More and more business meetings are taking place online. What are the advantages and disadvantages of this trend.

Nowadays, A growing number of companies are opting to use online platforms

such

as Zoom for hosting conferences

instead

of traditional in-person meetings.

This

approach has both positive and negative effects, which will be elaborated

further

in the following paragraphs. On a positive note, it enables employees to work remotely.

This

way, they can maximize their efficiency and productivity by utilizing commuting time.

This

, in turn, can contribute to the growth and success of a company by improving its performance and reputation in the market.

Additionally

,

this

trend reduces the financial burden on businesses' revenue, freeing up funds that can be used to expand their work boundaries or to provide salary increments to their workers.

For example

, businesses used to lease or own large, expensive buildings for their meeting, but

this

trend eliminates the need for

such

expenses.

On the other hand

, attending online meetings requires a stable internet connection, electricity, reliable hardware and secure software, which may face technical difficulties during the conference and,

thus

, can have negative consequences for the company.

For instance

, many years ago, KNT lost a 1 million dollars deal

due to

a power outage in the area.

However

, technical errors are uncommon these days, but we cannot overlook

this

drawback.

To conclude

,

although

switching to the internet for sessions can have some adverse effects, the benefits are far more as it directly increases the businesses’ finances.