In today’s fast-paced world, speed has become an important factor of productivity. Long gone are the days when high internet speed was important only for businesses with internet dependability. Today, data speed requirement is an important factor for our day to day lives and hence all businesses require it even more than ever. A slow internet speed for a few hours can be a reason for the shortfall in productivity today and a reason for big losses.
Initially, Fibre Broadband was made out of glass cables but later plastic was used due to lower costs. However, both glass and plastic cables are in use today. The uniqueness of fibre broadband is that it doesn’t lose signal strength over long distances.
Unlike in the past where files were saved in kilobytes, today’s files are saved in megabytes and gigabytes that’s because of many upgrades, improvements, added functions, and widgets. Businesses today exchange huge chunks of data across emails which carry large excel sheets ranging from a few kilobytes to many gigabytes.
Benefits of Fibre Broadband for businesses:
1. The Need for Speed
Lots of data means time-consuming downloads. The more data, the more time is needed, and since time is money low, speeds can have a negative impact on a company’s revenue. According to a study done by Sandisk, slow connections can cost companies one week per year of man hours and that’s a huge cost.
2. Cloud Computing
Cloud storage has become an essential requirement for data storage as it’s expensive to store data on-site. Cloud storage has become an important business tool for Applications, Web Hostings, Data Management, Data Storage and many other business needs. More than 3/4 of all organizations are using the cloud in some form or other. ERP’s which are used by almost every big company is cloud based and it requires a lot of data at the network level. The more a company uses the cloud, the more the company needs fibre broadband. Also, online data storage can save physical space which is far more costly.
3. More Productivity
Fast internet speed means the employees can work on bigger files and also reduce the time of it takes to save and upload files. Employees can send large excel sheets, company videos, graphic designs and so on.
For instance, if an employee takes 2 minutes to download a file daily as part of their daily task, an hour is lost by the company monthly. Now imagine this with many hundreds or thousands of employees. With higher internet speeds like 100+ Mbps, the 2 minutes can be reduced to seconds which indirectly increases employee productivity.
4. Online or Virtual Meetings
Traditionally meetings are done face to face. That means if a client is based in another city, the company personnel will have to travel all the way to that city or place which will bring in travel cost, employee cost, meal costs and so on. So, in order to do away with so many costs and time consumption, meetings are conducted over the internet via professional video chat service providers like Skype and much more. Even the daily company meetings with all the department heads can be done via virtual chat.
5. Working Remotely
Working from home or working remotely is increasing day by day. With the cost of office space going up followed by its maintenance, companies often prefer employees at certain levels working remotely. Some business processes like customer care, live customer chat, data entry and much more are done by people who work from home or work remotely from some other country. This, in turn, saves the company’s space, maintenance, security, and wages.
6. Fibre Broadband Cost
Fibre broadband is not that costly if compared to the various costs it saves. Fibre broadband brings down the company’s expenses in a lot of ways like reducing travel and space, saving time, better customer support and so on. The initial installation of the broadband may be expensive, but it’s a one-time affair after which one needs to pay lower monthly charges based on the need. Large organizations can reduce fibre broadband costs by requesting tenders from various fibre broadband service providers.
To see what speeds are available in your area uses a broadband postcode checker like the one on Broadband Compare UK website.