Information 100 times faster
Following on from my post last month about the impact of internet speed on construction project productivity, I was pleased to hear last week's announcement that Australia's federal Government will lead the build of a national, fibre-to-the-home broadband network. At an estimated cost of up to AU$43 billion (making it Australia's largest ever infrastructure project), the new service will deliver speeds up to 100 times faster than currently available.
On a national level, it's estimated that, when fully operational in 7-8 years, the new service is likely to increase Australia's gross domestic product by 1.4 per cent over a 5-6 year period, adding about AU$15 billion to the economy.
Naturally, my main interest is in the impact it will have on construction collaboration technology and project delivery. The new service will mean that users of online document management and collaboration tools in Australia will potentially be able to access, download and share their files up to 100 faster, leading to significant efficiency and productivity gains. This is an exciting prospect and should help to further drive uptake of these systems.
Labels: Global trends, Technology
