[Pen-l] some Business Travel replaced by video conferencing

[Doyle Saylor <doylesaylor@xxxxxxx>]

Greetings Economists,

Some interesting quotes from the NY Times article here - http://www.nytimes.com/2008/07/22/technology/22meet.html?ref=technology

"With his sales force doing many product demonstrations online, Mr. Minton estimates the group’s travel costs of have been cut by 60 percent and the average time to close a new sale has been reduced by 30 percent."

"Completed telepresence rooms, typically with three huge curved screens (and a fourth screen above for shared work), custom lighting and acoustics, cost up to $350,000 — though that is down from $500,000, when H.P. sold its first system in early 2006."

Doyle;

What is being exploited is the conversational content of information or knowledge people must share in business.  Conversational content is networked information so the media that is part of this technology moves to capture more of that 'knowledge'.  It's not just recording the video of a conference.  What person wants to sit through conference calls again?  It is about 'knowing' the shared part of information.  In order to do that certain sorts of tools are needed to process networked information.  This is why multi-core chips arise in the consumer market.

thanks,

Doyle Saylor

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