High-speed networks and the rolling out of 4G connectivity are among the most important factors for businesses succeeding, a new survey by Virgin Media Business has claimed.
The research found that while financing (36%) was the most important issue for business customers in 2012, improved access to super-fast connectivity (31%) was a key priority for their businesses.
Businesses said a strong communications network was 10 times more important than basic utilities such as electricity and water. Just over half of the 5,000 companies polled said they were concerned about the year end, 1% more than in 2011. However, media companies (49%) were the most optimistic, followed by financial services (47%).
Virgin Media Business MD Mark Heraghty said: 'Technology is a clear enabler to innovation, and one that is clearly becoming more important to UK businesses. While overall the economy remains cautious, it’s those companies who are exploiting technology that are the most confident. There is scope for increased use of IT in all areas of the economy to drive innovative thinking, greater efficiencies and a stronger balance sheet. If the signs from the most tech-savvy sectors are anything to go by, it bodes well for the future.'