How is VR Changing the World? That’s exactly what we’re going to discuss today. VR carries a wide variety of personal, entertainment, and enterprise benefits that are only going to continue to grow over the next several years.
In the continuously progressive world of emerging technology, virtual reality has truly developed into more than just a source of entertainment, but also a powerful tool. Oftentimes, when people think of VR, they often think about headsets and video games, but what many don’t realize is how integral of an asset VR can be in so many other areas of work and life.
As emerging technologies grew rapidly during COVID, VR has gone from a desired attraction to a household entertainment tool. In 2020, the virtual reality market was valued at $15.81 billion and is expected to exceed $28 billion by the end of 2022. As seen by its prevalent success, it’s safe to say that VR is here to stay—but how exactly is it changing the world?
In this article, we will explore how VR is changing the world by:
- Enhancing education
- Transforming industry training
- Facilitating virtual site meetings
The growing popularity of VR use for education garners interest from students and teachers alike. When it comes to using virtual reality to enrich classroom environments, the possibilities are endless. Students are able to use the innate suspension of disbelief that comes with VR/AR use to learn about various subjects in a more in-depth way. Currently, VR is leveraged at all levels of education today including K-12, higher education, and vocational training. VR allows students to learn from remote locations in a more immersive and engaging way.
Transforming Industry Training
In addition to creating more enriching learning environments from anywhere in the world, virtual reality is also used to train employees more safely and effectively throughout various low and high-risk industries. As of 2020, 26% of businesses use VR/AR to train employees, and 91% plan on implementing AR/VR training. Not only is VR becoming a popular tool for workplace usage, but it is also improving the quality of workplace training. A recent study shows that VR training has a retention rate of 75%, much higher than the retention rate for lectures (5%), reading (10%), and audio-visual learning (20%). VR, together with learning management software delivers multiple benefits and is, without a doubt, helpful in training.
Facilitating Virtual Site Meetings
As VR continues to evolve into a productive education and training tool, its overall impact on the workplace is evident. Now, organizations can replace traditional site meetings with VR-enabled remote collaboration. This allows a more integrated form of collaboration without the hefty price tag and inconvenience of traveling to meet in person. With the use of this immersive technology in industry training and operations, virtual reality creates safer working environments, boosts company culture and employee morale, streamlines everyday workflows, and creates more effectively trained individuals. All of these benefits can lead to greater success and higher quality outputs within respective industries and workplaces.
The Bottom Line
VR is an impressive tool that simulates 3D environments in which users can immerse themselves in and interact with in an engaging and surreal way. The success of VR is shown through its abundance of applications and purpose. It is no secret that VR is elevating experiences and transforming industries, proving its potential more and more every day. At Avatour, we actively use VR technology to bring people together, optimize operations, and create a world beyond distance.
Avatour is helping businesses redefine their operations by reducing distance as a barrier to collaboration. Our 360-degree remote collaboration platform allows users to join virtual tours, trainings, and inspections via web browser or VR device.
Using off-the-shelf 360-degree hardware, collaborators, employees, stakeholders and more can meet face-to-face. Wherever they are in the world they can gain a complete understanding of a given physical environment.
To learn more about what our platform can offer your business, click here to book a demo.