Is high-speed internet now a small business necessity?

Cashmanager | 3 years ago

There can be little denying that we are in a technological age. Everything from travel solutions to applications around the home have been touched in some way by the digital space. Consequently, the need for more connectivity can seem like a never ending race at times.

Where should small business owners position themselves? Well, while there are myriad processes that are a little more traditional, and even some small business software packages that are just as effective offline, a stable, fast internet connection has grown to become a necessity.

New Zealand has the 42nd fastest average internet connection speed across the globe.

High-speed internet in New Zealand

Business owners in New Zealand may have found it difficult to plug into a truly fast connection in the past, especially if they live and operate in a more rural part of the country. However, the infrastructure across these shores has been upgraded significantly in recent times, and even tracks relatively well when compared to other developed countries.

A research report from cloud services provider Akamai found that New Zealand has the 42nd fastest average internet connection speed across the globe. While that may not sound too impressive, it puts the country ahead of near-neighbours Australia.

Moreover, according to a New Zealand Herald article that explored the research further, industry experts believe that the country could be within the top 10 in a few years time.

What are the benefits of high-speed internet?

So, while New Zealand as a country looks well positioned to be in the fast lane of the information highway, why should small business owners take note? 

Well, there are a plethora of benefits to using the internet for business processes. For example, telecommunications provider Nexogy explained that streamlining phone systems using the internet can offer small business owners a certain amount of stability.

Is a stable internet connection one of the building blocks of modern business?Is a stable internet connection one of the building blocks of modern business?

Specifically, if the company is located in one of the aforementioned rural locations, phone connectivity may not be at the optimum all of the time. Syncing calls across the internet can offer more reliability, meaning that businesses have a constant connection to both suppliers and customers.

Ultimately, the internet - and technology in general - has changed the face of modern business. There's accounting software such as CashManager from Accomplish to take care of finances digitally, while communications can also be kept simple thanks to tech.

While some solutions work without the internet, there are just too many advantages in having a high-speed network connection that small business owners simply cannot ignore.

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