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The virtual reality (VR) market is expected to be worth $30 billion by 2020. And, if we are to believe investment banker Piper Jaffray, then 500 million VR headsets will be sold by 2025! Now those are figures that organizations cannot ignore, especially when huge brands like Google, Facebook, and so on are big on VR.
VR is not only found in games and movies. It has made a noteworthy impact on workplaces too. Modern employees are totally into technology. By utilizing smart offices with high-end technologies, the best talent across industries will be attracted to your workplace.
Here are some ways VR is impacting the workplace.
With VR, employees find it easier to work remotely. They are able to spread out in terms of physical locations without having to compromise on getting the work done. Your employees need not be physically present in the room to attend a meeting. VR helps them interact with their coworkers from almost anywhere in the world. Working from home is becoming common. So, when they have a family emergency, they are not forced to choose between that important client presentation or the family event. Employees enjoy the work-life balance. For the employer, the infrastructure reduces cost. And, productivity is high because employees are happy.
The modern workforce requires flexibility. They value work-life balance and learning opportunities. This breed of the millennial workforce attaches great importance to the company’s culture when considering a new employer. VR applications offer them a lot of flexibility and mobility. Employees have the freedom to choose how they work. On the other hand, you can use VR technologies to showcase a day in the life of an employee in your organization. Give them a virtual tour of your premises and departments. When the expectation is set, both the employee and the employer know what they are getting into. This will result is lesser turnover.
Organizations like Raytheon and Boeing have already given a shot at this. They have used VR simulation technologies to help design digital prototypes. Many industries are using this technology to come up with accurate prototypes faster, such as the car industry. With VR, you may completely eradicate the need to create clay models. Instead, you can create a life-size version of the designs. You don’t even need a 3D printer to interact with your 3D model products. You can test your creation in the virtual space and collaborate with your peers and clients all over the world. This reduces costs and eliminates risks.
There are certain jobs that, if not done properly, may endanger lives. For example, surgeons need to be really precise with their work. A tiny mistake can cause damage to life. But, how can they train for the job? They cannot practice on humans! This is where VR technologies step in. It provides a real-life environment where they can practice the surgical procedures without any inhibitions. Even if they go wrong, there is no damage. They can make mistakes and learn from it. Same applies for other hazardous sectors like construction.
VR is a great tool to demo your business to clients. Take real-estate for example. You do not need to take the client physically through the property. Instead, take them on a virtual tour of the condo or the commercial space. This benefit is not only limited to real-estate. You can showcase products in a simulated 3D environment too. You save travel and infrastructure cost and finally improve margins.
VR has huge potentials for corporations. The adoption, so far, is relatively slow due to several reasons. But with the ever-changing demands of consumers and workforce, organizations are warming up to explore how VR can help them improve their business processes.
Designing Digitally, Inc. is a leader in developing immersive and meaningful learning solutions which utilize VR. This learning approach is one of the newest platforms to reach the training realm and, without a doubt, will continue to grow and impact corporate education in the future.