November 13, 2019
Collaborative technology lowering hidden expenses for enterprises
Shorter and smaller meetings are more effective, video conferences improve collaboration
Voice recognition, video filters, AR, VR and bots will drive collaboration over next three years
New-age collaborative technology is at the core of stronger business relations and improves turnaround for enterprises by minimising the waste of time and human resources during inefficient meetings. Indian meeting rooms and professionals are more adaptive to disruptive technology compared to the global scenario according to “The Future of Meetings” white paper launched by Barco ClickShare, in association with independent research agency Savanta which shows that 83% of Indian employees carry at least two devices into the meeting room as against 72% globally.
The research found that the most ardent users of technology, in India and globally, include Baby Boomers and Millennials and that the laptop is the most common device in use. The survey saw participation from over 1,500 white-collar professionals across Europe, the US, China, India and the Pacific, aged between 21 and 65, and emphasized that technology is at the heart of great meetings and the arena is set to be revolutionised with further innovations.
Preferred use of Technology in meetings by Organization Size
The clear preference for technology becomes even stronger when it comes to smaller organisations in India, with 100% Small and Medium Enterprises and 97% of mid-sized and large firms adopting technological innovations in a big way. In comparison, 78% of employees at SMEs and 89% of those who work for large firms, globally, prefer technology in meeting rooms. Technology is a major boon to smaller businesses, such as SMEs as it enables them to manage their business efficiently through better collaboration and faster turnaround time.
Commenting on the findings of the research, Mr. Rajiv Bhalla, Managing Director, Barco Electronics Systems Pvt. Ltd. said, “The workplace of today has undergone a revolution aided by new age technologies and it continues to evolve at a fast pace. At Barco India, we believe that better meetings mean better business, across all domains. Real specialists ae necessary to bring forth actual solutions in our complex world, making collaboration crucial in any business context. Collaborations function seamlessly through visual assistance and that is where Barco’s visual collaboration solutions for meeting rooms step in, resulting in better handling of operations and improved return on investment for the enterprises.”
He added, “India is in a digital transformation and modernization phase, aided by technological advances. Barco’s collaborative solutions, including ClickShare and wePresent products, deliver the finest image quality and highest reliability. These solutions enable people to work together in an easy and natural way through collaborative technology and content visualization management. Barco is empowering businesses, both small and big, to enhance the efficiency of meetings and collaborations, thus driving brighter outcomes.”
Collaborative technology boosts productivity while enhancing the quality of the interaction through remote connectivity and faster turnaround time. Accounting for the number of meeting attendees, the average salary cost and the minutes per meeting lost brings forth the hidden cost of meeting inefficiency, which can be solved with technology. Collaborative innovations enable the enterprise to start saving by creating a new meeting culture and investing in easy-to-use meeting room tech which lead to long-term ROI for the company.
Technology has made meetings better
Meetings today are better than they were five years ago, with technology at the heart of this transformation. Meeting attendees are confident about using digital technologies and overwhelmingly prefer meetings that use technology. Nearly all employees take their own tech devices with them to meetings – over one in ten take four separate pieces of tech.
Technology facilitates shorter, smaller meetings
The working population prefers meetings that are short, with few people in them. Meetings are better when visual solutions such as large built-in displays, screen sharing and video are key drivers of engagement. The research found that plug-and-play solutions are the future of meetings.
Technology in meetings is crucial, as the majority of participants (60%) say that meetings are now remote – either partially or fully. This shifting balance is strongly linked to increases in flexible working, with the number of remote workers having increased 115% during the last decade. The majority (87%) in India expect the proportion of meetings with only remote attendees to increase in the next three years, which is much higher than the global average of 74%.
Technology Expected to be used in typical meetings in three years' time
Increasing pace of change
Over 90% of the participants in the survey want to see voice recognition in meetings within the next two years. They are also looking forward to video filters, hand-gesture control, AR, VR and bots to be commonplace in meetings within the next three years. This will improve remote collaboration, enable more efficient meeting management, and increase engagement. Organizations that are slow to recognize and react to these evolving employee demands risk being left behind.
About the study
More than 1,500 white-collar professionals across Europe, the US, China, India and the Pacific were surveyed in April and May 2019 by independent research agency Savanta. The sample included Senior Managers, Heads of Department, Directors and C-Level executives aged between 21 and 65. A good spread of surveys were obtained across age ranges, gender, and organisation size.
Barco is a global technology leader that undertakes innovations to enable bright outcomes with best-in-class, networked visualization solutions (hardware and software) and related services for the entertainment, enterprise and healthcare markets. Barco offers a wide range of innovative, hi-tech and high-quality networked visualization products for the Indian market, including Large Screen display solutions, Digital Cinema projectors, Hi-tech medical displays, rugged displays for professional applications. Barco Electronic Systems India, formed in 1996 is a 100% subsidiary of BARCO NV Belgium. Barco India has a well-integrated, large set-up, equipped with state-of-the-art R&D, Software Development, Manufacturing, Sales and Customer Service to support the regional market network in India. In 2018 the company realized sales of 1.028 billion euro globally. Barco has a strong team of 3,600 employees spread out in over 30 countries and their passion for technology is captured in 340/400 granted patents. The company has seen over 80 years of growth through smart innovation and is a trusted partner to 70% of the Fortune 500 companies.
For more information, please visit us on www.barco.com,