Data is the oil of the digital economy. Like crude over the last couple of centuries, information is what drives the new economy forward. The similarities don’t stop there because, like oil, data relies on infrastructure to transform it from its raw form into something more useful. However, instead of pipelines, processing plants, and storage terminals, data needs fiber optic cables, telecommunication towers, and data centers to keep the digital economy humming along.
That leaves a massive opportunity for companies to build out and operate data infrastructure. One of the many focused on this space is Brookfield Infrastructure (NYSE: BIP)(NYSE: BIPC), which has been pouring capital into acquiring and developing data infrastructure in recent years. It expects that trend to accelerate and last for many decades, given the opportunity it sees ahead for