Economic benefits of connectedness

Posted by Aakriti Pandey on Sep 14, 2017 11:00:00 AM

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It is no news to any one of us how the Internet has changed how we work, play, and communicate with our friends, family, colleagues, and even strangers. Businesses have new avenues to expand their horizons, institutions have found more effective ways to function, they’re becoming more productive, and in general, many industries have transformed as a result - including healthcare, education, real estate, finance, and more. 

We’ve all experienced the changes on a daily basis, and the impact have been visible on local, national, and global levels. As the adoption of mobile broadband Internet increases and its usage becomes broader, individuals, institutions, and countries can accelerate their economic growth and productivity. There have been many studies done on this topic over the last decade - but especially in the recent years - by organizations like Deloitte, GSMA, Cisco, World Bank, and many more.

World Bank had said, “Broadband is not just an infrastructure. It is a general purpose technology that can fundamentally restructure an economy”. This can be seen in the way some of the technology giants have jumped at partnering with different carriers across the world, especially in the under-developed and developing economies, in making the technology and Internet available to the larger population - in turn, opening big gates of opportunities for them! Facebook and Google are among the frontrunners in this quest to ‘bring Internet to all’. World Bank also found that every 10 percent rise in broadband penetration resulted in the 1.21 percent growth in the GDP in developing economies.


In the developed nations, on the other hand, omnipresent connectivity is fast becoming a requirement and expectation. As businesses are being increasingly dependant on the high-speed broadband services for their operations, and dare I say, existence, the importance of mobile broadband developed economies is just as significant too. This is more true to the high-tech businesses that rely on technology and their business continuity is almost fully dependent on access to connectivity - of all forms and capacities.


From these high-tech businesses, to local, state, and federal governments, to Nonprofits, to emerging businesses - each organization an impact in the economy. Large high-tech corporations bring high-paying jobs to the community, which, in turn, boosts tax revenues. Downtowns and CBD (Central Business Districts) are home to many businesses, and can boost their performance and productivity by giving them reliable and seamless working e-environments, and the city becomes more advanced - economically and socially.

Tourist destinations can improve visitor experiences by offering access to high-speed wireless networks and empowering them to interact and share their experiences through social media while they’re on the go, and in turn, attracting more visitors. Similarly, public safety and first responders also heavily rely on the broadband connections - both wired and wireless - to save lives! From iPads becoming a new pacifier to kids, to the enterprises being increasingly dependant on the connectivity to even function, to the national security being heavily reliant on the cyber-mesh; there is no doubt in the world that mobile broadband - or the omnipresent connectivity - all around the globe - is one of the very pivotal part of economic development.


How can you boost the connectivity in your property, and make an impact in the global connectedness?

Topics: Cellular Blog Posts

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