Thursday, December 4, 2008

Costco Saves $5 Million with Video Conferencing


Brandon Hall Research blogged that:

Costco’s Savings From video conferencing will exceed $750K in 2008.

The December 8, 2008 issue of Fortune reports that Costco replaced in-person meetings with video conferencing in its northwest region.

Fifty-nine managers who typically traveled to headquarters monthly, now met virtually every other month via video conferencing.

The savings in 2008: $750,000.

Projected savings when it rolls out nationwide: $3 million to $5 million.

As the technology gets better, the bandwidth size used by a company eg T1 T3 OC3 MPLS, the cost for this bandwidth continues to decrease in price more and more companies are going to opt for video conferencing.



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