If there’s one thing no one can deny, it is that the Internet is king. On personal and professional levels, no one would be able to work as proficiently or communicate as seamlessly as they currently do without it. We’ve lost count of the number of clients approaching us in need of more bandwidth in order to maintain the connectivity and speed that they need to succeed.
One of the key factors driving demand for bandwidth in small enterprises is growth. In fact, this has historically been the number one driver. But with recent trends in technology, there are three other factors rising to the surface:
• Cloud computing: According to Cisco’s “Global Cloud Index: Forecast and Methodology, 2014-2019,” global cloud demand is increasing at a CAGR of 33 percent. Both consumer and enterprise cloud usage will impact bandwidth demand as more data and applications are run through the cloud.
• Data transfer and storage: The same Cisco study notes that data center usage will increase at a CAGR of 25% through 2019. As more enterprises begin co-locating their environments and remote workers utilize virtualization to access central operating systems, more network demand will be required to ensure that the necessary data can be transferred seamlessly between data center and business locations.
• Internet of Things (IoT): The more connected devices in use, the greater the demand for increased bandwidth. With about 6.5 billion IoT devices in use, not to mention the ever-increasing amount of video streaming that occurs daily, network capacity is being stretched thin. According to McKinsey, IoT offers a potential economic impact of $4 trillion to $11 trillion a year in 2025 in settings such as factories, cities, and retail, to name a few. As all those enterprises embrace this powerful technology, they will be scrambling for bandwidth to support it.
This, is where the Metronet comes in. Countless organizations are leveraging the Metronet to ensure they have scalability and agility so connectivity is never a concern. President Rick Price of the Teachers Credit Union put it well when he described the wide-ranging benefits the Metronet has provided:
The Metronet is what connects all our information and keeps it moving smoothly and efficiently. While that is a significant benefit of the Metronet, another important advantage is the big savings in cost. As subscribers of the Metronet, the Teachers Credit Union saves approximately $6,000 each month, compared to the costs of its prior service, for an annual savings of $72,000. We estimate that due to our switch to the Metronet, we will ultimately gain a total savings of $250,000 to $300,000 each year.
Many organizations need help navigating this change. We recommend reaching out to an MSP to ensure that you take advantage of dark fiber in all the right ways. Simply have more questions? Don’t hesitate to reach out for an informational consultation.