The key reason why many businesses are slowly migrating towards remote meetings is to increase the strength of their remote teams so that their hiring pool is much wider than their immediate geographical location. Creating a remote team and having remote teams is not only about cutting costs. There are many companies that spend thousands of bucks every year for their remote team challenges and remote team meetings, but these meetings are over and above their other company events and annual client meetings.
Many business proprietors wonder whether there is really any kind of tangible benefit out of these remote meetings or not. They also ask whether they can get immediate financial value out of such remote meetings or not. After all, it is not unnatural for them to think about their return on investment. As far as costs are concerned, calculations have proved several times that it is definitely more cost-effective to have remote meetings rather than teams travelling to the venue to participate in meetings. Another question that is also asked quite frequently is whether remote teams really require to have physical meetings or offices at all.
Thus the remote mindset has a much wider scope than just cutting costs. In fact, when done in the right way, businesses can function more efficiently through their remote teams instead of having a physical office setup.