It is hard to imagine life without access to the internet. Modern digital connectivity is widely recognised, both at home and in business, as a key driver of innovation, easier access to services, and flexible working.
In business, fast broadband acts as an economic and social driver, making opportunities more accessible for existing organisations, and attracting new businesses to local communities. Many of the merits of high-speed broadband are interdependent, just as improved speed and efficiency interrelate with improved productivity and cost savings.
Improved speed and efficiency are the most apparent benefits of fast broadband for business, but there are more, including:
A faster internet connection allows employees to have easier, faster, and more effective access to the information they need. Fast broadband means faster downloads and uploads; greater capacity to receive and send secure data electronically; and improved speed for receiving and sending emails. This is particularly important for design and architectural companies, as well as the gaming and media industries where large data files are sent regularly.
Fast broadband has revolutionised the way businesses engage both internally with colleagues and externally with customers, suppliers, and other entities. High-speed internet allows employees to communicate inside and outside the office with ease.
The ability to hold business meetings through video calls from outside the office, hold web conferences, or communicate through VOIP (Voice Over Internet Protocol) programs means less travelling for meetings, as well as cost and time savings, which translate to increased profitability. With faster broadband, people can connect easily, share information instantly, and work in real-time across geographical barriers.
Although fast broadband may cost a little more than regular broadband, it offers excellent value for money and cost savings in the long run because it reduces the need to travel. The improved connectivity, especially via Skype and Apple’s FaceTime that offer video communications, reduces overheads on transport and allows your business to serve more customers in the same period of time.
There are also some platforms, such as Huddle, that allow multiple users to share a secure workspace, use shared whiteboards, and collaborate on projects or share videos and documents in a completely paperless process.
A more reliable Skype connection improves collaboration opportunities for face-to-face meetings, which eliminates the need to meet clients in-person. Ultimately, you save time, improve the productivity of your business, and enjoy greater convenience for work/life balance due to reduced travel frustrations.
High-speed broadband provides faster, better, and more reliable connectivity, which in turn allows businesses to widen their network circle, opening up more opportunities beyond the boundaries of their premises. There is also increased access to social media, which helps businesses engage more with suppliers and customers alike, building better relationships.
High-speed broadband allows existing employees to work faster and more efficiently, so businesses can save on the need to hire more employees. Giving employees the flexibility to work from home or another office can lead to increased productivity, reduced travel and associated delays, greater satisfaction, and reduced overheads in the long term.
Many companies allow employees to access their networks through VPN (Virtual Private Network), which does not make a difference whether you work from home or at the office.
Moreover, improved connectivity has provided businesses with access to a highly skilled workforce from around the world, who can work remotely. This has reduced overheads as businesses only pay for the skills they require, eliminating the need for training or up-skilling under-qualified candidates in their immediate vicinity.
With improved bandwidth capacity comes much greater use and reliability of Cloud services. Cloud computing helps to not only reduce capital spend and overheads, but also provide security, availability, scalability, and reliability, all of which contribute to greater business convenience.
Most companies already use cloud services to access organisation data that is hosted remotely in a data centre, as well as cloud-based business applications such as Google Docs, Office 365, and customer relationship management (CRM) systems such as Salesforce. But higher speed broadband allows businesses to enjoy more reliable access to company data and shared applications.
For small and medium businesses, the Cloud provides flexible access to resources, such as expensive IT equipment and software applications that would otherwise be unattainable due to their limited budgets. With fast broadband, the use of Cloud services becomes much easier.
With fast broadband, businesses don’t have to worry about file transfers being interrupted due to poor connections, or time outs that are characteristic of slow internet speeds. The improved reliability of your internet connection and file transfers, you can enjoy greater work efficiency, as well as peace of mind knowing that your online customers will not suffer from speed issues or internet downtime.