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The Revolution of Collaborative Consumption

Tuesday, March 03, 2015

The inspiration of the O3 Network was to be a crusader in facilitating collaborative consumption and revolutionising the way Australians work by:

  1. Uniting meeting, training and work space at the local level and making it available nationally.
  2. Climate change benefits of utilising existing resources
  3. Cost benefits associated with outsourcing meeting space.

O3 quite literally means ‘Out Of Office’. It is moving away from the static, traditional office structure and moving towards a geographically mobile way of conducting business. The O3Network is a very human tale of vented frustrations of working from the car, conducting coffee shop meetings and being evicted from public libraries for having been audacious enough to attempt to work from there! 

There has been a substantial cultural shift during our 5 years of operation. In 2010 it felt like selling ice to Eskimos trying to convince businesses that they aren’t compromising their brand integrity by utilising meeting room facilities not branded as their own. Or that they would be saving money by hiring professional facilities on an adhoc basis, compared with the overhead expenses of having vacant meeting room space within their business premise. Today, these savings and benefits are becoming more and more well known by the smarter business owners.

The O3 Network has gone from taking one booking per week in 2010 to facilitating thousands of bookings throughout its 300+ listings Australia-wide utilised by major corporations. The O3 Network is now embraced as an essential business service for many Australian businesses, particularly RTO's and professional trainers.

Some big audacious statistics for you:
  • Sydney businesses could be saving up to $1.7 billion per year in commercial real estate overheads by utilising external boardroom hire.
  • By utilising collaborative consumption of boardroom space Sydney business could be saving up to $1.7 billion per year.
  • The average boardroom is vacant for many hours per year and with thousands of businesses located within Sydney, this equates to accumulative of 155,200,000 vacant hours costing businesses $1,784,800,000 per year in unused meeting space!*
  • By utilising a boardroom as a co-working managed office an individual business can increase its revenues by $52,500 per annum*

We are proud to have been a part of discussions and the Future Shock line-up of experts in the field of collaborative consumption. Karen Lawson, CEO of CareerOne discusses the who, what, where, when and why this affects worklife and business. 

Facilitating Australia-wide meeting rooms, training rooms, boardrooms and co-working space, venues are taking advantage of having the O3 Network manage their bookable space. We arrange all facets of a booking including administration, liaising with the client and payments. Booking customers only have to choose the space or advise their requirements and our Venue Agents arrange everything for them - a win/win for all involved.

Successful collaboration - synergy - energy - connection. 



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