So many corporations are moving to cloud-based storage that they are creating a new asset class: data centers, according to The Wall Street Journal.

“Investment volume in U.S. data centers more than doubled in 2017 to $20 billion, more than the combined total for the past three years, according to CBRE, a real-estate consultancy…More companies that had previously built and operated their own data centers, such as banks and health-care companies, are shifting to third-party providers, said Pat Lynch, senior managing director of Data Center Solutions at CBRE,” according to the article.

The article said that the bet is that more companies – large and small – will increase their data consumption and their desire to move it off site.

Have you done anything on your cell phone in the last 15 minutes? It’s probably a safe bet.