The short answer is YES!
Since 2005, the push for HD video conferencing has taken off and with higher resolutions, it has enhanced the audio conferencing component that most used.
Now that the visual component of the exchange has improved in resolution and the ability to bridge multiple meeting participants, the advantages are easily realized.
Whether used in bail hearings, medical, government, military purposes and more, the costs are quickly realized.
Video conferencing can replace travel quite easily and beneficially. It can help make smaller companies more competitive, and reduce expenses for all size businesses that would have had a travel budget. The only downside might be to the travel industry, which can fight back with better corporate deals in their effort to stay competitive.
For overall savings, video conferencing beats travel for time, energy and cost.
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