Business broadband speed

Should you increase your business broadband speed?

Business broadband speed

By Pete Raynsford, Managing Director at 5 Rings Group

Your business broadband speed effects how quickly you can send and receive data. The faster your broadband speed, the quicker you can download and upload files, send and receive emails, access your cloud based applications, back-up your data and browse the internet.

Your current broadband speed will probably be determined by the number of employees you have, your business type and, of course, your budget. You may find that your broadband speed is adequate at the moment, but with the ever increasing demand we’re placing on our internet connections, you really should be looking to increase your speeds and reliability. Why?

The cloud.

Businesses are continuing to use more and more cloud-based IT and telecoms services. In fact, the UK cloud adoption rate reached 88% in 2017 and 67% of businesses expect to increase adoption in the coming years. Think about your workplace; are you using Office 365 products, Google Docs, VoIP, hosted servers, off-site backups, cloud-based software? Are you looking to adopt more cloud-based products in the future?

We are using more and more cloud-based products because they are cost-effective. However, the more we use, the more pressure we put on our broadband connection. This is because all cloud-based products are hosted remotely and you access them via the internet. The more products you add, the more services you have using your broadband at the same time. If you don’t increase your speeds accordingly, the speed and responsiveness of these services (and any that use the internet) will decrease.

You need to think about this in terms of productivity. If these systems and applications slow down, productivity decreases.

Increasing your broadband speed now will help you to avoid this and future-proof your business. But it’s not just the cloud that demands better speeds from our broadband. The way we work is changing and this is also affected by our broadband speed.

The good news is that now is an excellent time to increase your broadband speeds. The government is currently running the Gigabit Voucher Scheme, which gives you up to £3,000 towards the installation of gigabit connections. Gigabit connections provide broadband speeds of up to 1,000 megabits-per-second. According to Ofcom, the average speed of broadband in the UK is currently 46 megabits-per-second, so that’s a huge jump. You would still need to pay for the ongoing rental, which would be £400-800 depending on your location and actual speeds. The scheme is supplier-led so you need to find a registered supplier if you’re interested. Suppliers, criteria and more information can be found on the official website for the scheme: www.gigabitvoucher.culture.gov.uk

For smaller companies, the cost of a gigabit connection will most likely outweigh the benefits. However, it is still a good time to increase your speeds because the cost of connectivity has significantly dropped in the UK in the last few years.

You should contact your current supplier to review your options. Good suppliers should be able to offer you a better deal (bear in mind any current contract periods).

For example, we’re currently able to offer many customers speeds of 100 megabits-per-second for the price of 50. That’s double the speed for the same price, and prices have almost halved over the last 2-3 years!

As we continue to shift more and more of our work into the cloud, we’re going to need to have faster internet connections. Future-proof your business and act now. There has never been a better time to increase your business broadband speeds.

Please get in contact with us if you want us to review your broadband.