Finding the way to a faster fibre network
Looking to improve their business processes, organizations are continuing to adopt new technological processes and applications such as big data analytics, teleconferencing and cloud computing.
And, with internet connectivity a fundamental part of this digital transformation, the bandwidth requirements of these companies continue to grow. As a result, the need for efficient, robust telecommunication infrastructure is becoming increasingly important to organizations on the lookout for new office locations.
But, for the time being at least, this infrastructure may not be as readily available or accessible as some businesses would like.
Providing superior connectivity, and faster upload and download speeds than traditional fixed-line copper broadband, fibre optic internet is currently the most efficient telecommunication infrastructure available.
However, according to a recent report from Toronto-based commercial real estate company, Colliers International, while there are a number of benefits to choosing a fibre-optic ready property, this is proving to be a challenge for businesses across North America.
Constructing an underground fibre-optic network throughout a neighbourhood can be an expensive and time-consuming process. Even after a network is constructed and properties become “fibre-available”, the individual office suites within those properties need to be wired through, which adds further expense.
The greater Toronto area, for example, doesn’t currently have a complete fibre-optic network, and it’s for this reason, therefore, that there are very few office suites available connected with fibre.
That’s not to say they’re not out there though. To help companies improve their connectivity, Colliers International has compiled a checklist within their report which companies looking for office space can use to better identify those properties offering fibre-optic broadband.
On the other side of the Atlantic, London does has a fibre network, but the challenge for businesses lies in accessing it.
Recently though, in a bid to improve connectivity – and productivity - the City of London Corporation published a new standardised legal document designed to reduce waiting times for broadband fibre installation from as much as a year to a matter of weeks.
With internet as the backbone of all businesses today, connectivity and speed are crucial to productivity and growth. Fibre-optic broadband offers both so, as corporations and real estate companies alike recognise the importance of fibre to businesses, it’s important that companies ensure their office space is connected to a fibre network and that they are able to access it in as short a time as possible.