NBN: Business Fact Sheet What is the National Broadband Network? The National Broadband Network (NBN) is a high speed network designed to reach all Australian premises with a combination of fibre, fixed wireless and satellite. It is significant communications infrastructure to be used by Australians for many decades to come. Case study: Willunga Farmers Market The Willunga Farmers Market is one of thousands of similar markets around the country that connect shoppers with the people who grow and produce their food. Every Saturday, Ms Billy Doecke, Assistant Manager of the market’s not-forprofit organising committee, opens the gates at dawn and makes sure everything runs according to plan. Services provided over the NBN have the potential to open new markets for businesses and boost productivity and efficiency. How could you increase your business advantage with the NBN? Businesses may have new opportunities to create strategic advantages and create new online digital plans to work and trade more effectively with high speed internet access provided via the NBN. Possible online business benefits include: Live chat and video calls – to provide new ways to service and interact with your customers Extended business hours online – to allow for 24 hour online trading The farmers market upgraded to an NBN fibre connection from ADSL2 in October last year, and Doecke said it had made her work a lot more efficient and easier to concentrate on both promotions and logistics. “We started with a YouTube channel with a market wrap on what was in season every Saturday. I would film a quick 30 seconds and upload it to YouTube. Previously, without the NBN, it would take four hours to load using our ADSL internet connection.” Greater efficiency and lower costs with the time saved in sending and receiving large files online “We’re also developing a virtual tour of the market. It’s in the early stages of development, but it would allow people to walk around and see who is there and where they are positioned on the day and what they’re selling.” Attracting and retaining skilled staff, who may not live near your office, through teleworking Ms Billy Doecke, Assistant Manager, Willunga Farmers Market Committee Flexibility in locating your business offices with 24 hour online access To take advantage of these new opportunities, you’ll also need to make sure you’re utilising the right software, equipment and connections in your office to access services like live chat or teleworking. Some business services may require equipment or software upgrades to be switched to the NBN. For further details on these services visit www.nbnco.com.au/business Speed and reliability of broadband outside the major cities is a big issue for small business. Out in regional Australia it makes a big difference. We want the NBN, we need it. People are excited. Businesses in the fibre footprint have the opportunity to benefit with the release of the first stage of the NBN’s fibre product enhancements. Peter Strong, Executive Director, Council of Small Business of Australia (COSBOA) www.nbnco.com.au NBN Fibre Enhancements for Business New additional business features available over fibre will be provided to retail service providers, to allow them to enhance the services they can offer you - they’ll be providing you the service in the same way that the existing NBN Co Fibre Access Service is offered to you. These optional enhancements include: • improved support coverage and restore times • increased ability to support multi-line voice services and telephony applications giving customers access to multiple lines within their premises These business grade enhancements are expected to help retail service providers offer businesses with high speed broadband and quality multi-line voice services, while improved service levels may assist in supporting longer hours of business operation. Maximising business success According to the Council of Small Business of Australia (COSBOA), services provided over the NBN could promote improved workplace flexibility, which can save time and money and improve work/life balance, while opening up new business opportunities1. Keeping pace internationally and accessing new markets The internet has created a global marketplace allowing people to shop when it suits them and access suppliers around the world. Australian online retail sales are expected to almost double from A$16.9 billion in 2009 to A$33.3 billion in 2015 and, according to Forrester research, Australian retailers will face greater competition and customer expectations will rise2. This environment provides opportunities, through services delivered over the NBN, in how businesses interact with their customers. For example, it might make it easier for customers to contact businesses at times that suit them with 24 hour access, increase access to customer service via the channel that suits them or to enjoy secure online payments. The quality and speed of websites is also becoming increasingly critical to business success. Around 47 percent of consumers expect a web page to load in two seconds or less and 40 percent would abandon the page if it took more than three seconds to load3. Potential for increased access to business expertise and greater staff retention By providing access to high speed broadband to 100 percent of Australian premises, the NBN has the potential to make it easier for your business to access and attract staff from a greater talent pool, who may not live locally or may need to be at home. High speed broadband could provide the ability to telework, allows for flexible working hours and the ability for online training. Research suggests that if 10 percent of Australian employees were to telework 50 percent of the time, the total annual gains from teleworking would be in the order of $1.4 - $1.9 billion per year4. Boosting business efficiency Access to high speed internet can provide businesses with new opportunities to create strategic advantages and create new online digital plans to work and trade more effectively. The trend towards moving business processes online continues to escalate. Services provided over the NBN are expected to allow businesses to take advantage of these processes, particularly for businesses located in rural, regional and remote Australia, which may have significantly slower broadband speeds. Small businesses are the backbone of the Australian economy, making up to 96% of businesses and accounting for almost half of industry employment5. They account for 46% of Australia’s GDP and 4.8 million direct employees6. The NBN will be important infrastructure on which businesses can run faster and smarter. For more information: Phone 1800 OUR NBN (1800 687 626) Visit our website at www.nbnco.com.au Email [email protected] Watch our YouTube channel at www.youtube.com/nbnco Follow us at twitter.com/nbnco The NBN is important infrastructure that could help Australia’s SMBs to keep pace in competitive global markets, particularly in rural, regional and remote areas where internet speeds may be slower. 1 2 3 4 5 6 Council of Small Business of Australia, 2009, ‘Realising our Broadband Future for Small Business’ Forrester Research, 2011, ‘Australian Online Retail Forecast: 2010 to 2015’ Verdict Research Centre, 2010, ‘UK e-Retail’ Access Economics, 2010, ‘Impacts of Teleworking under the NBN’ http://www.innovation.gov.au/SmallBusiness/KeyFacts/Documents/SmallBusinessPublicatons.pdf Ibid
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