Good news for tech companies: the South Australian government has pledged AUD$4.65 million to connect the capital city’s technological workspaces with up to ultra fast internet service this year.
Speeds of up to 10 gigabits per second will be achievable if businesses invested in additional end-user technology.
The project supports the Adelaide City Council plan to become one of the world’s first Smart Cities, aiming to draw in investment, and boost the local innovation economy.
Lord Mayor Martin Haese said building a stronger internet service would be a key step towards Adelaide realising its smart city ambition, and continuing Australia's long tradition of technological advancement.
“Data is the currency of the 21st century. If we were to have a city, which had quantifiably faster data speed than the rest of the nation, without at this moment pre-empting what the technological solution would be, what would that do to attracting business to Adelaide,” he said.
“It would attract entrepreneurs and start-ups to Adelaide. It would attract large corporates to Adelaide," he said.
The rollout will use an existing SABRENet optical fibre network to connect specific technology parks, such as Tonsley, and the state’s bioscience precinct.
The network will also be connected in co-working spaces in the CBD of Adelaide, such as the St. Paul’s Creative Centre and Hub Adelaide.
Rob Fitzpatrick, the CEO of the Australian Information Industry Association (AIIA), said being a Gig City will offer businesses internet speeds of up to 100-times the Australian national average.
“It’s not just the big end of town or research institutions that will benefit. Small businesses and start-ups drive a significant part of our economy and going digital provides them an opportunity to create new business models, improve efficiency, and get closer to the customer.
“Australia is currently lagging the rest of the world in delivery of true high-speed broadband. By establishing Adelaide as part of the Gig City network, the South Australian government has put a clear stake in the ground that they are serious about catching up and attracting investment, driving innovation, and generating real economic and social benefits for the state."
The movement to 10Gb/s speeds in Chattanooga in the United States helped the city transform its struggling economy, by luring high-tech start-ups to the city.
Story sourced from The Lead South Australia