Broadband: its impact on British business

Broadband: its impact on British business
Document type
Report
Author(s)
Walsh, James; Norton, Jim
Publisher
Institute of Directors
Date of publication
1 October 2004
Subject(s)
Trends: economic, social and technology trends affecting business
Collection
Business and management
Material type
Reports

This item is only available to registered users

Register now or Log in

Your use of this content is subject to the terms and conditions of this portal

A report describes the results of a survey by the Institute of Directors covering its members' use and experience of broadband internet. Broadband is good for business. 84% of respondents who use broadband report that it has boosted productivity and 61% say that broadband has delivered cost savings. 64% report a direct link between broadband and increased profits. 79% of respondents have broadband access in their place of work. Over 93% expect to be signed up to broadband by mid-2005. Contrary to anecdotal suggestions that rising numbers of broadband subscribers must mean poorer levels of service, twice as many IoD members report an improvement in the quality of service as a decline - 24% compared with 11% respectively. 78% of respondents would expect increased competition to boost choice, innovation and take-up levels. The 'always-on' nature of broadband makes it particularly vulnerable to viruses and other threats. 96% of respondents use anti-virus software and nearly 90% have a firewall installed. Lack of access to broadband - especially in rural areas - remains a significant problem. Of the small numbers of IoD members who do not expect their businesses to be signed up to broadband within the next 12 months, half cited non-availability as the reason. These members will be watching closely to check that British Telecom keeps to its recent commitment to make broadband available to 99.4% of homes by summer 2005. The shift to homeworking has been one of the most dramatic social phenomena of recent years. The number of 'teleworkers' has been rising by 14% per year. It is not difficult to envisage a situation in which a broadband connection - and perhaps a home network that supports more than one computer - is seen as a basic home utility alongside connections to water, gas and electricity services. There are concerns that Britain's housing stock is simply not 'wired for work'.

Related to Trends: economic, social and technology trends affecting business

Follow the money: exploring the link between UK growth and workers' pay packets

Downloadable briefing note looking at the relationship between productivity and pay growth

From precarity to empowerment: women and the future of work

Downloadable paper on ensuring a fair future of work for women

Economic insecurity: the case for a 21st century safety net

Downloadable paper on how economic insecurity is experienced by workers

Business planning for Brexit

Downloadable IoD guide on preparing your business for Brexit

More items related to this subject