
According to the daily news in 31 Dec 2000, it says that web conferencing leads way. It is emerging as a strong substitute for business travel.
From last year until now, the market is deeply hit by the economic crisis. Graduates find it hard to find jobs. While companies are trying to cut cost and manpower, the company that benefited from these will be those in the Audio Visual Conferencing industries.
Evident is there where less people travels overseas for business trip. This is due to the fact that companies are cutting expenses on travelling. However, companies still need to carry out meetings with clients or partners or headquarters. This is where I feel that this industry will grow steadily during this crisis period. Companies will resolve these issues by using conferencing instead of travelling overseas.
Different kinds of conferencing such as audio conferencing, web conferencing and video conferencing serve as a different form of communications among companies. It can involve more people to have meeting together and save on the costs to sent people abroad.
I feel that it is quite an impressive invention. Although there may be some disadvantages such as security issue, but the chance to involve more people in the meeting creates cohesion among the company. With this technology, even junior staffs in the company are able to see their big boss in the overseas headquarter. This will creates a sense of security among those junior staffs.
Video conferencing is emerging to be one of the latest acquire among companies due to the fact that image and audio can be transmitted at the same time. It also allows user to connect up to four parties at one time and presentation to be show to the other parties while still in communication mode.
Polycom, Sony and Tandberg are some of the examples of video conferencing companies.
References:
Travel Weekly, Web Conferencing Leads The Way, viewed 18th March 2009, <http://www.travelweeklyweb.com/article-9676-webconferencingleadsway-TravelWeekly.html>
Image Source:
http://www.free-phone-service.com/News.htm