SlideShare una empresa de Scribd logo
1 de 10
Descargar para leer sin conexión
SHOCKING TRUTH –
It’s Not Just About Travel Costs!
Calculating the Real ROI of Video Conferencing Technology
Calculating the Real ROI of Video
Conferencing Technology
Viva la Paris (or Milan, or New York, or Sydney)..................................................................6
Time = Money.........................................................................................................................5
Old School – The Traditional Way of Calculating VC ROI...................................................4
The Real ROI Calculation.......................................................................................................9
Explore Video Conferencing.................................................................................................10
Does the Meeting Really Matter?...........................................................................................8
Reduce Wear and Tear … On Your Life.................................................................................7
Saving More Than Just the Cost of Travel..............................................................................3
Saving More Than
Just the Cost of
Travel
Don’t rely on archaic
and cumbersome ROI
calculators to crunch
numbers on one end and
push out a magical sum on
the other.
Sure, ROI calculators help
distill anecdotal evidence
and analyze cost savings
associated with travel, but
it usually goes something
like this: total hours spent
traveling + cost of hotel,
rental car, and food divided
by the number of meeting
hours. Well, at least that’s
one version.
No matter the final number,
the ROI total savings on cost
of travel is only part of the
story. Calculating the true
ROI of video conferencing
combines facts with real-
life tangibles to help you
understand and quantify your
investment.
B A C K T O C O N T E N T S 3
Houston to Austin (Roundtrip)
By Car, 2 Days, 1 Night
Houston to Austin (Roundtrip)
By Plane, 2 Days, 1 Night
Transportation Cost
(326 Miles Roundtrip)
$179
(at .55 per mile)
$400
(Southwest Airlines)
Total Hours Spent Traveling 7 3
Cost of Hotel
(Hilton Garden Inn: $189/night)
$189 $189
T&E
(Approx $50 Per Day)
$100 $100
Rental Car N/A
$100
(Enterprise Rent-A-Car)
Total Cost of Business Trip
(Twice a Month)
$936/month
$11232/year
$1578/month
$18936/year
Prices accurate as of November 2013
Old School – The Traditional
Way of Calculating Video
Conferencing ROI
“How much are meetings costing you?”
You could calculate
ROI this way … but
you’d be completely
missing the point.
B A C K T O C O N T E N T S 4
Time = Money
The single most compelling
reason to install video
conferencing technology is
to be more productive.
Working harder isn’t the
answer; it’s increasing
efficiency that pays dividends.
Video conferencing improves
productivity and empowers
you to work more efficiently
at a low cost that can be
realized in just months—not
years.
Imagine regularly
collaborating with globally
dispersed teams without
driving across state lines or
flying to another country.
B A C K T O C O N T E N T S 5
Viva la Paris
(or Milan, or New York, or Sydney)
Video conferencing reduces
“tedious” business travel,
like the intercity commute
to the weekly sales meeting,
while preserving the human
connection among meeting
participants.
Acompany that reduces
just half of its domestic
meetings—while maintaining
the more “desirable”
international trips—can
realize monumental savings.
Businesses just need to think
differently, and video is part
of this revolution.
Know when to travel to meet
face-to-face and when to save
time and money by using
video conferencing.
Replace team meetings,
training sessions and client
on-boarding that require
frequent domestic short
haul flights. Instead, fly to
key destinations when it’s
important for you to close
deals, meet new customers or
unveil your new Paris office!
Travel
anywhere you
want. Use video
conferencing
for everything
else.
B A C K T O C O N T E N T S 6
Reduce Wear and
Tear…on Your Life
Working harder just
doesn’t scale—how much
can one person do in a day
anyway?
You can attract more talent
of a higher caliber when
you offer jobs with less
travel and more personal
time. Today, quality of life
is more important than ever.
Traveling for work is fine,
but when you barely make it
home for your weekend, it’s
not so great.
Hosting even some of your
meetings over video can help
reduce your own “wear and
tear,” meaning you can go
around the world—or simply
across the country—and be
home in time for dinner.
B A C K T O C O N T E N T S 7
Does the Meeting
Really Matter?
For video conferencing
to be successful within
your business, the quality
needs to be so high that
you forget you are using
it; the technology simply
becomes invisible – like
looking through a window
to another place.
When using any type of
conferencing technology,
ask yourself, “Do I feel like
I met with the person or just
spoke to them?”Atrue video
experience gives you the
feeling of being there without
having to physically get there.
There is still a place for business trips.
Does the meeting really matter?
B A C K T O C O N T E N T S 8
The Real ROI Calculation
B A C K T O C O N T E N T S 9
Explore Video
Conferencing
Making decisions now,
not when a flight lands
or after an employee
commutes an hour to
the office, is the number
one reason to invest in
video conferencing. Video
builds human connections
irrespective of distance. True
video collaboration replicates
in-person meetings, so you
can extend the technology to
anyone—customers, partners
and suppliers. Flying
because you want to is fine,
but for everything else,
there’s video conferencing.
Seeing is
believing
We hope that you found
our ‘Calculating the Real
ROI of Video Conferencing
Technology’guide helpful
and, because we know
that seeing is believing,
we would be delighted to
arrange an opportunity for
you to experience the power
of video for yourself.
info@Lifesize.com
1-877-Lifesize
1-877-543-3749
8 Reasons Why
Your Business Needs
Video Conferencing
Ten things to consider
before you invest in video
conferencing

