Speed and bandwidth are interdependent. The combination of latency and bandwidth gives users the perception of how quickly a webpage loads or a file is transferred. It doesn't help that broadband providers keep saying "get high speed access" when they probably should be saying "get high capacity access". Notice the term "Broadband" - it refers to how wide the pipe is, not how fast.
Latency is delay.
For our purposes, it is the amount of time it takes a packet to travel from source to destination. Together, latency and bandwidth define the speed and capacity of a network.
Latency is normally expressed in milliseconds. One of the most common methods to measure latency is the utility ping. A small packet of data, typically 32 bytes, is sent to a host and the RTT (round-trip time, time it takes for the packet to leave the source host, travel to the destination host and return back to the source host) is measured.
The following are typical latencies as reported by others of popular circuits type to the first hop. Please remember however that latency on the Internet is also affected by routing that an ISP may perform (ie, if your data packet has to travel further, latencies increase).
Bandwidth is normally expressed in bits per second. It's the amount of data that can be transferred during a second.
Solving bandwidth is easier than solving latency. To solve bandwidth, more pipes are added. For example, in early analog modems it was possible to increase bandwidth by bonding two or more modems. In fact, ISDN achieves 128K of bandwidth by bonding two 64K channels using a datalink protocol called multilink-ppp.
Bandwidth and latency are connected. If the bandwidth is saturated then congestion occurs and latency is increased. However, if the bandwidth of a circuit is not at peak, the latency will not decrease. Bandwidth can always be increased but latency cannot be decreased. Latency is the function of the electrical characteristics of the circuit.
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