Having a slow internet connection will harm your business growth. Even if the broadband services are a little costlier, business owners, to save money, can opt for a slower service instead. But to be honest, spending a little more on better connectivity can actually help you in various ways and improve your business growth. Speed boosts Efficiency
Various researches related to internet speed suggest that, the longer it takes for your website to load can cost you to lose your sales. For example, it is said that there are chances that Amazon might lose 1.6 billion in sales, if there is a one second delay in the loading time of pages. Surveys conclude that almost 94% of the jobs in the country depend on the Internet. Job holders say that the Internet is more important to continue doing the jobs, even more important than their phones. In the business world, time is money. If you or your employees spend half of each day online doing research, accessing systems, or dealing with customers and vendors, that amounts to 4 hours per day. If 5 percent of that time is wasted due to slowness, over a year’s time, that amounts to 50 hours per employee. If 10% is wasted, it’s 100 hours per year per employee. Add it up and it could be thousands of pounds lost. All this inefficiency can cost you a lot of money. The only solution to this is having a faster and better internet connection. Speed alleviates stress Stress can cause you big bucks. World health organization estimates that stress causes billions of pounds each year to the UK. Why add to your own or your employees’ stress level with a tediously slow Internet connection? Moreover, why add to your customer’s stress as well? The last thing a customer wants when he calls your company, is to sit there frustrated, waiting for a resolution to his problem, while you explain that your computer is slow today. Fast internet makes using the cloud easier Many business and tech writers have touted the business benefits of using the cloud. But cloud computing means constant uploading and downloading, and that can take time, especially if you have a slow internet connection. 45% of organisations cite bandwidth requirements as a barrier to cloud adoption. By now you know the solution to that problem.
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