High Speed Broadband is the Lifeblood of the New Economy

Bolt speed Broadband is the lifeblood of the new economy. 

In the current scenario, there’s no denying that high speed broadband services fuel economic growth of each and every nation. A study conducted as far back in 2011 by Ericsson (NASDAQ:ERIC), Arthur D. Little in collaboration with Chalmers University of Technology in 33 OECD countries, quantifies the isolated impact of broadband speed, showing that doubling the broadband speed for an economy increases GDP by 0.3%. (Ref: https://www.ericsson.com/en/press-releases/2011/9/new-study-quantifies-the-impact-of-broadband-speed-on-gdp)

 

Impact of high speed internet on various industries

Broadband is but a sheer necessity for ensuring growth in times of this modern digital economy is and a vital for jobs and innovations in each and every sector. Be it for established businesses who are busy investing their time, effort and resources towards the implementation of cloud technology or be it any internet based start up or even any new businesses like restaurants and cafes, wireless broadband services with uninterrupted connectivity and high speed is an essential factor that helps them thrive. Be it IT, BFSI, healthcare, advertising or telecom, no industry in India can prosper or even be functional without high speed internet packages from Internet Service Providers. Even the agriculture industry in rural India which still forms the backbone of the Nation has been known to reap the benefits from the vast repository of relevant knowledge and information as available in the internet. Freshers in the job market too are an integral part of this growth pattern with most companies having shifted their HR focus and search for the right candidate to digital based initiatives.

 

Infrastructure requirement for ultra-high speed broadband: Fiber optic cable network

It has been observed in developed Nations all over the world that ultra fast internet is but a direct output of proper investment towards infrastructure in the form of carefully laid out network of fiber optic cables. Internet Service Providers in India like Tikona Broadband Services cater to the requirements of both, home-based and commercial institutions including internet for start-ups/new businesses with the high speed internet packages.

 

The Digital India Campaign as launched in July, 2015 is a direct outcome of the Government having understood and acknowledged how it can make Indian economy stronger and is centered around the below 3 major aspects:

1. Digital Infrastructure
2. Governance & Services on demand
3. Digital empowerment of citizens

It has already created thousands of jobs and is slated to create a million more and thus improve the economy substantially.

In case you are still not a part of this digital revolution and empowered with a high speed internet connection yet, then do reach out to us 1800 209 0044 at or visit our website http://www.tikona.in to know more.

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