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In his article, “Videoconferencing helps companies cut travel costs,” USA Today reporter Roger Yu profiles the cost savings being brought to law firm Lathrop & Gage. With 11 offices and 300 attorneys, Chief Information Officer Ben Weinberger estimates that he’ll only need to travel once this year to each office, versus the typical 25 times a year. He’s now relying on the six dedicated videoconference rooms set up in the main headquarters, with HD cameras, monitors and software provided by Polycom.
Substantial industry growth:
In 2008, the global videoconferencing market grew 24% to $2.4 billion, according to Roopam Jain, a technology analyst at Frost & Sullivan. The firm forecasts the market will more than double, to reach $5.7 billion by 2013.
Commentary by unified collaboration leaders TANDBERG and Polycom:
Recent tech breakthroughs have helped to loosen business customers’ purse strings, says Rick Snyder, president of TANDBERG ‘s Americas operation. Internet bandwidth is more plentiful and affordable. HD cameras can cost less than $200. More sophisticated chips can compress HD images with crisper resolution. Some vendors can help clients better manage internal computer networks so that video gets priority. “The movement to HD has raised the bar,” Snyder says.
With costs falling, smaller businesses are being courted with systems that cost less than $10,000. Polycom and TANDBERG have introduced products featuring 32- to 52-inch monitors and HD cameras that can be installed in boardrooms or on PCs.