The missing piece killing profits at 28% of companies

There’s one common technology that many businesses still aren’t using — and it could be hurting their bottom line:

Broadband Internet.

To IT folks in many companies, going without hi-speed web access is unimaginable. However, a recent study from non-profit group Connected Nation estimates that 2.1 million U.S. companies — or 28% of them — still don’t use broadband today.

And those firms may be missing out on a significant profit boost. Businesses with high-speed Internet connections report having median annual revenues $200,000 more than businesses without broadband, according to the study.

The research looked at a sample of 9, 650 businesses. The lack of broadband was particularly pronounced in the healthcare sector, where only 63% of practices are using broadband.

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