Within five years, technology will obliterate the need | Fast Company

WHY is virtual worlds not also considered to cut travel costs – hmmm

“Apart from becoming more and more unpleasant, recently business travel is also becoming far less necessary. With videoconferencing technologies improving and fuel prices rising, more businessmen and women seem to be choosing the option to stay put and use new technology to cut down on travel. Companies too are making an active effort to limit employees’ air travel for the duel-pronged benefits of cutting costs and being environmentally friendly. AT&T has reportedly reduced employee air miles by 15% through video conferencing and Web meetings, while Accenture plans to have 22 video conferencing rooms installed around the world by the end of this year. ” | Fast Company