Great teams form the heart of an effective business. Unfortunately, as the business world transforms with organisations spanning across different geographical boundaries, it’s becoming increasingly difficult for the average business to stay connected.
Video conferencing and web-conferencing services are helping to bridge the gap between dispersed teams as remote working trends by providing companies with the face-to-face interactions they need for effective collaboration. However, the choice of meeting room equipment can have unexpected consequences on wasted floor space leading to unnecessarily excessive office rental costs.
With the average cost of office space in the City of London coming out at about £84 per square foot*, is it worth a moment to look at a video meeting camera that can save you 40 sq ft of floor space per room?
How Your Choice of Video Camera can Slash Real Estate Costs
The ROI of video conferencing has earned plenty of attention in recent years as trends like digital transformation and the rapid growth of Millennials in the workplace demand more effective collaboration than the standard audio call. For instance, 56% of global CFOs have stated that they’d invest more in video assets to reduce the cost of travel for their employees. After all, businesses using video strategies can see a 30% reduction in travel costs.
What is less well understood is that the choice of video camera in small to medium rooms or so-called “huddle rooms” can deliver a much bigger ROI by cutting the amount of space required for each room deployed. This means, for example, that companies can spend less on expensive offices in the heart of London without compromising on the relationships built with employees. (Global surveys have found that 55% of non-teleworking respondents crave the ability to work remotely).
How the PanaCast 2 Banishes Wasted Office Space
Imagine setting up a standard meeting room with five participants seated around a small table. With a typical meeting room camera featuring a 72° field-of-view, you’d need around 40 square feet of additional space between the camera lens and the table to ensure that everyone in your meeting is captured in the image. To put that into perspective, in the average London business centre, you’d be wasting £3,255 per room on space that’s used for nothing but giving your camera a better view. If you are planning to deploy 100 rooms, that’s £335,500 of wasted space per year.
Even if you are comparing the PanCast 2 with a single lens camera with a 120° field-of-view, using the PanaCast 2 will still save you over £120,000 in regained floor space in our example and the unique, triple lens solution in the PanaCast minimises the “fish-eye” distortion that typifies all single-lens solutions creating a natural-looking, immersive user experience.
Up until now, companies have had no choice but to pay the extra cost for larger meeting rooms than they actually need but, with the PanaCast 2, its unique 180° field-of-view means that there’s no need for any additional space between the camera and the participants around your meeting room table. Every executive and employee becomes part of a clear, carefully-constructed image regardless of how small their meeting or huddle room space might be.
The camera is designed to provide clear and efficient video with human perspective in mind. The result is a more immersed experience, happier employees, and reduced costs for real estate. What’s more, the system works seamlessly with a range of popular collaboration apps like CISCO WebEx™, Google Hangouts®, Skype for Business®, Microsoft Teams, BlueJeans™, Zoom® and GoToMeeting®.
Stop Wasting Cash on Real Estate
In today’s competitive business world, companies need to keep overheads low and profits high to stay ahead of the game. The PanaCast 2 camera offers a new kind of visual collaboration experience to users, with a panoramic image that clearly conveys 180 degrees of vision to the end user.
Whether you’re cutting costs with huddle rooms, or you’re avoiding over-spending in today’s flexible working environment, you can instantly reduce your expenses in real-estate space. No matter how small your conference room might be, you can rest assured that your coworkers and clients will get a riveting, high-quality experience with every call.
Want to know more about PanaCast 2 and the new PanaCast 2s? Contact us now for a no-obligation conversation.
- Average Rent + Rates per sq ft in the City of London 2018