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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