Google is launching Google Video for business, a customized video platform aimed at businesses for internal use. Google is targeting Heads of training and HR and anyone that uses internal videos at the company. The product will be included in Google Apps Premier Edition for free, with 3 GB of storage per user account.

This is a “Zero billion dollar market today” said the director of product management Matthew Glotzbach in a briefing about the product. “But we will change this and Google video for business will be easy to use.” See Google Video Overview here.

These videos will basically have the same features and limitations as YouTube, including upload size and file type limits. Videos have access control, even if they are embedded outside of the intranet or Google Apps, and can be tagged and commented on just like YouTube. These videos are quick and easy to create and can be uploaded and shared in a number of ways: for training, to communicate end of quarter results, to showcase employee achievements and finally just for some laughs and fun during a stressful overworked the day.

So, what do you think as head of training or Human Resources at your firm? How will you use this? Will this replace your in-house video production crew? Will you use video more in video sharing sites to describe a new service or for quick updates?