Silicon Valley Bank, Credit Suisse, and Broadband Diversity; What’s The Connection?

The recent failure of Silicon Valley Bank and troubles at Credit Suisse reminded us of the important investment adage; diversify, diversify, diversify.  Brokers and investment advisors alike encourage us to diversify our portfolios to hedge against market volatility, regional performance variations, and macroeconomic changes that might affect particular vertical industries or governments’ financial vehicles.

Regardless of how safe particular investment options might appear from afar (in the case of SVB, it was government bonds), it’s always a good idea to consider multiple investment options and not to put all your eggs in one basket (especially when interest rates are rising!)

Well, the same is true for your network connectivity.  Trusting your business, and client lifeline, to one single source of broadband connectivity, is a precarious endeavor.   The slightest connectivity interruption might disrupt any number of mission-critical applications vital to your business.  For a retailer, this might be their POS system and subsequent transactions leading to the loss of valuable revenue and, maybe more importantly, customer confidence.  To a brokerage house or insurance agent, the loss of connectivity might mean the immediate loss of revenue or loss of customer interaction.   To a bank or ATM owner, the loss of connectivity means customers could lose access to funds and confidence in the institution.  And the loss of connectivity to surveillance cameras or alarm systems might play havoc with the security of a business, school, or residential dwelling leading to harm or peril to those depending on the service for their wellbeing.

Direct financial loss from interrupted connectivity can also be staggering and is often underestimated.  Using a risk-analysis calculator is a good idea to determine how susceptible your business is to direct financial loss and business continuity.

In the modern era of cloud-powered businesses, seamless network connectivity is crucial for operational efficiency. To ensure uninterrupted access, it is vital to have automated failover systems and backup infrastructure in place. Enhancing the variety of network elements and connections minimizes the risk of a single-point failure. Incorporating wireless connections at branch locations offers a versatile and economical approach to optimizing uptime, boosting application performance, and maintaining business continuity.

One can easily elevate an organization's failover strategy by incorporating fully managed routers from different sources or providers, incorporating diverse WAN connections to ensure greater resilience and continuity.

By embracing the power of modern cellular LTE and 5G wireless data links an organization can bolster its network's backup capabilities and diminish single points of failure. And by tailoring your high-bandwidth wireless connections to accommodate the demands of mission-critical traffic or the entire branch network load, your requirements and financial resources will be maximized and protected.  So there is no better time than now to start your path to connectivity diversification and begin leveraging 4G LTE and 5G connections to augment traditional broadband landlines, further enabling alternative access to the branch’s critical applications, and empowering remote management and troubleshooting of essential equipment when needed.