Ex-MBA 2011-2014
Semester -1
Subject: Technology in Business
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VIDEO CONFERENCING

– A BOON TO COMPANIES TO REDUCE COSTS, TIME AND SAVE OUR ENVIRONMENT

Completed By,
Shantesh Varik
Roll No: 2011G14

INTRODUCTION – Aim and Objective Videoconferencing is a virtual conference like setup using a number of telecommunication technologies which allow two or more locations to interact via two-way video and audio transmissions simultaneously. Videoconferencing is slightly different from videophone calls as it is designed to serve a conference rather than individuals.
In a tight economy, with companies spending much less on IT, the tech giants will take growth wherever they can find it. The Wall Street Journal reported recently that Cisco and HP are in a pitched battle for customers for their high-end teleconferencing systems. According to the report, it's "one of the few technologies that has benefited from the downturn, growing 30% from last year as businesses look to reduce travel expenses."
Cisco, HP, Nortel, and telepresence-focused players like Teleris have developed impressive, beautiful systems that make you feel like you're in the same room with your colleagues. The catch is that not only will you save money, but you'll also reduce your environmental footprint through reduced travel. These companies are cashing in on the business world's pressing need to cut costs, while also appealing to the desire to get green.
In a trend that could transform the way companies do business, Cisco Systems has slashed its annual travel budget by two-thirds -- from $750 million to $240 million -- by using similar conferencing technology to replace air travel and hotel bills for its vast workforce. Likewise, Hewlett-Packard says it sliced 30 percent of its travel expenses from 2007 to 2008 -- and expects even better