VOIPO relies heavily on the general populations access to broadband. In places like the United States and Canada, this is not an issue, but for less developed nations broadband is much more scarce. A report from the World Bank tells the story on just how critical broadband access can be both in the United States and in the rest of the world. The report is a few years old but the importance is just as prevalent today.
here are some snippets for you in case you don’t have time to read the full report.
In 2005, productivity improvements because of the use of mobile broadband solutions across the U.S. health care industry were estimated to be worth $6.9 billion.
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nextgeneration broadband has the potential to contribute $500 billion to GDP in the United States and from $300 billion to $400 billion in Europe, and was likened to water and electricity as the “next great utility”
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Broadband enables economic integration and encourages greater international competition in sectors and jobs that were previously uncontested.
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Broadband is a significant technological development, providing users with fast, always-on access to new services, applications, and content. Much of the research on the relationship between broadband adoption and its economic impacts has been in the form of qualitative arguments, anecdotes, and limited case studies. Formal empirical studies have focused on developed countries, and firm- and community level studies in those countries confirm the high potential economic gains from broadband—including higher productivity, lower costs, new economic opportunities, job creation, innovation, and increased trade and exports.
Read the full report here.