Occasionally we like to throw in a newly developed word that you might not have heard yet but will probably find useful in your career. This is one of them. Telepresence is a word that has receive much more play lately due to the rockier economic times resulting from leaner operating budgets and higher energy and travel prices. This adjective (which also can be used as a noun) explains technologies and environments utilized to model in-person meetings between multiple parties through advanced, high-definition videoconference systems, whether through Internet, land line or satellite transmissions.
Example: Depending on the number of screens, higher-end telepresence systems can set corporations back from $250,000 to $500,000 a room.