How has Video Conferencing Changed Business?

Just as COVID’19 hit the world, many business processes transformed to survive the uncertain times. With countries closing their borders to survive amidst the pandemic, video conferencing became the only alternative to connect teams in different parts of the world.

From 2020 to 2026, video conferencing statistics will reach a CAGR of 11.45%. This progression signals the boost in video conferencing tools amongst businesses as a new form of connectivity. How has video conferencing changed the business world? Let’s find out.

The Revolution of Video Conferencing

The Dramatic Rise of Video Conferencing

Catalysing the business operations, video conferencing entered the business arena when businesses were shut down as an unfortunate impact of the pandemic. Initially, the worldwide COVID’19 mass gathering restrictions jolted the business operations as business owners failed to manage it all without the physical presence of the human resource on office premises. In the pre-pandemic world, conferences were held to enhance collaboration between team members and drive decision-making through a joint opinion.

Businesses immediately switched to video conferencing to manage their day-to-day operations and embrace the new working usually. A data analytics app, App Annie, reported that the number of video conferencing applications downloaded surged by 90% from the pre-pandemic times. Businesses were reliant on this alternative to survive the lockdown restrictions. Soon, this survival mode transformed into growth, and companies became aware of the positive aspects of replacing on-premises meetings with video conferencing. We have witnessed a 140% increase in the number of remote employees since 2005. Thus, the usage of video conferencing tools was inevitable. 

Businesses brought video conferencing into their day-to-day management to remain operational and expand during the pandemic. By introducing video conferencing, they also brought greater flexibility to the work environment.

Video Conferencing: Here to Stay?

With the pandemic no longer lingering over our heads, people are shifting back to their previous lifestyles gradually. Although everyone embraced change and altered their lifestyles during the pandemic, moving back to the earlier times indeed seems like a breath of fresh air to everyone. What entered our lives as a terrific alternative to regular meetings became the perfect business solution. While some businesses stick to virtual meetings, others have opted for hybrid setups. Upwork's report shows remote employees will increase by 87% from pre-pandemic times till 2025. Such a dramatic increase in the number of employees working from home surely signals the long-lasting usage of video conferencing after the pandemic too.

How has Video Conferencing Changed Business?

Greater Flexibility

In a surprising series of events, an industrial survey revealed that 37% of the employees would choose to work from home even with a 10% salary reduction. Unlike in the past when employees preferred financial gains, they want to strike a balance between work and life. Happier employees lead to high-performing businesses. Organizations that integrate video conferencing into their system allow employees to work from flexible home environments and maintain control over the organizational operations side-by-side. 

The introduction of video conferencing tools prompted organizations to look out for video conferencing platforms that offer greater engagement than traditional video conferencing tools that only allow employees to remain in touch via screens. 

Oreed is one such video conferencing platform that not only introduces a seamless video conferencing experience to the employees but also facilitates hosts to collaborate with attendees in more engaging ways. A gamification feature is present in the Oreed video conferencing platform that amplifies the user experience through constant interaction and feedback.

Escalated Productivity 

With 77% of employees reporting higher productivity levels when working remotely, video conferencing has completely transformed the business operations by now. As employees are more comfortable with working from home, businesses are on the lookout for tools that support such emerging setups.

In physical office spaces, multiple distractions surround employees that reduce their productivity levels. Every employee has a productivity level that unlocks in different environments. Not every human is wired to work in a similar setup. When employees are given the flexibility to work from home, businesses witness an increase in their performance. 

Now when businesses are operating remotely, organizations are opting for video conferencing to communicate in smaller and focused groups with employees and maintain a human element in it too. The video conferencing solution allows employees to work from anywhere and still remain connected to their co-workers through video calls which facilitate higher engagement and productivity without disrupting the work-life balance. 

By utilizing Oreed’s video conferencing platform, organizations can connect employees over wide distances and create an office-like setup at home. You can also opt for customized services to personalize the platform as per your brand image. Nothing can go wrong with a little personalization as remote workers require such efforts to feel associated with their workplace.

No Geographical Barriers

A solution adopted by most businesses to keep running amidst the outbreak of COVID’19, video conferencing, eradicates geographical boundaries and connects employees across the globe. With greater inclusion in the workforce, organizations are equipped to make insightful decisions that come from diverse minds. 

