Telepresence to ensure financial benefits of $19 bn by 2020

Adoption of
telepresence will bring in financial benefits of almost $19 billion by 2020. Businesses that substitute some business travels with telepresence can cut CO2 emissions by nearly 5.5 million metric tons in total — the greenhouse gas equivalent of removing more than one million passenger vehicles from the road for one year — and achieve total economy-wide financial benefits of almost $19 billion by 2020.

Corporates in UK and US are attracted to this technology which will enable them to partner in this green initiative. It will help them cut down direct costs in business travels. Telepresence’s much advanced and has improved features than video conferencing. It has brought in life like experience of meeting environment which can increase productivity, quick decision making and efficient working, according to a new study “The Telepresence Revolution,” commissioned by the Carbon Disclosure Project (CDP) and sponsored by AT&T; U.S. and U.K.

Enterprises are adopting this new technology in a bigger way. It is not only technologically advanced but also environment friendly and can help reduce global warming at large scale. Companies like Microsoft, Accenture, Aviva and EMC; are now using high end performance technology.

Other conclusions of the study determined a business with $1 billion or more in annual revenue can save nearly 900 business trips in the first year of using

The most highlighted feature of this technology by the study is the suppression of Co2 emissions by 2,271 metric tons over five years-the greenhouse gas equivalent of removing 434 passenger vehicles from the road for one year. “Companies that invest in carbon cutting technologies and re-engineer the way they do business will not only be better placed to succeed as we transition to a low-carbon economy but can experience considerable business benefits during this transition,” said CDP chief executive officer Paul Dickinson. “Telepresence is a good example of a low-carbon solution that can bring financial savings and increase productivity while reducing emissions.”

What needs to be kept in mind is that this technology comes with heavy investments on part of the companies for its installation and its operation. Also this high end technology is adopted with a fast pace in the UK and US but with their clients and associates in small enterprises might not avail to this facility and this might turn out to be the biggest hurdle for telepresence segment.

However, companies like Cisco which is the front runner for this technology globally, has introduced low cost, consumer friendly and mid management areas suited telepresence; but even then the technological and economical gap is still to be covered. Telepresence’s purpose can completely be served when it is succesfully adopted and used globally which can benefit both environment and economy at a large scale. Its success rate in other parts of the world still needs to be charted out and till then it can be a successful investment for corportaes in the UK and US for their ‘green economy’.

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