No jet lag, and other benefits of videoconferencing

06/23/2009 | Forbes

There are some obvious benefits to videoconferencing -- no wasted travel time, no jet lag -- but what are the trade-offs? The chief information officer of Woods Bagot, an architectural firm with offices around the globe, discusses the pros and cons of his company's deployment. One of the pros: After the system was installed, the company canceled all in-person board meetings for a year, saving $120,000 in airfare for the first meeting alone.

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