Bingo is right, TRE.

The "how often you do X" multiplier is just as important as the "how efficiently you can do X" factor, and it's often the easier of the two to improve by a given percentage.

This is why I've been saying for some time that one of the businesses that will boom like crazy in the coming years is anything that lets businesses substitute virtual meetings for real, in-person meetings with distant people.  There are many solutions that do this already, of course, but my feeling (based on my years as a programmer, computer consultant, and technical writer and editor) is that it's still a new and immature technology.  

It's getting to the point where meeting in person is more about inertia than about necessity. We're no longer waiting for a silver bullet; the technology is already there in several different ways. Email, IM, teleconferencing, videoconferencing, video streaming, secure network traffic, and so on. Most of these technologies are pretty darn mature. You can't get by without EVER flying around, because face time is important, but companies can reduce the frequency. And they are doing so -- but slowly.

The sticking point right now is probably the human factor. Adoption is always slow to spread. Part of it is just time; you need the old guard to move on so that the new guard can adopt these technologies.

I agree with this. I co-founded a non-profit that's been pretty successful (http://crnano.org) given its small size and funding. I met my co-founder online when he wrote me about a paper I'd written.

The first time we ever met in person was more than a year after we started CRN.