| NOTAS: | "According to the report, European businesses could be missing out on billions of pounds as 74% experienced at least 2 hours of downtime every week. With Statista stating that an hour of downtime for a global business can cost £290,000, this constitutes a huge cost to European economies. On top of this, connectivity problems have resulted in greater operating costs for 47% of businesses, and 33% report losing potential business as a result of connectivity issues. According to the survey, poor connectivity has also led a fifth (21%) of European firms to lose talent due to the impacts of poor connectivity. Increasing the challenge for firms as they face an already tight labour market. It also found that businesses overwhelmingly agree that improved connectivity would increase their resilience to future shocks, with 90.5% agreeing that it would help them manage potential economic, societal, and political challenges. However, this realisation does not appear to have reached governments, with 46% of businesses stating their governments are not investing enough in connectivity projects." |
