Partnering with energy management specialist Schneider Electric, Christie Spaces is set to provide the data facilities in its new $4.5 million Brisbane coworking site, Common Ground at 240 Queen Street.

It is also rolling out the technology, known as edge computing, across all their locations in Sydney, Melbourne and Adelaide.

Edge computing involves processing data closer to where it is generated and captured, to dramatically improve the speed, capacity and security of data-intensive business operations.

Fintech, software and creative production companies would need to use edge computing facilities.
Fintech, software and creative production companies would need to use edge computing facilities. Image: Supplied

Software company Data Revolution Technologies is one of the tenants at the new Brisbane venue which will use the technology.

Director Benjamin Banks said the new on-site capabilities support the company’s innovation development, including its Touch Wallet, a cryptocurrency wallet that allows real-world payments via smartphone.

“Working in research and innovation, the sheer size and speed of data collected in our business process can strain even the most secure network infrastructure,” he said.

“Working with Christie Spaces to use their new edge computing capabilities supplied by Schneider Electric has given us faster, more reliable internet, with no competition for bandwidth.”

Christie Spaces’ national brand manager Fusun Batey said its new facilities cater to the growing technological needs of modern, data-reliant businesses.

“We now provide data centres on-site, allowing clients to discontinue telco contracts and experience uncontended bandwidth,” she said.

“We have attracted many new markets with more sophisticated data needs, such as app developers, video production, animation, design, data analytics and beyond.

“Christie Spaces members will be among the first shared workspace tenants in Australia to leverage this high-end IT infrastructure on demand and reduce their risk profile, especially in data reliant industries.”

Schneider Electric’s IT division and strategic segments vice president Joe Craparotta said edge computing was becoming a “business necessity” for many emerging technology companies.

“More Australian businesses, like those involved in creative production, fintech, research or software development, need to access quickly large data loads, while ensuring security and cost effective solutions,” he said.

Cover Image: Supplied