Broadband as the new Utility

Australian IT writes:

BROADBAND internet access is becoming so vital for businesses that it can be seen as a new utility comparable to water and electricity, a new United Nations report has revealed.

The UN’s Conference on Trade and Developments 2006 Information Economy Report revealed that growing importance of high-speed internet access was “disturbing news” for the developing world.

The reports authors said that broadband access remained scarce in the developing world while technology was exerting an ever greater influence on global business trends, UNCTAD warned.

“It’s absolutely necessary for countries because without broadband, it is difficult to have e-business,” Genevieve Feraud, one of the reports authors said.

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Rajesh Jain

An Entrepreneur based in Mumbai, India.