Financial Costs and Benefits of Video Conferencing! (2020)

in videoconferencing •  4 years ago  (edited)

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Video conferencing has been one of the most sought after technologies that are being used today not only in the in-home setting but also in medium to large scale businesses. If you are one of those who are planning to take advantage of this relatively new means of communication, two of the major factors that you should consider are the financial costs and benefits of Polycom Video Conferencing Dubai.

More and more people are now into video conferencing because they are finally seeing its benefits and advantages. However, no matter how advantageous video conferencing is, there will still be major things to be considered to ensure that you will benefit more than you have spent on the technology.

The Financial cost of video conferencing


Video conferencing refers to a means of communication that enables two or more people to a conversation in real-time. It involves the use of a high capacity personal computer, a web camera, a microphone, and a high-speed broadband connection to the Internet. Aside from these video conferencing equipment that has been mentioned, essential tools for making a video conference work are the equipment to be used, the video conferencing systems, and the video conferencing services offered by various people that are in the field of Information and Technology.

The major factor for financial cost in video conferencing is how much would the equipment cost. Since you will be getting transmission both audio and video—in real-time, you need a high capacity personal computer that would amount to $500 to $1000 depending on the brand its specifications. Since video conferencing involves face to face meetings, you will be needing a web camera to capture the image/s and send it back to the other party.

Benefits of Video Conferencing


Although video conferencing would cost you a lot of money from the installation process to the equipment, services, and system requirements, these cannot amount to the benefits you can get for your business.

The major benefits of video conferencing include ensuring that there will be increased productivity because people don’t have to spend so much time traveling for meetings and conferences. A lot of savings in terms of eliminating travel costs and allowances in lengthy trips during meetings.

These are just some of the benefits of video conferencing. If you are a business owner, it is always best to conduct a study or research first about the financial cost or benefits of video conferencing to ensure that you are making a good business move and decision.

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