The global economic crisis has forced a large number of companies to cut back on costs wherever and whenever they can. For many, this has meant downsizing, laying off valuable employees and making due with older computer and software systems rather than upgrading to expensive new models. But there is one thing a company can do to reduce costs that's easy and effective: switch to telepresence.
According to the Philadelphia Inquirer, some businesses have been hesitant to cut back on their travel since face-to-face sales are often the most effective way of attracting new clients to a company. But now businesses don't have to spend thousands of dollars jetting employees around the country to meet with partners, customers and subsidiaries. Video conferencing allows companies to hold face-to-face meetings - even if they're hundreds of miles apart.
Many corporations are choosing to install telepresence suites in their offices: high-tech meeting rooms with enormous televisions and high-quality video cameras that allow for two-way streaming of video and audio. Building a telepresence suite can cost in the neighborhood of $300,000, according to the paper, but they quickly pay for themselves.
Figures from the Carbon Disclosure Project indicate that switching from air, train and vehicle travel to video conferencing could save corporations more than $19 billion in just 10 years.