Here’s how to get it back.
According to a study by Sandisk, slow internet costs employees one week per year in productivity. That’s right; businesses might actually be losing time and subsequently money all because of slow speeds.
The study found that loading files and waiting for downloads were among the top time wasters. Fiber fixes those speed issues once and for all, which means businesses could see a raise in productivity and cost savings.
What is 1 Gig?
1 Gigabit is equivalent to 1000 megabits per second, making it 100 times faster than the average internet connection. To put this into perspective, you can actually download data as fast as some computers can save it to a hard drive.
For example, say you’re an employee at a small five person ad agency. You probably have to share large files with clients and coworkers in order to complete your work. If you spend any time waiting at all, you’re losing money. Let’s not forgot one of the core principles of finance, The Time Value of Money says that money is always worth more right now than it is in the future.
Having a strong WiFi connection can improve customer experience and increase the overall capacity of your website.
1 Gig also opens your business up to the possibility of adding more services and applications to the cloud, cutting IT costs and making the potential for savings even higher. This is not only for large companies either. Small and mid-sized companies are using more cloud services, making upload speed an important factor in day-to-day business operations.
Nothing is more frustrating than slow internet, especially when you’re trying to get work done. Every second spent waiting for a website or file transfer to load is a second you can never get back.
Time =money. That’s why business are taking every competitive advantage they can get, and faster internet is an important one.