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In an attempt to reduce costs and carbon emissions, a number of UK financial businesses including Ernst & Young are experimenting with holding business conferences through PlayStation Home on the PS3.

To quote: In an effort to cut costs and reduce carbon emissions, UK financial services businesses, including Ernst & Young, are to trial holding management conferences through PlayStation 3's new virtual world Home.

The move is part of a project led by Dr Nipan Maniar and Manish Malik from Portsmouth University, which was commissioned by Advanced Workplace Associates and aims to explore how large companies can use virtual worlds to reduce costs on office space and travel, as well as their carbon footprints.

Other firms taking part in the project include Microsoft and Merrill Lynch. Managing director of Advanced Workplace Associates, Andrew Mawson, said:

"Increasingly we are living in a world without borders where workers need to collaborate on a global scale.

Audio and video-conferencing solutions have emerged but the use of virtual worlds may offer the next evolution in overcoming the tyranny of distance - a more realistic and learning-enhanced environment."

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Ernst & Young to Use PlayStation Home for Virtual Meetings

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