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'The new oil': Dublin strikes it rich as Europe's data hub

A new industrial revolution is under way on the outskirts of Dublin.

Fortunes are being made in clusters of anonymous warehouses housing vast data centres.

“Data is the new oil, definitely,” said Brian Roe, commercial director of Servecentric, a data centre company.

Roe is a new breed of prospector, presiding over one node in a network of 48 data centres in Ireland.

Put simply, these powerhouse developments provide 24/7/365 access to the massive data, processing power and storage that digital services around Europe require.

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