Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.
Home Business Why Full Fibre Broadband Is the Key to Startup Success in the UK
iStock 1317442297

Why Full Fibre Broadband Is the Key to Startup Success in the UK

by Jessica Weisman-Pitts
0 comments

Why Full Fibre Broadband Is the Key to Startup Success in the UK

The benefits of digital transformation in the business landscape, including startups, are undeniable. Starting with cloud computing, startups of any size and scale are equipped to process, store, and manage vast amounts of data, thus improving data-driven decisions and business outcomes. Meanwhile, automated tools have reduced the need for manual labour in repetitive tasks, allowing startups to better allocate their human and logistical resources to more complex business areas.

However, such benefits can only be reaped when businesses have adequate digital infrastructure, mainly in terms of internet connection. Although a recent report reveals the slow rollout of 5G and broadband across Europe, the growing accessibility of full fibre broadband here in the UK provides the opportunity for startups to take full advantage of digital connectivity for aspects like cost savings, flexibility, and scalability, as discussed below.

The state of digital connectivity in the UK and Europe

As previously mentioned, a report by the European telecommunications lobbying group ETNO at the start of 2024 indicates that Europe lags behind the United States and Asia when it comes to rolling out advanced digital infrastructure, including 5G networks, broadband services, and cloud computing. So, despite a record 59.1 billion euros invested by the technology sector last year, ETNO urges Big Tech players like Google, Amazon, Netflix, and Meta to help pay for the faster, more efficient rollout of 5G and broadband in the region.

While there remains work to be done in improving Europe’s telecom capital expenditure per capita, average revenue per user, and overall digital network investments, improvements have been made in the UK’s access to reliable broadband services. Internet service provider Zzoomm has made full fibre broadband more accessible not only for residential use but also for business applications. With varied plans that match subscribers’ budgets and speed preferences of up to 2000Mbps, startups can start leveraging gigafast and symmetrical broadband connections to improve their workflows and achieve business success.

Benefits of consistent and affordable full fibre broadband for startups

Reduced operational costs

Firstly, availing reliable and affordable full fibre broadband enables startups to lower their costs of entry to a market and their overall operations. For instance, startups can employ automation technologies like artificial intelligence, big data, and the Internet of Things (IoT) with faster internet speeds. Such digital transformation efforts reduce the costs associated with expensive IT equipment and bigger staff numbers without compromising the quality of essential business functions like accounting, marketing, and administrative work.

Flexible ways of working

Meanwhile, incorporating advanced and emerging technologies into startups’ workflows and operations also allows them to work more flexibly. In a survey of UK small to medium-sized enterprises (SMEs), more than half (59%) answered that a reliable connection can make a huge difference in their operational efficiency, according to Computer Weekly. When you have a fast and uninterrupted connection, you can collaborate with teams and clients remotely, access and transfer essential information, and reduce overall downtime — ultimately increasing productivity and customer/client satisfaction.

Scalable operations

Lastly, ultra-fast connectivity via fibre networks equips startups with the ability to scale their operations without risking productivity and financial losses. Now that one of the biggest cloud computing trends is using generative AI for cloud migration and data strategy, having fibre broadband helps businesses transfer and secure their data to a larger infrastructure as they grow their operations, reports Cloud Tech. With little to no need for a redesigned or modified cloud server, this approach enables startups to succeed and sustain growth while still minimising potential data losses or leakages.

In summary, full fibre broadband is one of the crucial tools that startups can utilise to save operational costs, work more flexibly and efficiently, and scale their business for continued growth. Maximising this connectivity becomes more possible as the UK government invests in schemes that provide grants and subsidies to businesses looking to improve the speed and infrastructure of their internet connections.

Recent Post