Comments on: THOUGHTS ON TUESDAY’S DATA http://pragcap.com/thoughts-on-tuesdays-data-4 Sat, 26 May 2012 09:29:57 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Chris http://pragcap.com/thoughts-on-tuesdays-data-4/comment-page-1#comment-4618 Chris Tue, 11 Aug 2009 23:35:12 +0000 http://pragcap.com/?p=7353#comment-4618 Just read an interesting blog on the move to videoconferencing in corporations. http://www.singularity2050.com/2009/08/video-conferencing-the-cascade-of-creative-disruptions-has-arrived.html "In a trend that could transform the way companies do business, Cisco Systems has slashed its annual travel budget by two-thirds — from $750 million to $240 million — by using similar conferencing technology to replace air travel and hotel bills for its vast workforce. Likewise, Hewlett-Packard says it sliced 30 percent of its travel expenses from 2007 to 2008 — and expects even better results for 2009 — in large part because of its video conference technology." These cost cuttings have been happening over the past few years, but will probably escalate in the near term. Thus more hurt to airlines and hotels. Just read an interesting blog on the move to videoconferencing in corporations.

http://www.singularity2050.com/2009/08/video-conferencing-the-cascade-of-creative-disruptions-has-arrived.html

“In a trend that could transform the way companies do business, Cisco Systems has slashed its annual travel budget by two-thirds — from $750 million to $240 million — by using similar conferencing technology to replace air travel and hotel bills for its vast workforce.

Likewise, Hewlett-Packard says it sliced 30 percent of its travel expenses from 2007 to 2008 — and expects even better results for 2009 — in large part because of its video conference technology.”

These cost cuttings have been happening over the past few years, but will probably escalate in the near term. Thus more hurt to airlines and hotels.

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