Running a successful business means managing expenses effectively, and knowing when an expense will pay for itself is a critical part of the decision making process. Bandwidth is one example of when paying for services can create significant ROI. Read on to learn why every business needs strong bandwidth.
Improve Productivity & Efficiency
When web pages load promptly and Software as-a-Service (SaaS) is supported at an optimal level, work gets done much more quickly. However, when employees are wasting time waiting for their data to upload or download, labor costs are higher than necessary. Better connection speeds and bandwidth improve productivity and efficiency.
Support More Features
Some very useful tools are on the market today, but nearly all of them rely on fast Internet to work. Video conferencing, integration of communications and customer relationship management (CRM) tools, and use of the cloud to access or manage software, data storage, or infrastructure must be conducted on a speedy connection. These new tools can save money and potentially result in additional revenue streams.
Reducing employees’ stress levels leads to fewer sick days taken and higher morale. Improving system performance by investing in broadband will give workers a sense of accomplishment when they’ve been able to complete their responsibilities more rapidly. In addition, customers are more satisfied when help is efficiently delivered.
Support Cloud Requirements
Storing information, applications, and services in the cloud has a number of distinct advantages. Cost savings, disaster recovery, and flexibility are just a few reasons to transition traditional system components into the cloud, but this requires adequate bandwidth to support upload and download requirements.
Other Available Cost Savings
Improved bandwidth via broadband Internet offers a few other direct opportunities to save on operating expenses. Telephony can be transitioned from plain old telephone service (POTS) lines over to Voice over Internet Protocol (VoIP) when broadband is implemented. In this arrangement, the Internet is used to make and receive phone calls. The comparison of VoIP costs to a normal telephone company’s bill is staggering — the regulatory fees on the telco bill alone are often more than the entire VoIP bill, including long distance. Further, employees may also be able to telecommute rather than require office real estate if the company’s network is equipped with broadband.
Communication and cooperation across teams or departments can be a major challenge. Better bandwidth makes it possible to share more and function at a superior level. Collaboration is much easier as tools such as instant messaging, chat, and video conferencing allow teams to brainstorm as if they were in the same room. This is especially helpful when employees are remote or distributed across the globe. Results include projects that move forward more efficiently and a shorter time to market for new products.
In short, the affordable price tag of broadband makes it an extremely worthwhile investment. The company can save on operating expenses and enjoy many non-monetary advantages at the same time.