As technology keeps on progressing, industries are constantly adapting to a dynamic world. With the development of business at a faster rate, it is increasingly significant to execute improvements on projects. The fundamental key of effective project management lies in excellent communication specifically in conveying goals, updates and other information to the people/stakeholders involved.
A recent report from Transparency Market Research indicates that the Video Conferencing Market valued at US$ 3.31 Bn in 2013 is Expected to Reach US$ 6.40 Bn by 2020 Globally. The growth doesn’t come as a surprise to anyone involved in the industry, but the numbers are impressive nevertheless.
Driven by the savings in business travel and increased productivity through greater collaboration and utilizing remote workers, companies are reaping the benefits of Video Conferencing and deploying on-premise solutions on a large scale, offering both managed and self service model to its clients.
The Video conference self-services have been particularly interesting as they lower operational costs but also tend to increase utilization as the technology becomes more easier to use. At the core of a self-service solution lies a so called “Virtual Meeting Room”.
What is a Virtual Meeting Room?
A Virtual Meeting Room (VMR) is an online collaboration place where people can communicate over video. Participants usually join by dialling a specific number or an address with a simple name like John-VMR@company.com. Once created the Virtual Meeting Room is permanent and can receive calls at anytime, although the host usually controls access to the VMR with a host PIN.
In a world where people are becoming more and more busy in their daily lives, conferences and business meetings can become a slight issue. Attending a conference can cause an issue for certain business workers because they are already busy on vacation, need to take time out of their work or even on the other side of the world. With continuously evolving of technology and continuously growing the demand for productivity, video conferencing is becoming more and more used in the business world. Below are the several benefits of utilizing video conference technology in the business world.
When you work in a company and you are part of a team, one of the most important things is collaboration. Without actually collaborating with team members you simply can’t create the best product on the market. Collaboration works because each member brings his unique perspective and ideas in order to provide something helpful for the overall project.
Today, many companies already use software solutions to manage the booking of meeting and conference rooms. But often the usage of such tools is limited to specific locations (corporate headquarters) or specific employee groups (assistants, secretaries).
Nevertheless, videoconference and Telepresence projects are usually subject to national and international requirements – and they are an enormous complex issue. Many companies experimented with Exchange/Outlook solutions in the past in order to realise the aspect of a “quick and easy booking“ for their employees – but generally without success.
For those looking for jobs nowadays, you might be surprised to know that your interviews may not be in the traditional face-to-face form. These days, more companies are adopting the virtual interviews approach. Usually the interviews take the form of video calls on Vidyo, Skype or other apps. As of 2013, more than 49% of interviews for many positions from senior executive to entry-level jobs were carried out via video conference as opposed to 10% in 2010, and chances are that even more interviews will be carried out using such technologies in the future.
The revamped and refashioned logo of Lifesize indicates its desire to rebrand itself in the video collaboration circuit and bring in new innovations and technologies to better suit the needs of organizations and businesses today. Having brought in HD video conferencing nearly a decade ago, an introduction that changed the face of business communication, Lifesize has reinvented its video conferencing technologies to suit today’s need for easy, flexible and economical collaboration to ensure effective and efficient transfer of data and information within and among organizations. With “cloud” playing a predominant role in video collaborations in recent times, Lifesize has come up with the new “Lifesize Cloud” to bring the benefits of cloud into video conferencing.