Tech

How fast internet is transforming the world

Drew Hendricks
Smarter Writer

Drew Hendricks covers technology and entrepreneur motivation for Forbes.com and Inc. Magazine

Drew Hendricks
Smarter Writer

Drew Hendricks covers technology and entrepreneur motivation for Forbes.com and Inc. Magazine

With the nbn™ continuing its rollout across Australia and business nbn more popular than ever, we look at what super-fast internet has done for nations, governments and businesses around the world, from Kenya to Singapore and beyond.

When faster internet is brought into a nation, small businesses are some of the major beneficiaries. Faster internet means faster checkout, which can keep lines moving at bricks-and-mortar establishments.

Ecommerce businesses especially benefit from faster internet in countries around the globe. In fact, slow page loading time has been found to be a leading contributor to shopping cart abandonment. Inspired by our global neighbours, we look at the top 6 technological advances that nbn business plans could also unlock for Australian small business.

small globe being held up by a hand

1. Singapore: Powering everyday life

In 2000, Singapore has hadimplemented l.a nationwide broadband network called Singapore ONE (One Network for Everyone). It not only powers the area’s business operations, but also automated traffic simulators and illegal parking detectors. It also paved the way for things like the ‘Intelligent Nation 2015’ — a master plan designed to make Singapore the world’s first smart nation. This commitment, coupled with fast internet, means government and businesses can use data analytics and the Internet of Things (IoT) to make the country a global leader in
innovative technologies. Initiatives like the ‘Smart Nation Platform’ enables enable essential data, captured and collected via sensors placed around Singapore, to be secured and shared through a central platform, to benefit all.

2. Kenya: Opening data analytics to everyone

Not too long ago, Kenya lingered far beyond the rest of the world in technology adoption. Thanks to an infusion of high-speed internet, however, the country not only has internet access in homes, schools, and businesses, it is rapidly becoming a global innovator. The country was the first in the world to embrace open-source data — a move that iencouraging researchers to study such vital information as weather patterns and health records. As the value of data reaches the rest of the world, more countries are expected to eventually adopt open-source data.

3. China: Cloud computing for a variety of industries

Recognising the prevalence of cloud computing in today’s IT environment, the Beijing Academy of Science and Technology created the largest industrial cloud-computing platform in China. Beijing plans to use this platform to serve many of the country’s government-supported industries, including biotech, pharmaceuticals, new energy, and knowledge-intensive manufacturing.

With cloud computing now mainstream, China has positioned itself to be a world leader in this technology. The global implications will be far reaching, with businesses large and small now being able to work collaboratively no matter their location.

4. South Korea: Free public Wi-Fi

When it comes to high-speed internet, South Korea has some of the fastest speeds in the world, averaging at 21.9 Mbps. The country’s residents have access to free Wi-Fi in thousands of public areas across the country, including bus terminals, train stations, and airports. After an hour of free service, users are asked to log in again, giving new users an ability to access the service if space becomes limited. With customers connected to a fast and free internet, the opportunities for online and mobile retailers is enormous.

5. USA: Connecting with workers worldwide

While the USA’s high-speed internet ranks fairly low compared to other developed nations, many American businesses have found it offers them the ability to connect with the rest of the world. Professionals have begun to realise that highly talented labour can be sourced from developing countries, especially in areas like software development. For a fraction of the price they’d pay an American worker, these businesses can go online and find skilled workers, bringing benefit to both the business’s budget and the economies of developing areas. Cash strapped small businesses can now get the range of services they want, at a price they can afford.

6. Japan: Embracing the Internet of Things

Much has been written about Japan’s interest in robotics, with the country’s National Museum of Emerging Science and Innovation hosting robots that promise to be the future. But Japan’s interest in making lives easier with technology doesn’t end there. The government recently announced ‘Society 5.0’ — a long-term initiative to integrate the physical and digital worlds  through innovation and technology. With so many major cars and electronics manufactured in Japan (Panasonic, Sony, Toyota, Mitsubishi), the country’s technology leaders also realise that the IoT is the future. Connecting machines, vehicles, home appliances and everything in between could even be become essential to a businesses’long-term survival

Faster, stronger, better

These examples indicate that high-speed internet has the power to bring major changes to the residents and businesses of any country. Fast networks provide connectivity from anywhere,
using mobile devices, PCs, and even home appliances, with an economic impact that is infinite. For small businesses in Australia that have adopted high-speed business nbn™ as their wireless connectivity platform, there’s a world of inspiration to draw new ideas from and prepare for a faster, stronger connection to both the local and global marketplace.

Interested in how an nbn business plan can benefit you?

Talk to Telstra

Faster internet is just a click away.

Talk to Telstra about the best nbn™ option for your business.

Find out moreFaster internet is just a click away.

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