C4IR Highlights Azerbaijan's Potential As Major Data Center Hub

(MENAFN- Trend News Agency) BAKU, Azerbaijan, June 11. Azerbaijan can position itself as an energy supplier and a hub for large data centers and technology companies, Executive Director of the Center for Analysis and Coordination of the Fourth Industrial Revolution (C4IR), Fariz Jafarov said, Trend 's correspondent at the event reports.

He made the statement at the event“Technovation – Science and Innovation for Sustainable Economic Transformation,” organized by the American Chamber of Commerce in Azerbaijan (AmCham Azerbaijan) in Baku.

According to him, the pace of technological change is currently accelerating compared to previous industrial revolutions, which is linked to the development of artificial intelligence, automation, and virtual reality technologies.

"In today's environment, economies are measured not only by gross domestic product but also by the level of data development and connectivity, which he described as 'gross data product.'

“According to estimates, the artificial intelligence economy could reach a volume of about $22 trillion by 2040, whereas in 2025 its volume is about $260 billion,” he said.

He also cited data on planned investments by major technology companies, including Oracle, Microsoft, Amazon, Google, and Meta, which could allocate approximately $600 billion to data center infrastructure this year.

According to him, based on data from the International Energy Agency, energy consumption by data centers could more than double by 2030 and reach a level comparable to the consumption of all of Japan.

--

MENAFN11062026000187011040ID1111243048