New Virtual Event Technology Promises 90% Savings in Europe

Businesses and organisations which are slashing spending during the economic downturn are wiping 90 per cent off the cost of conferences, away days and team meetings with a new hi-tech, online solution.

UK-based Virtual iVent has pioneered ground-breaking, new technology to create and launch the UK and Europe’s first complete virtual conferencing and events package.

Companies in the UK are already starting to see the potential. One engineering group in Britain cut its bill for organising a single international conference from £300,000 to £30,000 using Virtual ivent’s services.

Virtual ivent is also working to cut costs in the NHS and is in discussions with several FTSE 100 companies.

The technology has the potential to save British businesses and organisations up to half a billion pounds a year – whilst also cutting their carbon footprints.

Virtual conferences are already making a major impact in the US, with Fortune 500 companies looking to make savings of up to 90 per cent by switching to virtual technology.

It includes the realistic graphical representation of users, complete with facial emotions and body language.

Gavin Newman, Virtual Director of Leeds-based Virtual ivent, says his company is taking full advantage of the cutting-edge technology that it has developed to produce bespoke solutions for companies and organisations, whatever their size and needs.

The company has spent two years in research and development, with leading-edge partners and is the exclusive development partner for US software giant and industry leaders VenueGen in the UK and across most of Europe.

Mr Newman said: “Basically, we can offer everything a traditional conference or meeting has – and much more.”

“Our virtual venues include rooms for speakers to make their presentations and where seminars can take place, as well as conference halllobbies where delegates can chat.”

“The technology we have developed and brought together allows people to gain more information and be totally interactive. We can create the full atmosphere of an exhibition hall with virtual display stands. Our bespoke service also means we can create virtual classrooms and collaboration labs.”

“The potential savings that this kind of virtual conferencing can bring to a business are tremendous. We believe British business and organisations, like the NHS, could together save up to half a billion pounds a year by adopting thevirtual approach.”

“There’s also the environmental issue – virtual conferencingdramatically cuts an organisation’s carbon footprint, something that is becoming increasingly important to public bodies and private sector companies looking to meet green targets.”

Gavin explained: “We have found that people are more likely to get involved with the meeting, if they don’t have to actually stand up in a large hall, but can put their points forward in the virtual world.”

There are other benefits to virtual conferencing. Experts in the US have found that delegates pay more attention in the virtual world.

Some are also more inclined to take part in discussions because they are not intimidated by the thought of having to actually stand up in acrowded conference hall to make their point.

- Originally posted on Conworld.net