A study by Cradlepoint shows how connectivity is considered a determining factor in the economic growth of our country.
In Italy, 51% of companies consider 4G/5G vital for their organization and 57% believe that improving connectivity is a key factor for emerging technologies in companies.
Cradlepointthe global leader in cloud-managed 5G and LTE wireless networking solutions, has released the results of the Rapporto State of Connectivity in Europe in partnership with Censuswide.
According to the study, European companies could lose billions of euros, as 74% of businesses faced at least 2 hours of downtime per week. Second Statesman an hour of downtime can cost €332,600, which is a huge cost to European economies. Additionally, connectivity issues have resulted in higher operating costs for 47% of businesses, and 33% said they have lost potential sales due to network issues.
According to the survey, poor connectivity has led to a fifth (21%) of European companies losing talent due to its impact. An increasingly difficult challenge for companies that are faced with a labor market already difficult to manage. Furthermore, we found that businesses largely agreed that better connectivity would increase their resilience to any future setbacks, with 90.5% acknowledging that it would help them manage potential economic, social and political challenges.
Also in Italy, 51% of companies consider 4G/5G vital for their organization and 57% believe that improving connectivity is a key factor for emerging technologies in companies.
Lack of investment doesn’t just hold back businesses: 80% of those interviewed state that poor connectivity prevents students from developing the skills needed to be successful in a modern economy, a figure that reaches 83% in Italy.
In response to the survey result Lorenzo Ruggiero, Cradlepoint Southern Europe Area Director said: “Research shows that, according to companies, technological development needs a solid foundation of connectivity, so that projects that use IoT, smart manufacturing, “smart” buildings and roads can fully express their potential. This is a crucial step for the country’s economy: investing more in connectivity, especially cellular connectivity, fosters growth, increases operational productivity and improves data security and governance. Connectivity is a fundamental element in the path of innovation that companies are called upon to operate in order to be successful on the global market”.