Posted on 14th February 2019
Every time your business suffers through downtime, outages or sluggish broadband speeds, your business is potentially losing money in lost revenue (not to mention the money you’re spending on staff who can’t do anything when the internet is down).
Chances are, even a few half hours here and there have a real impact on productivity and revenue. But how much is a slow or even broken internet connection costing your business? A OnePoll study found that on average, employees lose 44 minutes every week due to poor broadband speeds and connectivity.
So, every year your business is actually losing a week’s worth of work (38 hours) per employee, all because of a poor internet connection. And that’s just the start of it.
39% of employees say that their internet is ‘much faster’ at home compared to the internet they use at work
10% of employees admit that they look for other jobs during prolonged periods of IT downtime (when they can’t work)
7% admitted that their work internet connection grinds to a halt more than 10 times in any given seven-day period
£Ilbn is lost every year by the UK economy, as a direct result of lost productivity – much of which is down to connectivity
£494 is lost every year in productivity costs due to slow internet – and this is for every employee a business has
44 minutes is lost every week, per employee, due to poor connectivity. If you have I0 staff, that’s 7 hours lost each week
HOW LEASED LINES COULD BENEFIT YOUR BUSINESS
Uncontended connections offer the fastest speeds to keep your business working, plus symmetrical speeds are ideal for VoIP and more.
A Leased Line is not shared with others, meaning your traffic is private. Fixed lines are the most secure way to communicate right now.
Faster Adoption of New Technologies With Leased Lines you can benefit from faster adoption and hosting of new internet-based applications and software.
I00% availability SLAs, optimum fix times and traffic redirection failover options ensure you have a constant, reliable connection.
Leased Lines are backed with 24/7 support teams while vendors continuously monitor networks to detect failures, intrusions & attacks.
As Leased Lines are delivered over a high capacity carrier-grade backbone network, you can scale up as your business grows.
SIX WAYS LEASED LINES CAN SAVE YOUR BUSINESS MONEY
PROTECT FROM DATA BREACH AND DOWNTIME
Leased Lines are not shared with others, meaning any information transmitted through them is private, and that’s a huge benefit for modern businesses – particularly when you consider the Information Commissioner’s Office fine of up to £500,000 for compromising personal data. Not only could you avoid fines if you handle customer information, but you could avoid the downtime associated with hacks and security breaches:
87% of small businesses reported at least one cyber breach in the last year
60% of businesses in the UK reported downtime, with 34% seeing a loss of revenue
REPLACE LEGACY HARDWARE
Leased Line costs suddenly look a lot more palatable when measured against the savings you could make through IP-based telephony. Leased Lines allow you to discard legacy phone systems, the associated maintenance and upgrade fees, in favour of scalable IP-based services that reduce costs and dramatically improve call quality (as well as featuring a range of business-ready features). According to recent research from BT:
74% of businesses have
seen their IT costs fall thanks to faster internet
22% of SMEs are using the internet for phone calls. Businesses using VoIP make an average yearly saving of £456
EMBRACE THE CLOUD
Cloud applications can make online collaborations easier and help you replace costly in house systems. Flexible tools like Hosted Exchange and Skype for Business run on simple subscription models, while easy scalability means you can quickly add or remove users as required, so you’ll only ever pay for what you use. The cloud makes a big difference to your business, and 69% of businesses say fast internet helps them use it to its potential.
69% of businesses now use cloud applications (up 10% on 2014)
68% use cloud applications for email
63% use cloud applications for social media 63% use cloud applications for file sharing
4 REDUCE TRAVEL COSTS
VoIP and online meeting software run extremely well using Leased Lines, meaning your teams (and you and your clients) can stay in touch easily whenever and wherever they are. This means you can cut down on the number of physical meetings, reducing travel fees and overheads and promoting productivity. Remote working is growing quickly in the UK, seeing a substantial growth in the last 1-2 years. 7% used remote working in 2014. By 2015:
91 % of businesses in the UK take advantage of remote working
76% of businesses spend less time and money travelling thanks to video conferencing
IMPROVE YOUR DIGITAL STRATEGY
As a faster, more secure and more reliable form of connectivity, Leased Lines can improve and make it easier to implement your digital strategy. If you don’t have a digital strategy for your business, you should strongly consider putting one in place to help improve your enquiries, sales and customer relations. 2 out of 3 UK businesses think a digital strategy is critical for business success:
57% of UK businesses have had more enquiries thanks to their digital strategy
50% of businesses in the UK say having a digital strategy has increased sales, and 29% say it has reduced costs
IMPROVE BUSINESS EFFICIENCY
Reduced downtime, improved security, less time travelling or in meetings, better use of cloud applications and quicker working practices all contribute to making your business more efficient. This not only reduces costs, but allows you to devote more time to other areas, such as your online presence, networking, business planning or researching
72% of businesses believe
it is very important to keep up with new technologies
69% say that keeping their website and/or social media channels running efficiently is crucial to their business success
For more details, please contact Mark Shearring on 07940 830292 / 01273 917948 or email
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