Firms in the Information Economy Are Increasingly Replacing Business Trips with Digital Conferences

In the current debate on climate protection, an increasing amount of voices are calling for a step change in politics, public administration, and firms away from business travel and toward more phone and video conferences. Firms in the German information economy have already started to implement this change. Around 57 per cent of companies in this sector have replaced business trips with digital conference solutions in the past three years – this decision was, however, driven by economic rather than ecological reasons. This is the result of a special assessment included in the current Sector Report on the Information Economy, for which the ZEW – Leibniz Centre for European Economic Research in Mannheim surveyed around 1,000 companies in the German information economy.

Among the around 57 per cent of companies in the information economy that have already replaced business trips with digital conference systems, it is particularly large corporations with at least 100 employees (around 84 per cent) and companies in the information and communication technologies (ICT) sub-sector (around 77 per cent) that are opting for phone and video conferences. By contrast, knowledge-intensive service providers, such as law, tax and business consultancies, architectural and engineering offices as well as the advertising industry and market research companies have been the least likely to renounce business trips.

Almost all companies in the German information economy cited the time-saving aspect as the main reason for replacing business trips with digital conferences, while 88 per cent still named the saving of costs arising from business trips as an important reason.