Más contenido relacionado

Último

+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
?#DUbAI#??##{{(☎️+971_581248768%)**%*]'#abortion pills for sale in dubai@
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
vu2urc
 

Último (20)

+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
+971581248768>> SAFE AND ORIGINAL ABORTION PILLS FOR SALE IN DUBAI AND ABUDHA...
 
HTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation StrategiesHTML Injection Attacks: Impact and Mitigation Strategies
HTML Injection Attacks: Impact and Mitigation Strategies
 
Histor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slideHistor y of HAM Radio presentation slide
Histor y of HAM Radio presentation slide
 
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemkeProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
ProductAnonymous-April2024-WinProductDiscovery-MelissaKlemke
 
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
Apidays Singapore 2024 - Building Digital Trust in a Digital Economy by Veron...
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a Fresher
 
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
Strategies for Unlocking Knowledge Management in Microsoft 365 in the Copilot...
 
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
Mastering MySQL Database Architecture: Deep Dive into MySQL Shell and MySQL R...
 
Tech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdfTech Trends Report 2024 Future Today Institute.pdf
Tech Trends Report 2024 Future Today Institute.pdf
 
GenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdfGenAI Risks & Security Meetup 01052024.pdf
GenAI Risks & Security Meetup 01052024.pdf
 
A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?A Year of the Servo Reboot: Where Are We Now?
A Year of the Servo Reboot: Where Are We Now?
 
Real Time Object Detection Using Open CV
Real Time Object Detection Using Open CVReal Time Object Detection Using Open CV
Real Time Object Detection Using Open CV
 
How to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected WorkerHow to Troubleshoot Apps for the Modern Connected Worker
How to Troubleshoot Apps for the Modern Connected Worker
 
The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024The 7 Things I Know About Cyber Security After 25 Years | April 2024
The 7 Things I Know About Cyber Security After 25 Years | April 2024
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 
Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024Finology Group – Insurtech Innovation Award 2024
Finology Group – Insurtech Innovation Award 2024
 
Advantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your BusinessAdvantages of Hiring UIUX Design Service Providers for Your Business
Advantages of Hiring UIUX Design Service Providers for Your Business
 
Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024Axa Assurance Maroc - Insurer Innovation Award 2024
Axa Assurance Maroc - Insurer Innovation Award 2024
 
Handwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed textsHandwritten Text Recognition for manuscripts and early printed texts
Handwritten Text Recognition for manuscripts and early printed texts
 
