Tool Strengths Weaknesses Cost Teleconferencing Best with: Known parties or clear agendas Phone lines Anyone can use it Doesn’t require any infrastructure investment Can support only a limited number of callers Call clarity can vary Negotiated with phone company Over IP Allows for integration of voice and data Lots of features not available over traditional phone lines High bandwidth costs Quality of service varies Requires a large infrastructure investment Data Conferencing Best with: Known parties, shared documents Hosted No need to install/manage Cost-efficient for companies with fewer than 2,000 users Security issues May require firewall adjustments Approximately 45 cents/min. per user, although companies can negotiate better rates Licensed Ability to control and monitor usage Cost-effective for companies with more than 2,000 users Increased demands on network Requires multiple servers for secure internal and external use Software starts at $1,500, not including server and upkeep costs Videoconferencing Best with: Unknown parties Over ISDN Proven to work 87% of the time Tools are getting easier to use Fails 13% of the time Multiparty calls need outside facilitation $5,000-$10,000 per location in hardware Line costs of $30 to $4,000 per hour for multiparty calls Over IP More cost-efficient than ISDN if you have the network in place Allows for convergence with data Great image clarity High bandwidth requirements Quality of service varies $5,000-$10,000 per location for hardware Requires a large infrastructure investment Related content brandpost Unlocking value: Oracle enterprise license models for optimal ROI Helping you maximize your return on investment of Oracle software program licenses is not as complex as it sounds—learn more today. By Rimini Street Oct 02, 2023 4 mins Managed IT Services IT Management brandpost Lessons from the field: Why you need a platform engineering practice (…and how to build it) Adopting platform engineering will better serve customers and provide invaluable support to their development teams. By VMware Tanzu Vanguards Oct 02, 2023 6 mins Software Deployment Devops feature The dark arts of digital transformation — and how to master them Sometimes IT leaders need a little magic to push digital initiatives forward. Here are five ways to make transformation obstacles disappear. By Dan Tynan Oct 02, 2023 11 mins Business IT Alignment Digital Transformation IT Strategy feature What is a project management office (PMO)? The key to standardizing project success The ever-increasing pace of change has upped the pressure on companies to deliver new products, services, and capabilities. And they’re relying on PMOs to ensure that work gets done consistently, efficiently, and in line with business objective By Mary K. Pratt Oct 02, 2023 8 mins Digital Transformation Project Management Tools IT Leadership Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe