Gigabit Internet capacity to the home will open opportunities that don't exist today. Just like when we went from dial-up Internet to Broadband, users will find a way to consume the bandwidth. This will foster entrepreneurship as it brings to the forefront companies that can use the capacity. Startup business models which don't work today can happen when bandwidth is not a limiter. Existing companies can also expand their product lines and take advantage of the increased capabilities.
Consider for example replication of data being performed in real-time, syncing continuously instead of in a Cron job. Large data files can easily be downloaded, manipulated, and uploaded again, bringing Big Data jobs to telecommuters and the work-from-home market. Businesses will be encouraged to move to cities with the gigabit Internet infrastructure which allows the business model to succeed. Talented people, particularly those in tech, will flock to cities that have gigabit infrastructure.
Universities will benefit as students will have gigabit connection to their homes, allowing much greater use of online education. Similar to healthcare, the education sector can utilize gigabit connections for transmission of very large files, videos, and images, with a smooth and buffer-less experience. Online research with access to massive amounts of data will become easier and faster.
* Note: In order to achieve gigabit internet speeds you need to have a computer, modem, and AC wi-fi router that support the speed. We recently purchased a gigabit wif-fi router for less than $100 (TP-LINK Archer C7 AC1750 Wireless Dual Band Gigabit Router) and have been pleased with the results.
We don't know all the potential uses of an infrastructure with gigabit Internet speed, but we do know it will enable new businesses and capabilities that cannot be done today. Gigabit infrastructure will attract talent to Charlotte and pave the way for economic growth for the city for years to come.