Videoconferencing is a futuristic communication tool using which geographically separated people can conduct any kind of face to face meeting. This technological advance makes distance obsolete. Anybody anywhere can see and talk live to the person face to face who could be thousands of miles away.
A truly effective meeting involves much more than the exchange of words - it involves visual communication - in the form of body language, facial expressions. Videoconferencing is a tool that allows this natural, full communication of ideas & information to take place over distance - without the overwhelming expense of travel.
Videoconferencing saves your travelling time , waiting time for planes , trains.
Money saved is Money earned. You save a lot in Videoconferencing than travelling to the particular location for a meeting. You save in your tickets , lodging, boarding and other misc. expenses. and finally you are saved from hectic schedules and tiredness.
Videoconferencing would increase the productivity as it saves energy which is unnecessarily wasted in travelling to the particular location.