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, AdobeApidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
 

Destacado

How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
ThinkNow
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
Kurio // The Social Media Age(ncy)
 

Destacado (20)

2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot2024 State of Marketing Report – by Hubspot
2024 State of Marketing Report – by Hubspot
 
Everything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPTEverything You Need To Know About ChatGPT
Everything You Need To Know About ChatGPT
 
Product Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage EngineeringsProduct Design Trends in 2024 | Teenage Engineerings
Product Design Trends in 2024 | Teenage Engineerings
 
How Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental HealthHow Race, Age and Gender Shape Attitudes Towards Mental Health
How Race, Age and Gender Shape Attitudes Towards Mental Health
 
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdfAI Trends in Creative Operations 2024 by Artwork Flow.pdf
AI Trends in Creative Operations 2024 by Artwork Flow.pdf
 
Skeleton Culture Code
Skeleton Culture CodeSkeleton Culture Code
Skeleton Culture Code
 
PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024PEPSICO Presentation to CAGNY Conference Feb 2024
PEPSICO Presentation to CAGNY Conference Feb 2024
 
Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)Content Methodology: A Best Practices Report (Webinar)
Content Methodology: A Best Practices Report (Webinar)
 
How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024How to Prepare For a Successful Job Search for 2024
How to Prepare For a Successful Job Search for 2024
 
Social Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie InsightsSocial Media Marketing Trends 2024 // The Global Indie Insights
Social Media Marketing Trends 2024 // The Global Indie Insights
 
Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024Trends In Paid Search: Navigating The Digital Landscape In 2024
Trends In Paid Search: Navigating The Digital Landscape In 2024
 
5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary5 Public speaking tips from TED - Visualized summary
5 Public speaking tips from TED - Visualized summary
 
ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd ChatGPT and the Future of Work - Clark Boyd
ChatGPT and the Future of Work - Clark Boyd
 
Getting into the tech field. what next
Getting into the tech field. what next Getting into the tech field. what next
Getting into the tech field. what next
 
Google's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search IntentGoogle's Just Not That Into You: Understanding Core Updates & Search Intent
Google's Just Not That Into You: Understanding Core Updates & Search Intent
 
How to have difficult conversations
How to have difficult conversations How to have difficult conversations
How to have difficult conversations
 
Introduction to Data Science
Introduction to Data ScienceIntroduction to Data Science
Introduction to Data Science
 
Time Management & Productivity - Best Practices
Time Management & Productivity -  Best PracticesTime Management & Productivity -  Best Practices
Time Management & Productivity - Best Practices
 
The six step guide to practical project management
The six step guide to practical project managementThe six step guide to practical project management
The six step guide to practical project management
 
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
Beginners Guide to TikTok for Search - Rachel Pearson - We are Tilt __ Bright...
 

