nbn network connected SMBs set to boost Australia’s economy

nbn network connected SMBs set to boost Australia’s economy

Australian GDP expects to see additional $4b each year following network completion

KPMG demographer, Bernard Salt

KPMG demographer, Bernard Salt

Small and medium businesses are set to contribute an additional $4 billion to the Australian GDP each year following completion of the nbn network rollout.

The recent Economic Benefit of the National Broadband Network report showed that Australian business owners can reap strong benefits from a new wave of digital services such as Cloud and e-commerce, that could transform interactions with customers and suppliers by lowering costs, increasing productivity and improving customer service.

According to nbn executive general manager of business, Ben Salmon, the nbn network provides the platform for a range of advanced services that are changing the way Australians do business.

“For regional Australian businesses, it has the benefit of providing greater flexibility and access to global markets. We are already seeing the rise of new ‘Silicon Suburbs’ around the country as universal access to fast broadband drives entrepreneurialism and innovation outside metro cities.”

KPMG demographer, Bernard Salt, said, “Australian businesses are adaptable and resilient – we readily embrace new ideas, new technologies and new ways of working. Access to the nbn network will open up opportunities for small business owners in our growing digital services driven economy.

“Whether you’re an online craft business able to source and sell products more efficiently or a tradie now able to process payments on-the-go, e-commerce will allow Australian businesses to access new markets, no matter where they operate.”

Currently, there are close to two million homes and businesses around Australia that can already connect to the nbn network, with every Australian set to have access by 2020.

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Tags AustraliaNBNBernard SaltSilicon SuburbsBen SalmonEconomic Benefit of the National Broadband Network


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