003.020.2014 UWEX High Speed Bits New Broadband Economic Data

12
High Speed Bits: March 20, 2014 New economic impact data for broadband Broadband & E-Commerce Education Center | broadband.uwex.edu

description

March 2014. New data on the impact of broadband internet on economic development, UW Extension Broadband & E-Commerce Education Center

Transcript of 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

Page 1: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

High Speed Bits: March 20, 2014

New economic impact data for broadband

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 2: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

U.S. Technology Adoption Rates (10% Penetration)

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 3: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

Broadband Economic Impact

http://www.itu.int/ITU-D/treg/broadband/ITU-BB-Reports_Impact-of-Broadband-on-the-Economy.pdf

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 4: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

Wisconsin Broadband Dashboard (WIPSC)

Broadband & E-Commerce Education Center | broadband.uwex.edu

http://wisconsindashboard.org/

Page 5: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

What is the Return for $1 Billion+ Investment?

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 6: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

Estimated Annual Cost of Digital Exclusion

(-) $55 Billion U.S. (-) $1 Billion Wisconsin

http://www.econsult.com/articles/030810_costofexclusion.pdf

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 7: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

A little fuzzy math

Broadband & E-Commerce Education Center | broadband.uwex.edu

$55.2 billion/316,128,839 = $175 per citizen

$175 x 5,742,713 (WI Pop)= > $1 billion

Page 8: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

“If it were a national economy, the Internet economy would rank in the world’s top five, behind only the U.S. China, Japan, and India and ahead of Germany”

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 9: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

What is it worth to consumers?

Source: http://www.bcg.com/documents/file100409.pdf

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 10: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

IDEC Survey 2012

Fewer than 10% believe 4 Mbps is sufficient for advancing their local economies.

Broadband & E-Commerce Education Center | broadband.uwex.edu

Economic DevelopmentMarketing & Attraction

Page 11: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

Next Generation Networks

http://broadband.uwex.edu/blog/2014/01/much-gig-cost/

Broadband & E-Commerce Education Center | broadband.uwex.edu

Page 12: 003.020.2014 UWEX High Speed Bits New Broadband Economic Data

High Speed Bits 3.20.14

Broadband & E-Commerce Education CenterBroadband.uwex.edu | Twitter @WI_Broadband

Presenter: Andy Lewis Broadband and Economic Development Specialist [email protected]

Broadband & E-Commerce Education Center | broadband.uwex.edu