Calculating the Real ROI of Video Conferencing | Lifesize

  • 1. SHOCKING TRUTH – It’s Not Just About Travel Costs! Calculating the Real ROI of Video Conferencing Technology
  • 2. Calculating the Real ROI of Video Conferencing Technology Viva la Paris (or Milan, or New York, or Sydney)..................................................................6 Time = Money.........................................................................................................................5 Old School – The Traditional Way of Calculating VC ROI...................................................4 The Real ROI Calculation.......................................................................................................9 Explore Video Conferencing.................................................................................................10 Does the Meeting Really Matter?...........................................................................................8 Reduce Wear and Tear … On Your Life.................................................................................7 Saving More Than Just the Cost of Travel..............................................................................3
  • 3. Saving More Than Just the Cost of Travel Don’t rely on archaic and cumbersome ROI calculators to crunch numbers on one end and push out a magical sum on the other. Sure, ROI calculators help distill anecdotal evidence and analyze cost savings associated with travel, but it usually goes something like this: total hours spent traveling + cost of hotel, rental car, and food divided by the number of meeting hours. Well, at least that’s one version. No matter the final number, the ROI total savings on cost of travel is only part of the story. Calculating the true ROI of video conferencing combines facts with real- life tangibles to help you understand and quantify your investment. B A C K T O C O N T E N T S 3
  • 4. Houston to Austin (Roundtrip) By Car, 2 Days, 1 Night Houston to Austin (Roundtrip) By Plane, 2 Days, 1 Night Transportation Cost (326 Miles Roundtrip) $179 (at .55 per mile) $400 (Southwest Airlines) Total Hours Spent Traveling 7 3 Cost of Hotel (Hilton Garden Inn: $189/night) $189 $189 T&E (Approx $50 Per Day) $100 $100 Rental Car N/A $100 (Enterprise Rent-A-Car) Total Cost of Business Trip (Twice a Month) $936/month $11232/year $1578/month $18936/year Prices accurate as of November 2013 Old School – The Traditional Way of Calculating Video Conferencing ROI “How much are meetings costing you?” You could calculate ROI this way … but you’d be completely missing the point. B A C K T O C O N T E N T S 4
  • 5. Time = Money The single most compelling reason to install video conferencing technology is to be more productive. Working harder isn’t the answer; it’s increasing efficiency that pays dividends. Video conferencing improves productivity and empowers you to work more efficiently at a low cost that can be realized in just months—not years. Imagine regularly collaborating with globally dispersed teams without driving across state lines or flying to another country. B A C K T O C O N T E N T S 5
  • 6. Viva la Paris (or Milan, or New York, or Sydney) Video conferencing reduces “tedious” business travel, like the intercity commute to the weekly sales meeting, while preserving the human connection among meeting participants. Acompany that reduces just half of its domestic meetings—while maintaining the more “desirable” international trips—can realize monumental savings. Businesses just need to think differently, and video is part of this revolution. Know when to travel to meet face-to-face and when to save time and money by using video conferencing. Replace team meetings, training sessions and client on-boarding that require frequent domestic short haul flights. Instead, fly to key destinations when it’s important for you to close deals, meet new customers or unveil your new Paris office! Travel anywhere you want. Use video conferencing for everything else. B A C K T O C O N T E N T S 6
  • 7. Reduce Wear and Tear…on Your Life Working harder just doesn’t scale—how much can one person do in a day anyway? You can attract more talent of a higher caliber when you offer jobs with less travel and more personal time. Today, quality of life is more important than ever. Traveling for work is fine, but when you barely make it home for your weekend, it’s not so great. Hosting even some of your meetings over video can help reduce your own “wear and tear,” meaning you can go around the world—or simply across the country—and be home in time for dinner. B A C K T O C O N T E N T S 7
  • 8. Does the Meeting Really Matter? For video conferencing to be successful within your business, the quality needs to be so high that you forget you are using it; the technology simply becomes invisible – like looking through a window to another place. When using any type of conferencing technology, ask yourself, “Do I feel like I met with the person or just spoke to them?”Atrue video experience gives you the feeling of being there without having to physically get there. There is still a place for business trips. Does the meeting really matter? B A C K T O C O N T E N T S 8
  • 9. The Real ROI Calculation B A C K T O C O N T E N T S 9
  • 10. Explore Video Conferencing Making decisions now, not when a flight lands or after an employee commutes an hour to the office, is the number one reason to invest in video conferencing. Video builds human connections irrespective of distance. True video collaboration replicates in-person meetings, so you can extend the technology to anyone—customers, partners and suppliers. Flying because you want to is fine, but for everything else, there’s video conferencing. Seeing is believing We hope that you found our ‘Calculating the Real ROI of Video Conferencing Technology’guide helpful and, because we know that seeing is believing, we would be delighted to arrange an opportunity for you to experience the power of video for yourself. info@Lifesize.com 1-877-Lifesize 1-877-543-3749 8 Reasons Why Your Business Needs Video Conferencing Ten things to consider before you invest in video conferencing