Day: May 27, 2020

Why Virtual Events Make A Lot Of Sense

Are virtual events the future of events? Much of our lives has moved online, and going to a big event just doesn’t seem appealing anymore. Work travel is always difficult and it’s becoming more difficult. This means that all the huge events like continuing education seminars and conferences are going to be in trouble if they don’t adapt. Virtual conferences can be just as engaging, if not more engaging, than in-person conferences. So why isn’t everyone doing virtual conferences?

Big Conferences Can Be A Waste Of Time

big conference

Going to a big conference can be fun and exciting, but how much value are you really getting from it? Oftentimes, huge conferences and events draw exhibitors and vendors from many different related fields. While you may be there to learn about specific developments in your own field, you often have to sift through about 90% content and exhibits that are not relevant to you.

This leads to a lack of engagement in the events overall because people scan the booths or scan the lectures, don’t see much of anything that really applies to them, and then go to a museum instead after attending maybe one lecture. Not that it’s bad to take in the local sights when you are at a conference, but if you can’t get people to engage in the conference at all, what’s the point?

Large conferences can be a boon to many businesses. These types of events add $1 trillion in spending to the economy each year, including airfare, space rental, hotel stays, dining, transportation, and more. But with big economic impacts come big economic losses when things go wrong. Some people derive a great deal of value from such conferences, but there’s probably a better way to get engagement and more bang for your buck.

Going Virtual Isn’t What You Think

Virtual events have been around for a long time, but no one has really noticed until recently. They are more than just Zoom meetings with a thousand tiny heads, too. Virtual meetings and conferences can have all of the major parts of an in-person conference but can be done in a way that participants engage with each other online.

With virtual conferences, attendees can fill out a profile that will be used to match them with the content that is most relevant to them, as well as to the people who would be most valuable to their networks. Attendees can experience lectures, panels, and group discussions virtually, and do so without having to leave their homes and offices.

What’s more, 80% of those who attend virtual meetings and conferences say they are just as engaged, if not more engaged, than they have been in in-person meetings and conferences. While there are some things lost when you don’t attend in person, you can still derive a great deal of value from a virtual event with lots of benefits to boot.

Benefits Of Virtual Events

virtual events benefits

Think about how much it costs to go to a big summit or conference for work. There’s the price of the tickets, which can often be in the thousands of dollars. Then there’s the cost of travel, including airfare and ground transportation, which can also be more than a thousand dollars. Then you have lodging and meals, entertainment, and more. It can cost thousands of dollars to go to an in-person conference that might not even be totally relevant to your business.

Virtual conferences are significantly less costly than in-person conferences. The ticket prices are cheaper, but it’s also more affordable for the organizers to put together, so they can often spend more on talent like keynote speakers. Events can be more focused on one area of a field rather than being a catch-all to draw the biggest crowd.

On top of all these benefits, virtual conferences can legitimately claim a much smaller carbon footprint than large in-person gatherings because most people don’t have to travel to attend.

Are Virtual Conferences Here To Stay?

Now that we have easy access to all of the technology we need to make these virtual conferences a reality, more people are going to be choosing the ease and relevance of virtual events over the hassle of travel and the costs associated with in-person events. Learn more about the shift toward virtual events!

See Also: 5 Remote Collaboration Challenges and How to Overcome Them

The post Why Virtual Events Make A Lot Of Sense appeared first on Dumb Little Man.

Ola Electric acquires Etergo, to launch own line of electric two wheelers this year

Ola Electric, the EV business that spun out of the ride-hailing giant Ola last year, has acquired an Amsterdam-based electric scooter startup as the Indian firm looks to locally produce and launch its own line of two wheelers as soon as this year.

The Indian firm said Wednesday it had acquired Etergo, a Dutch firm that has built a scooter that uses swappable, high energy battery that delivers a range of up to 240 km (149 miles).

Ola did not reveal the terms of the deal, but Etergo was valued at around $90 million in its previous financing round, a person familiar with the matter told TechCrunch. The six-year-old startup had raised €20.3 million from the market before its acquisition today, according to Crunchbase.

Etergo’s electric-powered two wheeler

The Indian firm, which gained the unicorn status last year when it raised $300 million, said it plans to launch its electric two wheeler in India next year, though TechCrunch understands that the company is internally hoping to reach the milestone by end of this year.

“This acquisition will further bolster Ola Electric’s strong engineering and design capabilities with the Etergo team’s extensive vehicle development experience with leading automotive companies like Tesla, General Motors, Ferrari, Jaguar, and BMW. Etergo’s team will continue to be based out of Amsterdam as they join Ola Electric,” it said in a statement.

More to follow…

Disney’s ‘Zenimation’ is the most soothing way to beat lockdown fatigue

Disney's 'Zenimation' is the most soothing way to beat lockdown fatigue

Like a lot of us right now, I was frazzled and bored and fed up with TV the night I clicked on Zenimation, a series of shorts that launched on Disney+ over the long Memorial Day weekend. My mind was open; it was also skeptical. There was no original animation to be found in the series; this was simply snack-sized chunks of Disney animation from across the years, arranged thematically into 10 episodes of around five minutes each. How could that not come across like a greatest hits compilation at best, and a 50-minute trailer at worst?

Yet once I’d blasted through the first three episodes, simply titled “Water,” “Cityscapes,” and “Discovery,” I found a level of peace and calm I haven’t felt since the coronavirus pandemic began. And that’s coming from someone who has been meditating more than normal since quarantine began, even running a global meditation contest over Zoom.  Read more…

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