The business case for video conferencing


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One of the most compelling cases for video conferencing technology has to be the reduction in travel costs.

Many businesses increasingly view travel as a drain on time and budgets. You can understand why when most business travellers admit that only half of the time spent on a business trip can be classed as productive working time. Not only could you reduce your business travel bills by up to 30%, but you could also improve employee productivity by cutting back on idle hours.

 

Allied to the reduction in travel time and costs is the environmental argument. Video conferencing uses little energy – no petrol, diesel or aviation fuel, only a few units of electricity. The technology can help the business reduce their carbon footprint and environmental impact. To demonstrate the point, a UK environment minister gave a keynote speech at the Climate Change Conference in Sydney via video conferencing. This saved 60 hours of travel time and 6.2 tons of CO2 emissions.

 

Your business could benefit in other ways too. Video conferencing gives you the flexibility to hold ad-hoc meetings; you don’t have to plan weeks in advance. This flexibility could speed up decision-making and response times, which will also benefit your customers.

 

 

Why invest in video conferencing now?

In the past, video conferencing has had a bad reputation. It’s been seen as expensive, complex to implement and delivering low quality, jerky images. However, these arguments are losing ground as the technology rapidly evolves and affordable fast connections make high definition video conferencing a reality.

 

Traditionally, you would have needed an ISDN network for video conferencing, but today’s IP-based networks are fuelling an interest in converged voice, video and data communications. IP lends itself to cost-effective voice and video conferencing and has the added benefit of allowing users to collaborate on documents simultaneously. Cisco estimates that global IP traffic will increase fivefold over the next four years. The company also estimates that all forms of video traffic will make up 90% of global consumer IP traffic by 2013.

 

Video conferencing shopping list

There is a video conferencing system for every budget, ranging from personal desktop systems using low cost webcams, through to specialist video conferencing equipment designed for use in meeting rooms and other shared environments. However, the essential components of any video conferencing solution are camera, microphone, monitor, speaker and codec.

 

For most organisations, high definition video conferencing is the most readily available option and offers good quality on a limited budget (usually between £1,500 and £5,000).

 

Your next consideration should be the number of point to point video-enabling terminals or ‘endpoints’ needed. If you specify too few endpoints users could get frustrated that they do not have access to the technology. You need to balance the cost of the video conferencing equipment and services against convenient access to the network of endpoints.

 

Video infrastructure – a high definition video conferencing service may require an investment in additional network infrastructure, such as a dedicated line or circuit for each endpoint. Each session will demand connectivity of around 1Mbps for clear video and audio. Deploying high definition video on the enterprise network can cause problems; the network may not be able to handle real-time video, while video activity may compromise other enterprise tasks. The right media-ready network is vital to the delivery of business video applications.

 

Extra peripherals – you might also want to invest in additional peripheral devices to enhance the video conferencing experience; this could include high definition and wide-angle cameras, upgraded speakers and microphones. You may also want to connect your systems to DVDs, VCRs and document and multimedia applications via a PC.

 

Test the water with web conferencing

If there’s some resistance to investing in video conferencing solutions, one way of proving the benefit to the business may be to experiment with lower cost web conferencing solutions. These could not only demonstrate cost savings but also lead the way to more sophisticated technology.

 

Web conferencing allows your staff to share what’s on their desktop with people in other locations. Typically, this happens in conjunction with a phone call or audio conferencing session. Additional features include the ability to share documents and to work collaboratively on projects.

 

Why telepresence could be the next step for video conferencing

John Chambers, Cisco chief executive, has compared telepresence  to “Star Trek teleporting”. Telepresence offers ultra high resolution, which makes video conferencing an even more immersive experience. Spatial audio allows the transmission of every nuance of a conversation, while huge screens and high quality cameras capture every detail of an expression.

 

Fabulous as this sounds, telepresence remains an expensive technology to implement at present. It requires a high-bandwidth connection and a specifically designed room at each location.

Watch the video related

Complete video at: fora.tv Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, explains his “social business” model, a plan for addressing social issues through entrepreneurship. This program was recorded in joint collaboration with the Commonwealth Club of California and Link TV. —- Muhammad Yunus, Nobel Peace Prize winner and founder of The Grameen Bank, speaks about his new book Creating a World Without Poverty. Muhammad Yunus is founder and managing director of …

Help answer the question


How does a business collect from a customer that has filed bankruptcy?
Have a small business and have a customer that has run up a debt and their company is now filing bankruptcy. How does a business go about collecting from the business. We are a small business also there has to be laws to help protect us also. Need some advice on how to legally go about being paid as a creditor. Also if a business says they are filing bankruptcy is it public record and what sites show this record.

