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Broadband Penetration and Average Speed; East Beats West

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Broadband is the necessity of the modern world. It lets you connect to the virtual world even faster, you do your job faster and it helps you save your time. High speed internet with the help of broadband has not only made the experience on internet faster but also more content and feature rich. It wouldn’t have been possible to watch a high quality video documentary on YouTube seamlessly ten years back.

In the year 1997, the cable modem was introduced. Until at least 2001, it wasn’t very common due to its high cost. By 2004, people realized the convenience of using high speed internet, it had become very common in the average households in the United States and in the rest of the world. Almost immediately after two years, broadband started gaining popularity in developing countries like India as well with state run BSNL and MTNL using their existing landlines to provide high speed internet up to 256Kbps.

Since 2004, broadband has come a long way. In terms of speed and cost, many developing countries are leaving the developed countries like UK and US in the dust. To cite an example, according to a survey done by an IT company Akamai, the average broadband speed in UK is 6.3Mbps compared to 6.4Mbps in Romania. Among the G20 nations, the UK generates the largest amount of money online, still the speed of download in the country is 16th slowest in Europe.

When I was in UK, I owned a BT broadband connection. The connection was lightning fast at 16Mbps, much faster than the average UK broadband speed. The connection cost me £16 for unlimited broadband excluding the line rental of £15.45 per month. I got extra benefits like Sainsbury’s gift card worth £25, weekend calls and free sports channels on TV.

When I came to India I did not expect similar speed on broadband and at much cheaper price! In Bangalore 16Mbps Airtel connection cost me ₹1500 (£16.6) including line rental and a free Wi-Fi router and 20 hours of free calls per month. You do not need to hang-up every hour like you need to do for unlimited and weekend calls in the UK. The internet connection did not include TV, which was one disadvantage. The service providers do offer Direct to home satellite TV services, but they have not merged their services to provide a complete package. Also the download had a limit of 80GB but after that you can download unlimited at the lower speed of 512Kbps, I could never consume 80GB hence I experienced seamless fast internet without any problem throughout the month.

BT Group of the UK, which has a network reaching almost every household in the country, is laying fibre to cabinets in the streets. However, they are still relying on conventional copper wires to carry the broadband signal to the doorstep from the streets. This means that if 1,000Mbps or more is supported by the fibre optics, at the end of the day the copper wires to home will only be able to carry 80Mbps speed.

Average broadband speed by country
Image by Akamai

When it comes to the network speed, east clearly beats the west. The tech savvy Asian population in South Korea (15.7Mbps), Japan (10.9Mbps) and Hong Kong (9.3Mbps) have occupied the top three positions in the list of fastest average internet speed by country.

Rank
Country
Fixed Broadband Subscriptions
Percentage of Population
Year
1
China
126,337,000
9.42
2010
2
United States
85,723,155
27.62
2010
3
Japan
34,044,729
26.91
2010
4
Germany
26,089,800
31.70
2010
5
France
21,345,000
34.00
2010
6
United Kingdom
19,579,823
31.56
2010
7
South Korea
17,193,570
35.68
2010
8
Russia
15,700,000
10.98
2010
9
India
15,010,000
1.23
2013
10
Brazil
13,266,310
6.81
2010

When it comes to number of subscription, BRIC nations manage to come at the top 10 positions challenging the developed countries. China sits at the top, and Russia, India and Brazil occupy the 8th, 9th and 10th position respectively.

However, when it comes to rate of broadband penetration, BRIC nations do really badly, especially India, the Information Technology hub of the world, with only 1.23% of its population connected to the high speed internet. Russia is doing relatively better than other BRIC nations with 10.98%.

Many governments in Asia have made Internet development as a national goal on priority, which has resulted South Korea becoming the hub of online streaming and online gaming which requires high bandwidth. Just like how in Europe Latvia and Romania do wonders, we may expect India and China doing the same in Asia, which have massive population working in Information Technology services and Software Development.

Student @ Advanced Digital Sciences Center, Singapore. Travelled to 30+ countries, passion for basketball.

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How To Make Business Life So Much More Favourable

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If you have a business or you’re heavily considering starting a business, then you’ll know all about the perils and the difficulties that will come with it all. While it seems like such a wonderful idea from the outside looking in, it’s actually something that can really take its toll on you if you’re not prepared enough both mentally and physically. 

You’ll always be looking for ways to make business life an awful lot more convenient. The idea in this game is obviously to work hard as you never get anywhere without a serious commitment. You’ll really want to focus on working smart, however. Hard work for no reason is foolish when you have much better ideas and techniques staring you in the face. Business life can be a real hassle if you get things wrong and have to go through laborious days. Here are just a few ways to make your days, weeks, and months a lot more favorable for you: 

Get The Right People Around You  

Who you share your time with in business matters so much. If you have all of the wrong people, then you could be on a downward slant over the next few years. If you have good people with the right attitude and intentions, then you’ll likely become a lot more successful. In terms of using the right people, we’re talking about networking, hiring staff, bringing in specialists, soliciting advice, and so many other areas. Business is an interpersonal game, so make sure the right groups and individuals work with what you’re trying to achieve. 

