Competitiveness Compromised: Connectivity Challenges Confronting SMEs Today
Having high-speed internet connectivity is crucial for small to medium-sized enterprises (SMEs) to compete in the business world. However, weak internet and communication often hampers the ability of SMEs in the Philippines to compete locally and globally. A 2018 study entitled, “Drivers of Philippine SME Competitiveness” says poor quality of telecommunication infrastructure connecting the market and the production site or office is one of the top three barriers on SMEs’ access to market.
Another study also says infrastructure and telecommunications are considered significant obstacles for those in services industry from participating in the global value chain.
Indeed, there are many other factors that help take businesses to the next level, but something as simple as having a fast and reliable internet connection will solve a lot of problems and put your company at an advantage.
Here are the three major challenges that businesses confront due to poor internet speed:
Spending more time resolving connectivity issues than actually accomplishing your tasks for the day? Poor connectivity hampers productivity. If the connectivity slows, inevitably, so will work pace. To deliver the best service your customers deserve, it is important for employees to be able to perform at their best and to do this, they need to be able to rely on having a strong, reliable internet connection.
The amount of time lost from having poor internet connection can have a huge impact on both the growth and results of businesses
Now that more businesses have moved to the cloud to reap the benefits of being able to deliver outcomes quickly and enhance innovation, using cloud solutions requires a large consumption of data. However, If the internet connection isn’t strong, not only uploads but as well as other online tools that your business use will suffer massively and will perform poorly.
To make sure that you are making the most out of the cloud, a robust broadband connectivity is a must.
For managers and business leaders, staying connected with employees and keeping them updated with company and product information is vital to a smooth-running business.
Since internal communications rely on the intranet—email, e-publications and webinars—a weak internet connection can cause a big problem.
More importantly, the number of internet users in the office also affects internet speed. Connectivity eventually slows down when a lot of people are trying to use one internet line at the same time.
Aside from internal communications, having a seamless communication with the customer is equally important. Fast and reliable communication has become the norm in society, so individuals have come to expect the same from businesses.
Being able to quickly interact directly with the customer is expected in the digital age but if you consistently fail to meet this standard, ultimately, you are missing out on a huge market.
What You Can Do: Make The Wise Move NOW!
Now that you know these challenges caused by poor internet connectivity, you might be considering by now exploring other options. The good news is you don’t have to look any further because we have the perfect solution just for you!
Did you know that there is a broadband service tailored just for SMEs’ operational needs?
TruNET premium broadband delivers premium fiber coverage to different business districts in the Philippines. Powered by a cloud-native network security infrastructure, we protect your businesses from online threats, prevent DoS attacks with a standard-issue stateful firewall, web content filter to maintain user productivity, and prompt support SLA.
Find out how TruNET can help your business take off and serve your customers better. Visit www.t2g.net.ph/trunet/ now!