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18 Nov 2022
The Crypto Crash of 2022: Is it Here to Stay?
The world’s second-largest cryptocurrency exchange, FTX, might be acquired by the world’s largest, Binance. Why? The answer is the liquidity crunch.The current trajectory of the crypto crash has a lot of parallels with the housing bubble of 2008. Bank runs to Lehman Brothers led to insolvency, and now there’s reminiscence with a bank-run situation with FTX this year.History does repeat itself, and just 14 years later. The important question now is: Why and how?2022 was already a miserable year for cryptocurrencies in general. It was assumed that this year would be the year when the crypto landscape would transform for the better. But, regrettably, this was not the case.While we're still reeling from the catastrophic crypto meltdown, we can't help but wonder about the following; is 2022 the end of crypto? Or is there light at the end of the tunnel where we finally do move past this crash?We did see signs of recovery in the last 2 months when Ethereum was above 1500 and BTC was in 20,000s, all of this until last week when CoinDesk exposed FTX’s financial health.This kicked-off a major sell-off as investors started withdrawing their money from the platform, and the candles flashed red. A concurrent announcement came from Binance, the competitor, which said it would sell off all of its massive $500 million worth of FTT holdings- FTT is FTX’s native token.The sum of these causes caused FTT to collapse. By midday on November 8, the token had fallen from $22.79 (early November 7) to about $15.04. The market as a whole suffered from FTT's falling valuation, which caused most tokens to trade at a loss.Soon after, Binance revealed its intention to buy FTX, and things started to go south. FTT plunged from $19.01 late on November 8 to $3.59 early on November 9 due to the announcement.Fortunately, the announcement of the Binance acquisition soon calmed investor jitters as FTT began to show signs of recovery, rising to the $5 level a few hours later.But in an unexpected change of events, Binance pulled out of the agreement, and FTT plunged to new lows. At $2.25, it is presently 90 percent cheaper than it was at the same point last week.Does this situation ring some bells? The Terra breakdown also sent the markets plunging at the time, and the FTX disaster is frighteningly similar. Similar circumstances exist right now, with the majority of the top 100 coins flashing red and some with double-digit losses.The Domino EffectWhile the FTX meltdown impacts the whole cryptocurrency market and creates a domino effect, specific projects are doing worse than others.For example, Solana, sometimes referred to as the Ethereum killer, has suffered losses of 32% over the past day, second only to FTT. It may be because Sam Bankman-Fried (SBF), the founder of FTX, invested and vouched for Solana early on that the currency has been in free falling over the past couple of days.As a result, most cryptocurrencies exposed to SBF's firms have been severely impacted. Since November 6, Sam-backed tokens, including Bonfida (FIDA), Raydium (RAY), and Maps (MAPS), have declined by an average of 40%.The FTX drop also hurts the two biggest cryptocurrencies by market capitalization, Bitcoin and Ethereum. After briefly approaching $15,711 this morning, Bitcoin set a new low for the year.The situation is similar for Ethereum, which has fallen by roughly 10% in the past day and is down by about 24% for the week.The domino effect was bound to be more predominant, especially after the market leaders BTC and ETH showed signs of dipping.What’s Next for Crypto?Is the crash here to stay?The FTX disaster is a brand new occurrence, and there appears to be a difficult path ahead. The crypto market will continue to be plagued by uncertainty as long as FTX's future is still uncertain. It suggests the fears will linger and that it will take some time for investor momentum to return to where it was.However, history has proven that markets bounce back even though the public sentiments are less than ideal. Once that confidence is back, there’s no stopping from there.As Google and big tech companies start adopting crypto as a currency in 2023, it is anticipated that more financial institutions will begin to accept cryptocurrency as payment.Furthermore, according to a research paper released on Thursday by JPMorgan (JPM), the underlying technology stablecoins, a class of cryptocurrency whose value is tied to another asset like the U.S. dollar or gold, will continue to be crucial to the development of the monetary system.The study said that the technologies, including tokenization of assets and securities, smart contracts, and encryption, will "change the future of financial institutions."For investors, what they should do is the most critical question. Most experts would advise remaining composed and moving forward.Withdrawing money from online wallets and storing it offline in cold wallets is another wise move. If FTX declares bankruptcy, it may cause several other bankruptcies. As evidenced by the Voyager and Celsius court cases, recovering funds from crypto companies facing bankruptcy procedures can be a time-consuming and challenging process. Doing your due diligence and securing your assets at this point is crucial as a crypto investor.We've seen the crypto market experience peaks and valleys before. There have been many times when cryptocurrencies have been written off or declared dead only for us to see them bounce back stronger than ever. It's not a question of if the crypto industry rebounds but when. The most important question you should be asking is: how will you be positioned when the rebound occurs?Powered by Froala Editor
11 Nov 2022
The Current State of Data Center Technologies
