Gigabit Internet and Business Benefit: What You Need to Know

Published: November 2020

Did you know that your employees lose an average of one week of productivity per year due to slow internet speeds? If you employ a lot of people, that adds up to a lot of wasted time and money.

That’s why employers are increasingly choosing to implement gigabit internet or high-speed internet. The speed and efficiency are far beyond anything offered by traditional cable internet, and depending on your service provider, it may not be much more expensive. 

When it comes to internet speed, New Zealand ranks higher than many other countries. And 52% of businesses are now connected to fibre, a figure which continues to grow. So there’s no reason why your employees should have to deal with slow internet speeds.

Read on to learn why your business should consider adopting gigabit internet.

5 Business Benefits of Gigabit Internet

At first glance, it may be hard to see how faster internet speeds could benefit your business and employees. But high-speed internet is not a luxury — it’s actually a necessity for all high-performing businesses. Here are five ways gigabit speeds can positively benefit your business. 

1. Increased employee productivity

Employees often waste an inordinate amount of time on basic tasks like waiting for necessary files to upload and download. Switching to gigabit internet will help improve employee productivity and allow employees to spend more time on the high-level activities that truly make a difference in your business. 

2. Reduced latency

Latency is the delay that sometimes occurs when you’re processing information over the internet. A certain amount of latency is normal but too much latency can become a huge problem in a workplace setting. 

Gigabit internet will go a long way toward reducing latency. This will make it easier for everyone to download files, communicate with team members, and move data to the cloud.  

3. Better options for video conferencing

Video conferencing options are a must in 2020 and it will continue to be important heading into the New Year. Implementing gigabit internet will lead to fewer dropped calls and will improve the quality of your video calls overall. If you regularly have video calls with clients, this can dramatically improve your customer service. 

4. A cost saving to employers

When your employees lose time due to slow internet speeds, it costs the business money. Your business will end up paying for every minute of wasted time due to slow internet connectivity. So upgrading to gigabit internet will actually save your business money in the long run. 

5. Higher workplace morale

And finally, your employees are not going to be as happy trying to do their jobs if they’re constantly dealing with delays and inefficiencies. Investing in gigabit internet will make it easier for employees to communicate with one another, finish their work faster, and collaborate more effectively. This will lead to improved workplace morale and can give your business a competitive advantage in the long run.

FAQs About Gigabit Internet

Still wondering whether you should upgrade to faster internet speeds? Here are some of the most commonly asked questions about gigabit business internet.

What is considered a high-speed internet?

What is considered high-speed internet largely depends on what you’re using it for. If you regularly have to conduct video conferences, communicate digitally with other employees, and download large files, you’ll need a minimum of 100 Mbps. 

Why does your business need high-speed internet?

If you’ve never invested in high-speed internet before, then having a slow internet connection may not seem like such a big deal. But it can add up to a lot of wasted time and opportunities throughout the course of a year. 

You’ll end up dealing with more downtime and less productivity among your employees. Plus, slow internet speeds can actually cause your business to be less innovative and you may not seem as attractive to potential job candidates. 

How fast is 1 Gbps fibre broadband?

1 Gbps is equal to roughly 1,000 Megabits per second, which is considered high-speed internet. With internet speeds that fast, you’d be able to download a 4 GB file in just 34 seconds. In comparison, if your internet connection was 100 Mbps, it would take over five minutes to download that same file. 

Is it worth getting gigabit internet?

Yes, it is definitely worth getting gigabit internet for your business. You’ll likely earn your investment back in time saved. And faster internet speeds will help your entire business run more efficiently and give you more of a competitive advantage in the market. 

Where can you find gigabit internet plans?

You can find gigabit internet plans from providers like MyRepublic. We offer three different high-speed internet plans for small businesses, depending on the size of your company and your internet needs. 

The Bottom Line

High-speed internet is not something that is just nice to have — it’s actually a necessity for your business. Investing in gigabit internet will improve employee productivity and make it easier for employees to collaborate on meaningful projects for your business. 

This will lead to increased employee satisfaction and could make your business more attractive to potential employees. Over time, you’ll likely find that the investment you make in gigabit internet ends up more than paying for itself. 

If you’re not sure where to find gigabit business internet, you should check out the plans MyRepublic offers. We are the leading provider for high-speed internet in New Zealand. To learn more, check out the MyRepublic gigabit internet plans we offer to small businesses.