Embrace Technology A Lot More Than Perhaps You Are Right Now 

If you’re already someone who wants to milk every platform they have, then this idea won’t worry you too much. There are so many pieces of ai powered software around that will help you with what you’re trying to achieve. Analytics, ads, management, and so many other areas can be bolstered with good programs. 

Set Up Genuine Plans With Achievable Goals 

This sort of goes without saying because you’ll likely have plans for the tasks ahead. This is more the idea of creating more structured plans for areas that are perhaps freer and less structured. Setting goals for everything you do can lead you to understand more about what needs to be done. It also gets everyone even more motivated. 

Take Care Of The People Working With You 

In terms of those you’re with, you’re going to need to treat them properly. It’s amazing what can happen if you neglect how they feel and the work they put in. The best leaders will always hone in on each individual and check in with them. 

Outsource Certain Jobs That Are Tedious

Sometimes, there are particular tasks that – although they need to be done – take up lots of unnecessary time and stress. If you are outsourcing admin, for instance, it makes life a lot easier for you as you all can focus on the productive and progressive side. 

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Current Trends in Business That Every Entrepreneur Should Work Towards Achieving

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The world of business is changing and with it the trends that entrepreneurs should be working towards. Entrepreneurship has become a lifestyle as opposed to just a paycheck. With an entrepreneurial mindset, you can do anything. Check out these current trends in business that every entrepreneur should work on achieving:

E-Commerce

E-commerce has been a significant trend for the past few years, and you can expect it to continue being so. E-commerce has multiple benefits, including increased revenue, high availability of products, and a more significant customer base.

E-commerce allows businesses to be present on all digital platforms, which helps them reach out to more customers quickly. In addition, it makes it easier for companies to reduce overhead expenses as there are no physical stores that have rent costs associated with them or inventory levels that need maintenance constantly. Statistically, e-commerce has grown rapidly in the past few years from 25% – 30% year on year.

Financial Apps and Software

The software aspect comes into play when considering how businesses manage their finances moving forward. Companies must adapt to technology. Otherwise, they will find themselves left behind by competitors who embrace emerging technologies such as cloud computing and mobile apps. It is also easier to make purchases using these apps and communicate with the sellers. Incorporating such software with equipment and partnerships with a payment processing company will diversify the business activities and set you up for expansion.

These apps allow them to move away from traditional forms of financial management such as spreadsheets and accounting software to financial management apps such as Xero. With these new apps comes the ability to monitor business finances from anywhere, which can help businesses grow faster than what they would ordinarily be able to manage with slower conventional processes.

Blockchain Tech

Blockchain tech is the current trend in business that every entrepreneur should work towards achieving. You can apply this technology to many different industries, and entrepreneurs need to find their niche within this growing market. It’s also critically important not to overlook blockchain tech when deciding which cryptocurrency or token you want your company associated with.

Both positive and negative factors are involved in choosing one solution over another, but it all comes down to finding what works best for each situation. For example, today’s most valuable aspect of blockchain tech is its promotion of secure transactions between parties while eliminating third-party transaction fees (or at least significantly reducing them).

It means that businesses operating on a global scale could potentially enjoy significant savings in maintaining financial records. Transparency is also an important selling point for blockchain tech. The decentralized nature of its design makes all transactions public and easily accessible by anyone who has access.

Fraud and Cyber Crime

Another current trend that every entrepreneur should work towards achieving is fraud and cybercrime. In today’s modern world, the internet has brought the business community closer together as it allows you to reach a global market from almost anywhere with an Internet connection. Unfortunately, this means those who want to take advantage of this have access to millions of more potential customers, making it easier for fraudsters to steal money from unsuspecting victims.

Businesses that are not careful can fall victim to several types of cybercrime, including phishing, spoofing, pharming, and identity theft. These crimes are increasing at an alarming rate as more people use the internet for business purposes which means scammers often target them.

Conclusion

Today, business is becoming increasingly challenging. The traditional ways of doing things don’t work anymore, and it’s time for entrepreneurs to adapt to stay relevant within the industry. However, the industry itself is evolving rapidly, and it’s challenging to keep up with the changes that are happening every day. Fortunately for you, this post is here to help you understand the current trends that every entrepreneur should work towards achieving.

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Employee Training and Development Becomes One of the Most Disruptive Megatrends That Is Shaping the Future of Work

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Employee training

There is no question about the effectiveness of employee training and development. It’s incredibly important to help your staff advance their skills and knowledge to help grow a business, but the impact of employee learning has often been understated and even neglected. However, companies are now suggesting that employee training and development is one of the biggest megatrends that have completely transformed the future of work. It has overhauled how businesses should be developing and engaging with employees, and it’s leading to an incredibly diverse and talented workforce that is capable of wonderful new things.

Part of the problem of employee training and development is that it’s difficult to measure its impact on the workplace. Employee performance often isn’t a quantitative measurement that is easy to read and link to their output. This is one of the reasons why the effectiveness of employee training and development has been questioned by management experts.

Thankfully, new strategies have been developed to help measure workplace learning and its impact on companies. Below, we’ve included a helpful infographic that covers some of the most important measurements, such as return on investment and how it is calculated in the context of employee learning and development. It should put the effectiveness of employee training into perspective and will help you better understand when training is needed and how development actually improves your business and its productivity.


Infographic by: Ezra Coaching
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