Breaking geographical barriers and connecting with business leaders all across the globe through video conferencing has made businesses perform better. Unlike previous times when people had to spend financial resources to travel to workplaces, they can simply get in touch with their respective work colleagues through video conferencing platforms and run their business operations through this technological advancement that has completely altered the business arena. 

A video conferencing platform should not only facilitate two-way communication between employees and employers but should also streamline various operations of the business, such as handling data analysis, attendance management, and 360-degree user understanding. 

Now, this is where a platform like Oreed comes into action. Businesses no longer need to rely on traditional video conferencing options that only allow communication without any additional support. Join Oreed and let us manage the day-to-day operations and streamline the communication. 

Smooth Team Collaboration

Do you believe you can survive in isolation and get things done efficiently? It is not really the case for businesses that operate in remote settings. You cannot understate the impact of diversity on performance. No matter how productive an individual is, team effort overshadows individual efforts. When multiple minds work on a solution together, the outcomes are far more diverse and innovative. 

If you are planning to shift to remote work but fear a lack of communication between team members, video conferencing is here to stay for the foreseeable future. A video conferencing platform fosters team collaboration across the globe. As per a Forbes survey, departmental collaboration is crucial for 73% of employers. To facilitate effective collaboration via a platform that provides you with data centralization, a built-in LMS system, data analytics tools, and an automated payment system, choose Oreed as your video-conferencing platform. 

Oreed is a video conferencing platform that supports users to connect smoothly with other team members. We provide a seamless user experience to our clients, which is free from any glitches and software errors. Request a quotation and we will design an all-inclusive solution that aligns with your business requirements and brand image. 

Access to Information 

Do you lose your train of thought during never-ending work meetings? Employees often zone out during long meetings and unintentionally skip important pieces of information. With increased distractions for employees that work from home, video conferencing tools facilitate users with recorded meetings and accessible content. Previously, employees spent maximum time and effort jotting down notes and minimal details of a meeting, resulting in lower real-time productivity and attentiveness. 

Video conferencing platforms not only increase user engagement through the 1:1 chat option, breakout rooms, and gamification features but also provide a recorded version at the end of the meeting. If you are done with downloading recorded videos and accessing content from traditional LMS systems, join Oreed today and gain access to recorded videos and content under one roof. We provide businesses with top-notch video conference services including recorded meetings, information access, gamification, and much more. 

Once you choose our platform to conduct your next video conference, you will witness an increase in employee engagement throughout the meeting and higher productivity levels from employees who work from home. It is time we come out of our shells and embrace the new norm of working remotely whole-heartedly. Through technological advancements, such as video conferencing tools businesses can grasp this new reality in a much more efficient way.

How Oreed can help you manage your video conferences better

Oreed is the future of video conferencing platforms. The Oreed team has created a system that is easy to use, reliable, and available on multiple devices. Oreed has features that allow users to join or leave a meeting, share their screen, and record their meeting. Oreed also has features that allow users to turn off their video and audio, so they can focus on the presentation. Oreed is the perfect platform for businesses of all sizes who want to improve their communication and collaboration. 

Our platform enables you to easily schedule and track your video conference meetings, as well as share important documents and files with conference participants. In addition, Oreed offers a wide range of features that can help make video conferencing more effective for healthcare professionals. 

For example, our platform allows you to record video conference sessions, share screens, and use video annotations. These features can be particularly helpful when conducting training sessions or briefings with medical professionals. By using Oreed to manage your video conferences, you can ensure that your meetings are more organized and efficient.

Oreed’s Membership Plans

• Free
• Paid
• Private

We offer customized packages and discounts too. So, what are you waiting for? Contact us to get a quotation according to your requirements and start hosting immersive video conferences today.

Conclusion

Though the technology has been around for a while, video conferencing is becoming more and more popular as businesses see its potential. The benefits are clear-cut: reduced travel costs, increased efficiency, and improved communication. 

In today’s global economy, being able to connect with people from all over the world is essential for success. That’s why we offer Oreed, an easy-to-use video conferencing software that makes meeting with clients and colleagues simple and efficient. How has Video Conferencing Changed Business?

With Oreed, you can have face-to-face meetings without ever leaving your desk. Try it out today and see how video conferencing can change your business for the better!