Saturday, 23 September 2017

Information and commentary for the small business banking industry

How LTE networks are changing the cloud

We’re all aware of common communications services like Skype and Viber that can be helpful for companies to keep costs down. But where’s cloud communication heading – and are LTE networks changing the cloud for the better?

Using smartphones or phablets as primary workstations

Cloud technology has advanced the idea of a more connected world for years – but it hasn’t been able to completely deliver yet. When will working entirely remotely on a mobile device become the go-to option? Are long-term evolution (LTE) networks the answer?

We can already complete a number of day-to-day work tasks on our smartphones or fancy new phablets, but most staff can’t depend on one as their main computer terminal – with issues like battery life and download speeds a problem. However, the future is looking brighter.

The growth of LTE networks

LTE is a 4G wireless broadband technology that’s rapidly spreading throughout the world. Some of the most significant advances that LTE offers for business, include:

  • Higher bandwidth – speeding up your staff members (or customers) abilities to upload information to, or download from, the cloud.
  • Improved voice quality – with less likelihood of cutouts or needing to restart calls via the cloud, your business can rely more heavily upon LTE as a conferencing service.
  • Increased productivity – with the latest mobile apps and the LTE fast wireless service, handheld devices can be your main, mobile workstation of your staff members. In the United States, 67% of businesses already using LTE report increased productivity.*

Traditional communications barriers are being broken down – and 47% of early LTE adopters report cost savings, while 39% have increased sales.*

The private Internet

The move towards LTE networks is ensuring more information and data is ‘out there’ in the cloud sphere. As a result, privacy is becoming a massive issue. There may be a spike in demand for the private Internet – where companies move to protect their data better and tighten their security.

The upsurge of mobile banking

With mobile banking continuing to grow, technologies like the relatively powerful LTE networks are crucial for maintaining happy customers. The entire mobile banking process – from clicking through to the right screen, to receiving a confirmation – needs to be easy, rapid and secure.

The cloud is changing – and LTE networks are facilitating that change. Companies will have to keep up with the play to take advantage of these changes earlier, rather than later.

Appendix

The business benefits of 4G LTE*

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