and insurance industries, all of which are expected to undergo rapid growth in digital acceleration, digital-enabled interactions and data exchange volumes globally. Key findings across Forbes Global 2000 enterprises include:
- Data gravity intensity for banking and financial services firms will be exacerbated by regional growth in key banking and financial hubs.

- Large manufacturers are expanding their data and analytics capabilities, driven by the growth of in-home consumption.

- The insurance industry is expected to see data gravity intensify as digital-enabled interactions continue to increase in importance while key metros experience rapid growth in the volume of enterprise data exchange.

Regional Forecasts for New Global Metros
According to the expanded report,

"Data gravity continues to accelerate unabated, and so does the urgency of addressing it," said
Industry Perspective on the Data Gravity Index DGx™
"With AWS Outposts, our customers benefit from a consistent experience across both on-premise and cloud environments. The Data Gravity Index shows why proximity to data sets matters, and with AWS Outposts, customers can bring
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"The Data Gravity Index reinforces that the location of AI computing should be a strategic consideration for IT and data science teams.
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"As the world's only modern data warehouse for hybrid cloud,
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"We currently have over 185 edge data centers around the world, but are projected to grow to 400-500 edge data centers by 2023. Leveraging the findings from the Data Gravity Index will help guide us as we expand globally and create long-term value for our customers. Our work with
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Additional Resources
- Check out the Data Gravity Index DGx™ insights hub, download the latest report and see what analysts and partners have to say about data gravity
- Video: Learn more about the five major macro trends driving enterprise technology infrastructure deployment
- Media Kit: download high-resolution images from the Data Gravity Index DGx™ 1.5
About the Data Gravity Index DGx™
The Data Gravity Index DGx™ methodology is based on the analysis of Global 2000 enterprise companies' presence in each metro, along with variables for each metro, including GDP, population, number of employees, technographics, IT spend, average bandwidth and latency, as well as flows of data.
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Forward-Looking Statements
This press release contains forward-looking statements based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to the Data Gravity Index DGx™ and our expectations around data gravity, data growth, data gravity intensity and expected global trends. For a list and description of such risks and uncertainties, see the company's reports and other filings with the

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