businesses to embrace a more “mobile” lifestyle, of which videoconferencing is a big part.
Video Conference Usage
The number of business using videoconferencing technologies increased starting 2001, as reported by leading teleconferencing service providers Deutsche Telekom, Worldcom, and BT. Their studies show that conglomerates and multinationals are replacing in-person meetings either audio, web or video conferencing. The trend is good news to providers, big and small. They have since seen phenomenal growth year after year.
The Move to Videoconferencing
Even businesses that only used videoconferencing as temporary solutions before are now moving to more regular subscriptions. More and more employees and executives express their preference for conferencing technology to cut down on travel costs and time. If an executive had to travel every month from Denver to New York for a meeting, for example, about 134 man-hours are wasted. Let that same executive do videoconferencing instead and the company saves about not only time, but also about $9,600 – the cost of travel and accommodations.
Businesses are quickly realizing that because of the cost- effectiveness of videoconferencing, travel is not anymore the first nor the only choice. The technology is now associated to the “work smart” standard.