There was a time when the most prosperous hubs of economical advancement were coastal locations, with a river or natural harbour, to allow transportation, trade and distribution of materials and goods.
Communications, made by messenger were slow and unreliable. Most businesses operated in a single location and a tiny proportion of the world’s population ever travelled beyond their own or the neighbouring community. The world was enormous and inaccessible.
Thanks to advancements of the transport industry, we are able to travel far and relatively cheaply, the world opened for global trade, importing and exporting, and multiple branches of a single business around the world.
In parallel to the transportation advancements, communication advances were made. Courtesy of Alexander Graham Bell we have the telephone and its descendents; the mobile phone, facsimile, e-mail and the World Wide Web information highway. Not only can we communicate, but we can communicate instantly, in real time as if are standing side by side.
Meetings around the world can be held face to face without any need for travel, using video-conferencing, data can be transferred instantly from an ATM, to adjust your account details immediately, massive files can be uploaded and sent to an agency on the other side of the globe in an instant and we can stream and listen to our favourite radio station live from 3000 miles away.
Such advances created an enormous opportunity for countries who previously could never have conceived of being a top financial centre. Countries like Cayman Islands who relied on tourism and fishing to support the economy, were now accessible. A few people with a big vision began to invest in the infrastructure and creating an exciting business proposition and the businesses came. Cayman Islands, this tiny jewel in the Caribbean Sea is now one of the top financial centres of the world.
As the rate of development of new business applications and products surges ahead, the demand for faster speeds and greater bandwidth is increasing and has become critical for corporations with multiple locations worldwide. The business world is moving from copper network to fiber which can transfer data at the speed of light and is much less vulnerable to tapping and security breaches. Fibre is not affected by interference like copper, nor does it have the same natural imperfections which can cause faults to data and voice transferral. Besides the initial outlay costs of creating the fibre network, it really is superior in every way.
In order for Grand Cayman to continue to remain competitive as an attractive investment and financial centre, it needed to offer a fibre network. In 2009, TeleCayman, a local company that focuses on the businesses sector, stepped up to the plate and designed and implemented a fibre optic network , which connects business buildings in George Town and reaches to Camana Bay and West Bay Road. With speeds of up to 1,000 megabits per second, the Cayman Islands can now boast a state-of-the art communications network which will match or exceed the expectations of investing businesses, ensuring that Cayman Islands remains on top of the game in terms of offering an attractive investment opportunity to global businesses.
TeleCayman is proud of their contribution to Cayman’s economy. Chris Haydon states, “Our goal is to incorporate the best resources and latest innovations into our business operations for the benefit of our customers. We are definitely on the right course.”
TeleCayman is the Cayman Islands’ leading provider of fibre optic networks, data and voice solutions, co-location and hosting and disaster recovery solutions. Its fibre optic network in Grand Cayman reaches from George Town to Camana Bay and Grand Pavilion, allowing businesses to operate a world-class network which meets the standards and requirements of international businesses.
For more information
A: Cayman Corporate Centre, 27 Hospital Road, 4th Floor, George Town