Can Iceland become the 'Switzerland of data'?

Reykjavík, Iceland - On a cold, windy December afternoon in the southern Icelandic town of Reykjanesbaer, this former NATO airbase looked like nothing more than a huge warehouse from the outside.

But the barbed-wire fence surrounding it and surveillance cameras atop its gates betrayed its importance.

This facility, which began operating in February 2012, is one of several data centres in Iceland. It's run by Verne Global, a company that allows its customers to store data on servers here.

Tate Cantrell, the company's chief technical officer, explained why Verne Global favoured this tiny Nordic nation of all places. "In Iceland, you've got this ideal situation: energy, excellent connectivity for data, and a constant cool climate. So Iceland was an obvious choice."

http://www.aljazeera.com/indepth/features/2014/12/can-iceland-become-switzerland-data-20141228113345770287.html