Categories: Video Conferencing

How videoconferencing supports the triple bottom line

Here at Cisco we are all about collaboration – especially real-time, face-to-face collaboration. The adoption of video collaboration technologies also has important implications on a company’s triple bottom line: people, planet and profit. So, in the light of Earth Day 2020 we thought we would reiterate some of the benefits video conferencing technologies bring to businesses, the people that work for them, and for the planet we live on.

People

Video conferencing empowers people to own their schedule, better integrate their work and personal lives, and offers them the freedom to get stuff done wherever they are. Employees are not only employees, they are parents, siblings, friends, errand-running multi-taskers that need the flexibility of structuring their own workdays. In a study by Forrester on the economic impact of deploying Cisco Webex Meetings + Webex Rooms, companies found that employees described that the “simplicity afforded by being able to start meetings and share content from a mobile device or to connect to a Webex video device makes movement between the home office and work office effortless.”

Cisco Webex Meetings + Devices also removes some of the barriers that comes with siloed organizational structures. Video provides a human-centric way of collaborating, and allows employees to make deeper connections within the company by reading into body language and non-verbal cues. The importance that connecting with and trusting your colleagues holds for wellbeing in the workplace cannot be underestimated. When physical lunchbreaks and watercooler conversations are out of the question, employees can still meet face-to-face with videoconferencing technologies. See how to create a virtual watercooler with your team (internal and/or external members).

Planet

One of the most crucial benefits that videoconferencing can have on the planet, is reduced CO2 emissions from business travel. With Webex Meetings + Webex Rooms, you can interact with colleagues, partners and customers from remote corners of the world with the touch of a button. International, executive, c-suite meetings shouldn’t be equivalent with airline miles: with dedicated room systems such as the Cisco Webex Room Panorama, you can meet eye-to-eye and feel like you are in the same room from across the globe.

According to the 2017 data from Global Workplace Analytics, remote workers have the same effect on air quality as planting a forest. They also estimate that remote workers who work outside of the office 2-3 days a week have the potential of reducing greenhouse gas emissions by 54 million tons every year. By deploying and adopting Cisco Webex video collaboration software and hardware you are empowering your employees, helping reduce travel-related greenhouse gas emissions, all whilst experiencing true meeting magic.

Profit

Then there’s profit. Not always the most exiting topic, but it is something that is essential for maintaining a healthy business. Forrester found that businesses that implemented Cisco Webex Meetings + Devices reported productivity increases from reduced time starting meetings, saving over $21.3 million dollars in productivity costs.

Further, less miles travelled means bigger travel cost savings: “After organizations got a taste for how real the video and holistic collaboration experience was, they started exploring ways to reduce travel costs. Interviewees reported IT teams choosing to hold annual meetings virtually instead of in-person, saving over $100,000 in their first year.”