003.020.2014 UWEX High Speed Bits New Broadband Economic Data
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Transcript of 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
U.S. Technology Adoption Rates (10% Penetration)
Broadband & E-Commerce Education Center | broadband.uwex.edu
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
Wisconsin Broadband Dashboard (WIPSC)
Broadband & E-Commerce Education Center | broadband.uwex.edu
http://wisconsindashboard.org/
What is the Return for $1 Billion+ Investment?
Broadband & E-Commerce Education Center | broadband.uwex.edu
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
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
“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
What is it worth to consumers?
Source: http://www.bcg.com/documents/file100409.pdf
Broadband & E-Commerce Education Center | broadband.uwex.edu
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
Next Generation Networks
http://broadband.uwex.edu/blog/2014/01/much-gig-cost/
Broadband & E-Commerce Education Center | broadband.uwex.edu
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