Polycom announces OTX 100 immersive telepresence solution!
The OTX expands upon the award-winning performance of the Polycom OTX 300 - the Polycom OTX 100 solution provides the power of a single-screen immersive telepresence experience in a smaller package. It is also less expensive, interoperable with Microsoft Lync and Cisco CTS systems, and uses less bandwidth, making it an ideal choice for smaller meeting rooms and offices.
We’re seeing many interesting applications of Cisco’s TelePresence technology.
Citizens Bank is redefining “robosigning” with a system that allows customers to apply for a loan via video conference and use an electronic pen to put ink to paper in an office hundreds of miles away.
The bank is testing Cisco Systems’ TelePresence equipment at five Bay State branches as a way to speed up transactions between customers and off-site banking specialists.
IVCi has been named to the VAR500 list for the fifth consecutive year. Look for upcoming press release!
Expanded use of video conferencing to conduct preliminary arraignments and other court proceedings throughout the Commonwealth is saving taxpayers more than $21 million annually, according to a report released today by the Supreme Court of Pennsylvania in Harrisburg.
Read more: Video conferencing saves PA courts $21M | Pittsburgh Business Times
According to a new report by Frost & Sullivan, the video conferencing market continues to grow, and money saving is the main reason for businesses to turn to video conferencing services because it allows employees to work from any location without the need to travel.
The report specifies that small and medium sized businesses (SMB) are likely to be among those that will benefit most from the technology:
The bottom line: small businesses especially can benefit from video conferencing by using it to reduce travel costs and enhance productivity. In fact, small companies can pay for the equipment with just one or two business trips saved.
According to Cisco’s VP June Bower points out that “the compelling reasons for utilizing video communications technology are starting to pile up. Web meetings are not just a good way to connect a far-flung team. They also cut costs, boost productivity and more.”
Video — already the biggest component of Internet traffic — will account for more than 50% by the end of next year and reach 62% by the end of 2015, according to Cisco’s latest Visual Networking Index Forecast.
By 2015, there will be nearly 3 billion Internet users, more than 40% of the world’s projected population and there will be more than 15 billion network-connected devices by then, according to Cisco’s Visual Networking Index (VNI) Forecast for 2010-2015.
IVCi created a custom design for Duke University’s Fuqua School of Business using Cisco’s TelePresence technology. The results are remarkable.
Read the full story here:
In another exciting turn of events for our industry, Polycom has announced that it is acquiring HP’s visual collaboration business including Halo, and will become an exclusive partner to HP for telepresence and certain video UC solutions.
Also included in press release:
- Polycom will integrate video applications in HP’s WebOS platform
- Establishes open video exchange cloud with leading service providers
- Expands strategic relationships with Microsoft
- Announces 2-for-1 stock split
Polycom is certainly on a roll! Motley Fool has listed Polycom as one of the top five performers in the communications equipment sector, with a 47.2% YTD return. According to the web site, companies that do well may indicate either savvy moves from the business itself, or a larger trend out there in the market place. Either way let’s keep this type of good news coming!