What is Streaming Video?  

Streaming is receiving the media straight from a server without having to download the entire file first.

Data is transferred in a continuous stream and once enough has been received, or buffered, it begins to play

The stream is controlled by interaction between the PC and the server

Downloading vs. Streaming

Downloading pulls the entire video or other media down to the PC before starting to play.

Streaming would be chosen if you:

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don't want to wait for the entire download

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want a live web-cast event

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want to schedule viewing times

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want better administrative control

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would like to protect the video