Virtual Reality (VR) means the experience of being absolutely immersed in a purely virtual world. With specialized software and sensors, the virtual experience becomes reality. Usually, virtual content is improved with 3D spatial sound. It is very complex to unambiguously evaluate the present state of the world’s VR market. According to many professionals, VR has the potential to become one of the zenith breakthrough technologies of the next decade. The forecasts of various research centers consistently show that Virtual Reality may become a new turning point for the advancement of multimedia technologies. The Insight expects the quantity of sold VR devices to grow from 2.5 million sold in 2015 to 24 million in 2018. According to CCS Insight, in 2018, smartphone-based devices will correspond to a very large share (as much as 90%) of sold VR devices. This means the approximate VR market value would be USD 18 billion.
VR is Transforming the Enterprise
While most people are excited about using VR headsets for immersive leisure and gaming experiences, a completely separate audience is busy building the future of business with the same technology — the enterprise. The ventures might not be what you expected, but what’s exhilarating about the market opportunity is the prospect of transforming industries like medicine, education, manufacturing, engineering, real estate and more.
From enabling teams to work effectively in generating new methodologies for accomplishing business goals and expanding collaboration, the advantages that VR is conveying to the universe of business is immense.
Real world Scenario
- Virtual reality is right around the corner and it will have far greater implications when fused with the Internet of Things. To understand it better imagine a large institute looking to launch a branch overseas, in a new market that speaks a diverse language. Virtual reality can be used for cross-cultural management preparation to reproduce a virtual cultural space – while at the same time using IoT to trace which employees react better to living overseas.
- IoT has the potential to produce an enormous amount of big data – and when this data is shared with virtual simulations, it allows companies to make smarter decisions. This could range from choosing the best hires, training, and selling of products. Product teams all over the world can use VR to optimize design, manufacturing, product engineering, and operations. So, in the place of spending several hundreds of thousands on building a physical prototype, manufacturers can now have VR labs where they can virtually test new designs. The possibilities of VR in the enterprise are infinite, and in multiple ways, it will redesign the businesses.
- Retail is another sector which could observe some very thrilling VR developments. For several years, e-commerce has been mounting. Now moving to mobile devices, the immersive experience of physically visiting a store has constantly been missing. With VR that could all transform, as VR-equipped computers might become the business’ virtual shopping environment.
VR making today’s businesses smarter
It has the perspective to entirely revolutionize architecture and the built background. One can construct architectural visualizations to facilitate others recognize the design concepts or to help pre-sell and endorse a new building progress project saving millions.
Let’s look at some of the industries making their strides in using virtual reality to improve business.
Real Estate
The real estate sector has never been known for embracing new technology, but that’s finally starting to change. Brokers and developers are using virtual reality tours to speed up leasing and sales. VR software and 3D modeling programs are available which helps companies to market their projects even before they get started and provide the customers with immersive 3D simulations of buildings still under construction.
Medical
Virtual training exercises will help physicians to remain up-to-date with new medical procedures and tools. 3D scans of patient bodies in a virtual environment will help to diagnose problems and plan procedures. Today many surgeons are able to do surgery with the help of VR imaging software.
VOLANSYS with its dexterity in IoT has also engrossed itself in making further developments with the support of VR, and to provide a quality VR experience to the clients we have skilled developer who are efficient in developing solid, functional and high quality VR applications which is a complex process that requires deep knowledge of real-time engines and hardware technology. We are capable of developing applications tailored to customer needs. To know more dial us on +1 510 358 4310 or drop us a mail on [email protected].
About the Author: Dhruvesh Soni
Dhruvesh Soni works as an Engineer. He contributed to design & development of cloud & software solutions as Full Stack developer. He worked on AR/VR solutions, thin client solutions, virtualization and have sound experience in product design & development. Dhruvesh is highly motivated and energetic professional, dedicated to understanding and meeting clients’ needs.
