MAD Perspectives Blog

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 Enterprise Video

Peggy Dau - Wednesday, April 28, 2010

Video has been utilized by Fortune 500 companies for many years.  The benefits it provides are numerouse and number of vendor, providing video centric solutions to small, medium & large companies, continues to grow.  That said, many companies don't necessarily use video to its best advantage and/or don't measure the ROI or don't align their use of video with key goals. 

I'm a big fan of enterprise use of video as there is no other medium that provides the same value as video.  Video is far more memorable than text.  Studies show that one minute of video is equal to 1.8 million words.   People remember 50% of what they see and hear vs. 10% of what they read. With that said, there are still many companies that don't have a strategy that incorporates video.

The Aberdeen Group recently released a complimentary report, "Business Class Video", that provides some excellent insights on how video is being utilized, what Best in Class companies are doing that differentiates them from the rest and recommendations for incorporating streaming video and/or video conferencing into your business strategy.  You can download the report on their website, but here are a few tidbits:

- 100% of Best-in-Class companies can measure the ROI for their video solutions vs. only 36% of Industry Laggards being able to measure ROI

- Learning & Development departments lead the way in the use of video solutions

- Lack of organized strategy is the top challenge for companies considring business video

This aligns with MAD Perspectives goals to help clients align their strategy for digital media with their business goals.  (And, in case you are wondering, there is no paid relationship between MAD Perspectives and The Aberdeen Group).  Defining relevant metrics (i.e., cost savings, reduced carbon footprint, qualified leads) based on the goal  (i.e., reduce travel, going green, increase sales) will enable companies to easily justify the investment in in-house, hosted or Saas video solutions.

Check out my FAQ section for more information on different types of video solutions and vendors.

Do you use video?  How do you incorporate video into your business?  Can you measure your ROI? 

What's your perspective?