My current obsession with videoconferencing results from exposure to two factors:

  1. In total I’ve spent literally more than a week sat around at Changi airport; on the way to and from PRC for work missions: Not getting any real work done, not making money: Because the cheapest flights were the ones’ that stopped over at Changi. It wasn’t my choice, but then it wasn’t my money either so I can’t complain. The point behind this observation is that face-to-face meetings were deemed important enough to regularly jump on ‘planes and head over to PRC. But as part of that process, time and money were wasted.
  2. A person I know well works as a national level manager for one of the big NFPs. They inform me that each year their company spends more than $350,000.00 on travel expenses; for staff training alone!

Videoconferencing saves money:

Being a Product Developer / Marketeer, upon hearing this figure I immediately saw ‘the angle’ by comparing $350,000.00 p/a against the cost of the only alternative: videoconferencing. Why do I say ‘the only alternative’? Being a human, I am aware the only really efficient way to communicate is face-to-face (to read the science behind this statement click the link). Therefore, if one can’t commute to a meeting, videoconferencing presents the best alternative because you can see what is happening during the interaction: You can ‘read the signs’ as it were. Just as if you are in the room with the other party.

Here at 5thCorner we’ve performed a few case studies and we’re 100% certain that videoconferencing saves money when compared to travel expenses. Plus it increases corporate agility by making meetings easier and quicker to convene. This link takes you to a case study we drew up based on the above-mentioned conversation.

Videoconferencing reduces CO2 emissions. Thus improving CSR statements.

Whether your company is active in promoting your Corporate Social Responsibility (CSR) activities because you feel corporately responsible, or because it looks good for the shareholders, or because you can’t avoid the legislation, videoconferencing implementation in the organisation produces significantly less CO2 than staff travel. Therefore videoconferencing improves your CSR statements. That’s a good thing.

The nett benefit of installing videoconferencing systems in your organisation is this: by implementing videoconferencing as an alternative to trucking staff around to meetings, your company will save money and look good in the process. I’ve had a sniff about and I’ve been to business school, and I cannot find a business model that regards these as bad things.

Here are some links to further highlight the points made above.

Click this link to see how B.T. have saved a ton of money by moving across to videoconferencing.

A 2010 Study outlining quick ROI and monster CO2 emissions cuts resulting from adopting videoconferencing solutions instead of staff travel.

Click here for the report on how US law enforcement agencies are saving money via implementing videoconferencing to replace face-to-face travel

Click here to see the 2013 report by the Ohio State Government

This technology has been around for a while now, so two things are happening:

  1. The technology is now robust enough to assure peace of mind against unforeseen outages.
  2. The technology is now established enough for prices to have dropped substantially.

Basically the time is right. The innovators and the early adopters have proven the technology is ready, whilst concurrent advances in Cloud storage, IaaS, and SaaS provide the perfect scenario for the ‘early majority’ to get on board and take advantage of this great technology now.

If you have any questions about any of this, please don’t hesitate to contact us. We have a new dedicated division specialising in this field with over 20 years experience.