Data centers provide organizations the physical infrastructure to run applications along with storing and processing massive amounts of data, among other things. For some businesses, the use of data centers can have drawbacks due to storage space limitations and complex data management requirements. Therefore, the future of data centers relies heavily on innovation and emerging technologies that can mitigate the ever-evolving demands of various industries and their associated applications. Let’s take a look at some of the technologies and innovations being employed in the data center field todayInnovations and TechnologiesData centers have been experiencing growth and evolution as the demands for applications increase. This also provides space for digitalization and the use of technologies such as the Internet of Things (IoT), cloud storage, edge computing, sustainable and renewable energy means, and Artificial Intelligence (AI). Some of the technologies being employed include:Edge Data CentersEdge data centers are an innovative technological solution for applications that require cloud computing services and are situated closer to the end devices and the application premises. In addition to cloud computing, edge data centers provide cached content to end users. One of the main reasons for the proximity of edge data centers to their end users is the ability to provide data services with a minimal level of latency. Due to the recent surge in the use of IoT devices and their associated applications, the level of latency required to maintain a smooth and seamless speed of data has become significant. Therefore, using the edge data center technology we can achieve high performance for demanding applications with a cost-effective solution.Another important aspect of the edge data center is its smaller footprint while housing similar kinds of components as compared to the traditional data centers. It also acts as a part of a larger data center usually in the cloud architecture with the ability to communicate with other edge data centers.Edge data centers can be used in industries with critical low-latency requirements. It can be used in smart city applications to gather real-time data from IoT devices and allow users to utilize services in an uninterrupted manner. Self-driving vehicles can also leverage the low-latency feature of edge data centers to collect and transfer data in real time. In emerging technologies especially in the era of Metaverse and augmented reality, the amount of data to be processed can be in huge numbers, therefore, the use of edge data centers can play a pivotal role in accessing data that is readily available with low latency. Similarly, the use of edge data centers can be found in industries such as gaming, CCTV monitoring, manufacturing, 5G technology, IoT, healthcare, telecommunication companies, etc. The use of edge data centers might not be widespread in applications today, however, it is expected to spread at a very fast pace as technologies evolve.Cloud Data ServicesCloud data storage and access services are one of the most efficient ways of managing data resources as they do not occupy on-site premises thereby reducing the associated costs in maintenance, installation, and monitoring of traditional data centers. Leading industry giants such as Google, Amazon, and Microsoft have already been working on cloud storage services allowing their users to access data for both personal and commercial purposes. Depending on the types of applications to be stored and accessed, the use of cloud computing can be adopted. Applications that need any operation of legacy software and any industrial or governmental compliance do not usually opt for cloud services.Sustainable Data CentersWith the growing need for applications to access and utilize data, the power requirements for data centers have also been increasing. The use of traditional power and energy resources adds to an additional cost not just to an organization’s bottom line but also to the environment. In recent years, the colocation industry has been experiencing a radical shift towards markets that are more conducive to data center sustainability.Data centers involve the process of cooling, this can be carried out using the liquid cooling technique instead of air cooling systems that generally utilize more power. These systems can utilize the latest technology in terms of components that will eventually consume less power and will be more predominant in the future. Major US tech giants such as Google, Facebook, and Amazon have taken the initiative to relocate their data centers from different locations to colder regions such as Sweden, this means fewer resources would be required to cool down the data center components.The design of servers in the data centers has also been proposed to mitigate higher energy consumption. Low-power servers and modular design servers provide an energy-efficient design to store data and are advocated for to achieve better power consumption targets. The initiative of the undersea data center is already being taken by Microsoft which aims to go carbon-free by 2030. The main idea being employed by Microsoft is the utilization of natural seawater that acts as the coolant that will eventually lead to environmental sustainability.Facebook has undertaken steps to conserve the water being used to cool down the data centers by employing winter humidification, this aims to improve operating efficiency by optimizing the relative humidity (RH). During a pilot project, it was observed that the RH adjustment at the data center in Los Lunas, New Mexico was found by lowering the current 20% minimum RH to 13% minimum RH, which reduced the water use by 40% over nine months.ConclusionThe technological advancements in the field of data centers are crucial in providing seamless data storage and access facilities to users. Some of the technologies being employed for the future operations of the data centers include edge computing data centers that house their components close to the end users and offer the benefit of low latency. Edge data centers are ideal for applications that involve AI, IoT, autonomous vehicles, etc. Similarly, cloud computing is still one of the most important alternatives for different applications for data storage and access as it offers flexibility and cost-effective solution. The use of sustainable resources and technologies to operate the data centers have been adopted by tech giants that include the use of liquid cooling techniques, undersea data centers, efficient server designs, and relocation of data centers to cold regions.Powered by Froala Editor
