It is a complete no-no, even if your DC doesn't say anything to you about it.
Just think of the potential loss of equipment if the sprinklers were to activate in a datacenter suite -- and if the flammable material is located in your cage, it's going to be you or your insurance covering that.
I have only seen dry-pipe water systems lately, since halon is long gone.
I did see one system that used HI-FOG sprinklers. Smaller water droplets are supposedly able to extinguish a fire with significantly less water. You're still sad, but maybe you can salvage more equipment.
I've seen a few chem agent and inert gas systems, but only when someone realized cost of equipment + loss from downtime > cost fire suppression system, which is less often than it should be.
dry pipe systems are probably the most common though.