Outbreaks of the Covid 19 pandemic epidemic have forced mankind to stay at home. Strict lockdowns and social distance measures by regulators have led to a large number of companies launching home-based ventures. Video conferencing is helping people communicate with each other and share important information, which increases productivity and reduces operational costs. The global video conferencing market is projected to reach 3 6.37 billion by 2026, according to a recent report published by Fortune Business Insights.
What are the benefits of video conferencing?
- Easy to use: Users just need to schedule a meeting, invite their colleagues, and start the conference right away. The interface is user-friendly and does not require any additional skills.
- Time saver: Users can communicate directly with their remote colleagues from the luxury of their living room or meeting room. Video conferencing software solutions saved time & money.
- Security: Software developers nowadays use encryption, proprietary protocols, and specialized codecs to create unique software solutions. These provide security and safety to users’ confidential data.
- Collaboration: Novel Software Solutions is equipped with many collaborative tools, namely instant messaging, screen and content sharing, and slide shows. They enable many users to join a personal project and brainstorm ideas.
The Ministry of Corporate Affairs allows organizations to conduct AGMs through video conferencing
In May 2020, India’s Ministry of Corporate Affairs announced that it had approved the convening of the Annual General Meeting (AGM) in 2020 using video conferencing in association with Covid 19 Pandemic. The countrywide lockdown has disrupted the ministry, as well as economic activities. This decision will help corporates to hold their AGM within 6 months from the end of one year. In addition, they must submit a window to shareholders to register their order. This will be done to transfer dividends through Electronic Clearing Service (ECS).
Airtel launches BlueJeans video conferencing app to go to Zoom and JioMeet
Headquartered in India, Airtel, a global telecommunications service company, launched the country’s latest video conferencing app, Blues, in July 2020. The main purpose behind launching was to use pre-existing apps like Microsoft Teams, Google Meet. Geomet and zoom. The company partnered with Verizon in the US to develop this app for its Indian customers.
The company says the new app includes a high level of security that will protect users from unwanted participants and end-user privacy. It includes authentication options such as participant passcode, secure storage and transmission, random meeting ID, meeting lock, and fraud detection. You can add up to 50,000 participants in one call.
Wamsi Kurma introduces Libero as an alternative to the Zoom app
In July 2020, Vamshi Kurma, an alumnus of Aditya College of Engineering, discovered Libro, a viable alternative to the Zoom video conferencing app. Vamshi has made this app supported by the video conferencing challenge of the Union Ministry of Electronics and Information Technology to make it much safer to find a zoom option. Washi received an award of Rs 15 lakh from the Union Ministry of Information Technology for efficiently replacing the zoom.
Jio Meet showed 5 million download on launch day
In July 2020, Reliance Industries Limited Chairman M. Ambani announced that the company’s first cloud-based video conferencing app Jio Meet had released more than 5 million downloads on the day of launch. The app has unlimited free calling service and is considered a competitor to Zoom. It supports HD video and audio calls with around 100 users. In addition, it has several new features, such as meeting schedules and screen sharing. Google Meet Introduces New Safety Feature for Education Meetings
Google announced in July 2020 that its video conferencing app, Google Meet, would now support blocking anonymous users for ‘education’ meetings. This new feature will increase the privacy of educational meetings taking place in the app. Since the beginning of the Covid 19 pandemic outbreak, many schools and colleges have started conducting online classes through some video-conferencing apps, and Google Meet is one of them. According to the company, zombombing has become an important issue that needs immediate action. So I decided to introduce this feature to keep the malpractices away.
The road ahead
The future of video conferencing promises more than high-quality, reliable calls. Many vendors are constantly striving to bring innovative capabilities and features into their solutions to boost meeting productivity. The introduction of artificial intelligence (AI) makes it possible for them to launch new apps equipped with real-time translation and transcription. Other similar technological advances will make the entire system more sophisticated in the coming years.
Author’s Bio –
Name: Reeti Banerjee
Reeti Banerjee has an extensive experience in the field of software development. She specializes in writing articles, press releases, blogs, and news reports on a wide range of topics. She believes in maintaining simplicity throughout her content to provide the clients with a seamless reading experience.