Fast Internet

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We’ve all read the stories about the National Broadband Network (NBN), but what does it mean for each of us?

Firstly, an overview of what it’s all about.

NBN Co, a government-owned enterprise similar to Australia Post, is in charge of building Australia’s first high-speed national broadband network for all Australians, with the aim of reaching every household, business, and other premise you can think of across the country via optical fibre (the majority), or fixed wireless or satellite for the more remote locations and communities.

What will fast internet mean for Australians?

At the moment, our country has slow internet, relying on ‘an ageing copper telecommmunications network… Our broadband performance lags behind many other countries.’

Essentially, we are behind much of the world when it comes to technological performance. This matters, because we use the internet for everything from learning, to conducting business, to health and community services and more.

According to NBN.gov.au, “Technology is advancing faster than at any other time and it’s playing a bigger part in our daily lives… All these advances require more data… Australian internet data downloads grew by more than 50 per cent in the last year. Globally, internet data traffic is expected to grow fourfold from 2011-2016.”

To be on par with technology advances in other developed countries across the world, we need fast internet.

Let’s take a look at what’s happening in, say, the US. According to Bloomberg.com, the US is no. 14 in the world when it comes to high-speed internet, largely because of its large land mass and inability due to this to connect high-speed optic fibre across it. Smaller developed countries such as Singapore and Switzerland make the top 10 list.

Mark Zuckerberg, founder of Facebook

Mark Zuckerberg, founder of Facebook

However, many of the biggest Internet entrepreneurs are coming out of the US.

Check out the list below. Pinterest was founded in the US in 2010 by Ben Silbermann, Paul Sciarra and Evan Sharp. Many of us have seen the film The Social Network - the story of how Facebook founder Mark Zuckerberg and his college mates created the social networking site, which was listed in 2012 as having $5.1 billion in revenue.

Keen to have fast internet in our country, anyone?

Internet success stories

When will the NBN roll out?

To find out when the NBN will roll out in your area, visit the following link at NBNCo.com.au and enter your address. Construction hasn’t started in my area, but according to the website, by the end of the year it will have commenced on over 750,000 premises.

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