The Singaporean economy revolves around its service sector, with many multinational companies (MNCs) setting up their Asian headquarters in the country. In spite of being a small nation, Singapore has a resilient economy. Relatively low inflation rates, skilled labour market and low interest rates make it a preferred destination for international firms. Several conference service providers are offering reliable solutions to meet conferencing demands.

The communication solutions provided by conferencing service providers (CSPs) have proved their efficacy in streamlining activities in both small, medium as well as large-sized businesses. Companies can choose to have operator-assisted virtual events for hosting a high profile meeting or use on-demand sessions for impromptu meetings.

Organisations involved in rendering virtual events solution are supported by teams of highly qualified engineers and telecommunication professionals.

Making use of efficient conferencing solutions, marketing department can easily collect clients' feedback without travelling to any distant locations. Further, professionals working at finance and accounting departments can hold business meetings with stockholders and investors via phone conference or interact with them face-to-face using video conferencing. The human resource managers can interview and recruit potential employee from almost any country without incurring travel expenditure with the help of collaboration services.

Though every organisation has an in-house training and education cell, specialised inputs from mentors are important for all budding professionals. It is essential to groom and train new employees, which can be a problem if all of them are not present at the same location. This problem can be easily solved with the help of effective conferencing solutions as trainers need not travel to every office for providing training to new employees. They can remain at one location and host collective training session with remotely located employees using high end audio, web and video conferencing services.
For security protection participants are provided with Login PINs and passwords. This assures corporate firms that their data remains secure when the virtual event is hosted on a private server. It has been one of the reasons that Singaporean companies have been adopting these conferencing solutions at a steady pace.

Remote collaboration is a phenomenon that is not limited to just corporate sector. Several leading universities and colleges are building global tie-ups and collaborations. Prominent institutes based in Singapore are either setting up full-fledged campuses abroad or signing Memorandums of Understanding (MOUs) with foreign institutes. However, global educational environment, powered by reliable audio, web, and video conferencing solutions, paves the way for efficient knowledge transfer. Faculties based in home campuses of these institutes can confer and collaborate with students in the offshore campuses, via conferencing.

Author's Bio: 

Lee Mark is an experienced writer having more than 10 years of experience in writing articles on various topics such as video conferencing, Virtual Events and Conferencing etc.