INTRODUCTION

As we know that businesses today cannot run without internet, In fact internet is like oxygen for most of businesses today and high speed internet is very much needed for smooth operations and efficient working. Although businesses have always tried new ways of changing information as in the 70s and 80s banks and wall street began changing the way they shared information as internet at that time required a modem and dial-up connection and it was very simple. Similarly wireless internet changed the working of casinos and increased their business. Fastest internet in Las Vegas gave casinos an option of having an emergency internet which they could use in case of failure of traditional internet connection. One more example is Pahrump and Pahrump high speed internet simply transformed economy of Pahrump.

HIGH SPEED INTERNET IS DEMAND OF BUSINESSES

Today businesses around the globe require faster, reliable internet connections, so it is not all about speed it is security as well which is really important as Data is the king in businesses these days and securing data is equally important. Business owners have become very demanding as far as IT services are concerned including internet and this keeps IT companies and IT professionals very much on toes and they keep innovating.

As businesses rely on cloud-based app and data high speed internet is very much need of modern businesses. Recent studies have shown that High-speed internet has a very positive impact on economy, we gave example of Pahrump and how Pahrump high speed internet transformed the entire economy there similarly In a recent study In USA researchers took statistics of 14 metropolitan areas where more than half of the population had access to high speed internet and then compared them to cities without high -speed internet. In the study it came out those areas with high speed internet could support a 1.1% higher gross domestic product than those cities which did not had access to high speed internet. Over all GDP growth of United States is somewhere around 1-2% percent a year so a difference of 1.1% is quit huge in these terms. 1.1% extra could mean $1.4 billion in the economy.

POTETIAL TO TRANSFORM ECONOMIES

In fact experts believe that high speed internet has the potential to transform economies and this statement is not true for USA only it is true on a global level and many developing countries can very much transform their economies simply by increasing internet speeds and by making high speed internet accessible to everyone. With access to high speed internet people start to find new ways of conducting businesses which leads to innovation. High speed internet has the potential to transform the economy as it increases the efficiency of society as a whole. High speed internet opens up possibilities for advanced online services, smarter utility services, telecommuting and telepresence. Faster internet speed affects each and every sector and gives it a required push that they need. For example health care sector almost in each and every country can get real push with faster internet.

EXPECTATIONS SHOULD BE PRACTICAL

But fastest internet in Las Vegas can bring the desired changes overnight and not all by themselves and positive effects of high speed internet is hard to see and it takes time before they would be visible, but slowly and slowly as various sectors get access to high speed internet almost all verticals of economy start to transform.

CONCLUSION

Spending on Digital infrastructure would result in value creation in the long term which will have long term benefits for the economy. As we have discussed earlier as well that High speed internet would open possibilities for more advanced online services, smarter utility services, e-health, telecommuting and telepresence.

But important thing that we must remember is that we should have practical expectations as well and high speed internet is not going to increase income instantly and it would take time show its effects.