9 Nov 2022
How to Unify Your Cloud Deployments
Expanding your cloud infrastructure can be challenging, especially when utilizing multiple cloud providers. Thankfully there is an efficient way to manage more than one cloud service without overcomplicating deployments, security, and cost.The future is now multicloud, an approach to cloud infrastructure that operates with more than one cloud vendor while taking advantage of each one's strengths to offer a competitive product.While multicloud is necessary for many organizations, the actual management of it can become complicated for those who are unprepared. In this article, we will explore the barriers to integrating more than one cloud vendor and how best to unify your deployments with AI-powered multicloud on a single pane of glass.The Challenges of Multiple Cloud ManagementYour businesses may find that certain cloud providers accommodate your customers' needs more effectively than others. In addition, a single cloud vendor doesn't typically check all the boxes for factors like pricing, security, and scalability. In this case, you'll need to utilize multiple hosts.Many businesses deploy apps in AWS but use the Google Cloud for internal storage and maybe even Azure for collaboration. Another example is allocating resources between private and public clouds. You may not be comfortable sharing infrastructure with other clients for sensitive information but find it much more cost-effective to use a public data center for general storage.In 2020, Foundry'sCloud Computing Studyfound that the multicloud strategy is on the rise, with 55% of businesses using more than one cloud service. However, management continues to be an issue for organizations, below are the most significant challenges when dealing with various providers across more than one region.InfrastructureMigrating all your data frombare metalto the public cloud may not be an option; however, the rates and flexibility offered by virtual servers could be the ideal option for most of your data.While operating between two distinct types of servers is possible, having your data in separate places can be difficult to manage.Various RatesPricing also becomes a factor when using a multicloud strategy. For example, if you are required to use servers in proximity to clients thousands of miles away, hosting can get expensive. You'll want to find the best option for your business while accommodating international clients. Multicloud is likely the answer in this scenario but managing rates from different providers can become overwhelming.Inconsistent Security ProtocolsOffering the best security possible is your top priority, but communicating with clients and execution is complex when you are operating with multiple cloud providers.Separate FeaturesUnfortunately, there probably isn't a single cloud solution for every aspect of your business. Even if you've found the perfect provider to accommodate your data and deployments, your customers may request additional features that your vendor doesn't offer as you scale.How to Unify Your Cloud DeploymentsMulticloud is a necessary strategy as your business continues to digitalize or offers more services. Avoiding challenges requires you to unify your cloud deployments giving you complete control with one easy-to-use service. The best solution to manage your cloud vendors is to integrate your microservices with a multicloud platform-as-a-service. This strategy unifies your cloud infrastructure to a single pane of glass, keeping your company data connected and providing clear visibility over your multicloud environment.Advantages of Deploying on a Single Pane of GlassIntegrate with Client PlatformsWhen you've executed a multicloud strategy, you'll be able to easily manage all your client's integrations and cloud instances. Providing optimal visibility and control allows you to optimize all cloud-based interactions reducing waste and offering them more flexibility to scale.Optimize CostYour cloud service charges will become more transparent and much simpler to manage. An effective PaaS will also allow you to control costs. For example, you'll only have to pay for the CPU/RAM/egress workloads you consume. Since the multicloud platform manages time consuming tasks such as scaling, load balancing, metrics, and service mesh, this allows your organization to significantly reduce devops costs while focusing more on user experience.Faster Security RemediationEvery cloud provider uses different security protocols. Without a multicloud management strategy in place and a problem detected on one of your servers, you may not be aware of the issue causing a slow response. When your deployments are on a single pane of glass portal, you'll be able to receive notifications across all providers and provide a solution quickly.Deploy FasterOnce you've unified your cloud infrastructure, you'll be able to deploy and operate ten times faster because you won't have to worry about Ops and can focus 100% on development. Learn More About Multicloud DeploymentsMulticloudfrom Datacenters.com utilizes artificial intelligence to scale and manage your multicloud deployments. The highly advanced AI learns and adapts to your specific demands from each cloud provider. Automation creates a seamless process, dramatically reducing your runtime costs.If you are interested in unifying your cloud providers under one easy-to-use platform, you candeploy todayfor two months free. Schedule a demo today and our multicloud experts will reach out to you and answer any questions.Powered by Froala Editor
7 Nov 2022
How Bare Metal Can Help Companies Overcome Supply Chain Issues
