Here's one result I found especially telling: While companies have been scaling back on travel costs, many are investing in virtual meetings technologies. According to the summary:
Survey results showed that more than 40 percent of C-level executives are willing to spend on new virtual meetings technologies. This finding indicates that top decision-makers likely view the concept of virtual travel as a beneficial investment and supports the idea that companies are transitioning from targeting cost reductions to a strategy built around more thoughtful spending to connect employees.
- 74 percent said their companies use or plan to use audio-conferencing as an alternative to travel.
- 15 percent of respondents are currently researching broadband collaboration options.
- 10 percent have no alternative technology strategy to replace in-person meetings.
I don't know about you, but that last bullet point raises a few questions for me. Does it mean that 90 percent do have an alternative technology strategy to replace face-to-face meetings? And how do organizations decide whether a particular meeting is best held in person or not? If face time is still considered the best way to do business, is there a matrix to determine when second best is good enough?