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Poor Connectivity?

How Much Does Poor Connectivity Cost Organisations?

Poor Connectivity Cost

Despite the digital age, poor connectivity still significantly impacts businesses across the world and costs them not only in terms of productivity but also financial and data losses.

Who is affected? Every sector, from small enterprises to large corporations feel the sting of inadequate business connectivity. What is at stake? The ability of these businesses to operate efficiently, serve their customers and remain competitive. The cost of poor connectivity extends beyond immediate disruptions and affects long-term growth and customer satisfaction.

How Much Does Poor Connectivity Cost Organisations

The Financial Toll Of Poor Business Connectivity

Poor connectivity greatly hampers a business’ operational efficiency and can lead to substantial financial losses. In the UK, SMEs face an estimated annual loss of £18 billion due to poor business connectivity issues.

Globally, the impact varies. In the Philippines, poor connectivity leads to a 20% decrease in app session times and a 49% drop-in app retention rates. India’s economy has also been heavily impacted by poor connectivity. In 2021, the Indian economy lost $582.8 million due to poor business connectivity but this grew to a staggering $2.8 billion loss in 2022.

The High Cost Of Cybersecurity Breaches On Business Connectivity

Cybersecurity breaches significantly impact global businesses, both financially and reputationally. One example is the Marriott and Starwood Hotels Group cyber-attack, which went undetected for years before being revealed in 2018 and compromised the data of an estimated 339 million guests.

The UK’s ICO initially proposed a £99 million fine, later reduced to £14.4 million, and highlighted the breach’s severity and the essential need for robust data protection measures.

The Hidden Cost: Productivity And Engagement

Beyond the direct financial and data losses, poor business connectivity contributes to a global productivity slump. Disengaged employees, from inefficient work environments due to connectivity issues, cost the UK economy £598 million in lost productivity in 2022.

A significant 52% of employees report increased stress, while 44% see a drop in productivity due to inconsistent internet. Additionally, 37% face disrupted team meetings and 21% encounter delays in project deadlines.

This disengagement not only affects individual companies but also has broader economic implications too.

The Ripple Effect On Business Operations

The impact of poor connectivity extends beyond immediate financial losses and reduced productivity. Connectivity issues can severely impact customer satisfaction, brand reputation and the ability to compete in a rapidly evolving market.

Connected Networks: Bridging The Connectivity Gap

Understanding the significant cost of poor connectivity is the first step towards addressing it. Here’s where Connected Networks helps.

We offer bespoke B2B connectivity solutions designed to tackle the challenges faced by businesses today. With a comprehensive understanding of the importance of reliable connectivity, Connected Networks provides tailored solutions that ensure your business remains connected, efficient and competitive.

Why Choose Connected Networks?

Global Reach:

With access to more than 500 connectivity suppliers and coverage of more than 1.4 billion buildings worldwide, Connected Networks ensures your business can operate seamlessly across 195 countries.

Tailored Solutions:

Recognising that each business has unique needs, Connected Networks offers customised connectivity solutions that match your specific requirements, ensuring optimal performance and reliability.

Simplified Management:

You can manage your global connectivity needs with ease through a single interface, meaning you can focus on what you do best.

Call To Action

The cost of poor connectivity to businesses is clear and impacts financial and data performance, productivity, customer satisfaction and competitive positioning. As businesses navigate the complexities of the digital landscape, the need for reliable and efficient connectivity solutions has never been more critical.

Is your business fully equipped with the connectivity it needs or are you suffering from the setbacks of poor connectivity? Connected Networks is here to help bridge the gap by providing the support and solutions necessary to enhance your business connectivity.

To find out how Connected Networks can hep you transform your connectivity challenges into opportunities for growth and success contact a member of the Connected Networks team today.