Interruptions in the supply chain result in lead times that are as long as 52 weeks for data center exchanges, gateways, and processors. When you're trying to make money or receive a product, this delay can be detrimental to your success, both financially and reputationally. This pattern started when the need for technology to satisfy advanced IT standards for data processing and application performance began significantly outpacing supply. This trend has continued ever since.When the Covid-19 pandemic happened, it caused manufacturing facilities to shut down, which made the problem even worse. This caused supply shortages to reach unprecedented levels by the end of 2021 resulting in highly inflated costs for IT-related products. Another essential component of a system plagued by uncertainty is its network counterpart. The ability to reliably connect to the network and experience low latency are necessities, particularly for real-time collaborative programs that include people worldwide.Admittedly, the current environment is hard to cope with an incredible scale of unpredictability. So, how can any enterprise realize its top business goals, such as expanding into new markets, making the most of the potential to form new partnerships, and providing distinct customer experiences at the forefront?The answer is simple, through supply chain management.Supply Chain ManagementThe management of the complete manufacturing rhythm of an item or service, beginning with the raw materials and ending with the delivery of the finished product to the client, is referred to as supply chain management. Supply chain management focuses on the most important factors like shipment, customer experience and satisfaction, and revenue growth.A business must establish a system of suppliers, also known as links in the chain, to address different supply chain issues. To facilitate the movement of the finished goods from the companies that provide the product's raw resources to the businesses that work directly with end consumers.How does Supply Chain Management Work?Five distinct elements compose every standard supply chain management system.PlanningManaging and planning the firm's resources is crucial to satisfy its customers' needs and deliver the service or product they want. After the supply chain has formed, you should devise metrics to evaluate the extent to which it is productive and efficient, whether or not it provides value to customers, and whether it satisfies the firm's objectives.SourcingThis stage identifies potential suppliers who can provide the necessary items and services to manufacture the product. The next step is to put procedures that will enable you to track and regulate your relationships with your vendors. The following are considered key systems: buying, acquiring, handling inventory, and approving payments to suppliers.ProducingCoordinate the operations that need to be done to take raw resources, create the product, assess for standard, prepare the goods for delivery, and coordinate the shipping.Transportation and Distribution as well as LogisticsOrders from customers need to be arranged and coordinated, deliveries need to be scheduled, loads need to be dispatched, customers need to get billed, and payments need to be received.Returning of GoodsEstablish a system or procedure for returning and replacing faulty products while managing potential excesses of production.The Bare Metal EnvironmentIn bare metal settings, you have unrestricted access to the pre-provisioned data centers and important hardware assets, such as the central processing unit or CPU, storage, graphics processing unit or GPU, and other networks and connections.A public cloud infrastructure service known as bare-metal cloud is one in which the user rents specialized computer resources from a distant service provider. It provides access to the hardware resources but does not come with any operating systems or virtualized framework already installed.The structure of commercial cloud services permits the virtualization and partition of computing, memory, and database resources. This option allows computers and storage arrays to be split up and used jointly by various clients.In addition, the Bare Metal Cloud provides the benefits of private server implementations, including high levels of security, the absence of noisy neighbors, an effect on performance, and the flexibility to respond quickly to sudden spikes in demand by using hardware already installed and prepared for use.Using Bare Metal Deployments to Overcome Supply Chain IssuesThe data and application performance will enhance with bare metal servers while maintaining a high level of protection. The following is a list of benefits one could obtain by deploying bare metal to alleviate supply chain issues.Utilize the Commitment from Month to Month as a ResourceUsers are not entirely committed to using Bare Metal Cloud for an entire month and may even choose to pay for its services at an hourly rate. Nobody can accurately forecast when the supply chain will revert to normal or a new normal is ahead. The risk is minimal to employ solutions to answer the urgent multi-cloud information technology demands.Rate of Growth should be AcceleratedThe potential to expand influence into a greater number of worldwide markets brings up chances for increased revenue while drastically reducing the time needed to bring a product to market and the associated capital expenditures. With the ability to exploit connectivity and all the flexibility the cloud gives you, increased income potential is produced. Include direct access to the cloud and diverse network options, and you can create a successful customer experience in any industry.ConclusionSupply chain management solutions reduce production costs, inefficiency, and delays. Unexpected events and a fragile supply chain require new solutions and bare metal services offer flexible solutions to the array of different supply chain issues that an organization can experience.AtDatacenters.com, our goal is to make your bare metal deployments painless. Ourcloud control centerutilizes AI to scale and manage bare metal solutions. The AI learns and adapts to the demands on cloud services to automatically reduce runtime costs.Schedule a demotoday orspin up servers on demand.Powered by Froala Editor

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