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  1. #1 by Wordpress on February 23rd, 2010

    Eminem’s music is tough and for once he finally backed it up. He beat the SHIT out of out of some dude in LA yesterday night , TMZ posted the video at tmzfights. com

  2. #2 by WPMixer on February 23rd, 2010

    damn bro…go hard nigga

  3. #3 by Ken on February 23rd, 2010

    You need to keep accurate records when running a business. This will be your best defense if you ever get audited.

    For IRS purposes, you need to make a profit every 3 out of 5 years to have the IRS prove that you are not running a business. Otherwise, it is up to you to prove that you are running a business and not doing a hobby. You can prove that you are running a business by keeping your business accounts and personal accounts separate.

    You can write off any legitimate business expense including dinners with clients, car expenses, equipment, etc.

    Having a separate checking account and credit card is a good idea. However, it isn't necessary. You can comingle your business and personal expenses using your personal accounts. But, if you do this, then it will be harder for you to prove that you are running a business.

    For your revenues, you don't need a corporate account to make you deposits. You just need to make the deposits in your separate account that you use for business.

    You can read Publication 334 for more information.

  4. #4 by Chev on February 23rd, 2010

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  5. #5 by Anonymous on February 24th, 2010

    get @ me with a message if you want the download link to Eminems full RELAPSE album

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  6. #6 by Blogger on February 24th, 2010

    R.I.P. Proof

  7. #7 by The Invisible Woman on February 24th, 2010

    The requirements vary according to your state. Call the business license office for your county and just ask them if you need a business license to operate an internet store. I live in Georgia, and in my county, you do.

  8. #8 by SarahR on February 24th, 2010

    Hiiiiiii..
    I think you have to choose the Marketing section in Human Resource Management(HRM) because in marketing you get the nice job in the good reputed company on a high post..

  9. #9 by Gina G on February 25th, 2010

    Are you asking the same question or was my answer deleted? YOU CANT COLLECT ONCE BANKRUPTCY IS FILED.

  10. #10 by Anonymous on February 25th, 2010

    imagine being able to tell peeps the em kicked ur ass haha

  11. #11 by Austinite on February 25th, 2010

    You can't post a Proposal for Sale of Business here. It is a comprehensive document similar to a business plan with dozens to hundreds of pages. Contact a broker like VR Business Brokers and see if you can get help. Yours is a unique business driven by personal contacts and is not easily sold.

  12. #12 by cooolioooo on February 26th, 2010

    business school is the right field to study, if you choose your college carefully, some have an entrepreneurship track/program

  13. #13 by Anonymous on February 26th, 2010

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  15. #15 by Wayne R. on February 26th, 2010

    Yes, the courses you speak of will help you to become a Business Analyst.

    A BA can be on the client side or the IT side. If on the client side, they are interfacing with work group domains that process the work and review what they need. They generate requirements and then work with the IT side to update or generate processes and applications to fullfil the business needs.

    If you're a BA on the IT side of the house, then you're taking all the requirements and developing processes and application solutions. Your job is to work with the client to generate a business solutions document (there are many names for it) and get signoff. Then, you need to make sure that solution becomes reality by working with systems analysts, programmers, and testers. You're generally responsible for the delivery of the solution. Although, if the solution revolves around process changes with other work group domains, you normally work with a PM (Project Manager). Never the less, you have end to end responsibilities for the IT delivery to insure the client gets what they need (and paying for).

    With the offshoring of work to cheap labor, to remain associated with software development, the BA role is a good profession.

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  17. #17 by Mikelo on February 27th, 2010

    How about a book store, if you are looking retail?

    I cant say if it would work in your town, you need to do marketing research to see what would succeed in your town.
    Also in business .. Location, Location, Location is VERY important to success .. not only do you need the right business, you need the right location ..

    Passion, YES .. you do have to work long hours but passion because you believe in what you are doing.
    I work from home and have the utmost compassion and belief for what I do, I believe that is what brings me success ..

    If you don't like books, don't like to read .. then a book store probably wont make sense. Did deep .. Only you know what you really want to do.

    GL!

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