Video conferencing could spell the decline of business travel

Video conferencing could spell the decline of business travel

There can almost be no doubting the fact that video conferencing is a technology that is very much here to stay when it comes to the world of business.

It seems an increasing number of organisations, and employees themselves, are beginning to see the benefits of such technology, leading to ever-increasing rates of adoption. 

And according to Forbes, the video conferencing trend is not going anywhere any time soon, with the necessary hardware becoming cheaper and more widely available. This is particularly encouraging for small or medium-sized business (SMBs), which often lack the same level of financial muscle as the larger firms.

It means that SMBs can potentially have access to a technology capable of unlocking a wealth of money-saving opportunities.

One such area is that of business travel, which until now has been seen as something of a necessity for many firms, despite the fact that it can also be very costly.

There are also concerns relating to efficiency, with a recent Harman International report estimating that the average length of trips for face-to-face business meetings comes in at 1.3 days.

For SMBs this can prove very costly, so the need for an alternative is therefore obvious, and video conferencing can provide the perfect solution.

No more do employees need to spend time and money undergoing costly trips to meet clients face-to-face, as they can soon enjoy full interaction without ever having to leave the office.

It means that the level of concern that SMBs place on their bottom line becomes less of a priority. By saving money on travel costs, without having to worry about compromise on the processing of information, a company's profit margin is given the best possible chance in which to grow.