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Virtual conferencing cuts costs.

Office, Retail, Industrial, Hotels and Residential
Posted On Wednesday, 06 August 2003 02:00 Published by
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A NEW solution has emerged for South African companies that need to leverage human and intellectual capital: the virtual meeting, says office outsourcing company Regus Southern Africa.
A NEW solution has emerged for South African companies that need to leverage human and intellectual capital: the virtual meeting, says office outsourcing company Regus Southern Africa.

 Office outsourcing normally entails providing office suites as need dictates for a few days or a few years without a client company taking on any long-term commitments

 However, a growing aspect of the business is the provision of offices and infrastructure for virtual meetings. The core technology is video conferencing software and recording and transmission hardware, connected via ISDN telephony or a satellite link.

 Kevin Rawnsley, CEO of Regus Southern Africa, says that in Asia, the trend has been spurred on by the recent outbreak of severe acute respiratory syndrome.

 Chinese executives were wary of face-to-face meetings and as a result, video-conferencing facilities were fully booked in Regus offices in Hong Kong, Beijing and Shanghai, Rawnsley said.

 With video conferencing, geography is eliminated from the equation , he says. This cuts out expensive foreign and domestic travel, as well as the high cost of executive accommodation.

 While fear of disease was a trigger event in the Far East , if the rand resumed its slide and air fares continued to rise, the trend towards video conferencing could take off in SA.

       
    Aug 06 2003 08:36:52:000AM Business Day Reporter Business Day 1st Edition
Publisher: Business Day
Source: Business Day
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