Virtual Reality Business

Virtual Reality technology is a powerful and significant trend at the moment. It has transformed our lives and continued to reshape a much larger proportion of companies in a wide range of business verticals. Today’s companies have golden opportunities to take full advantage and create value with that technology: businesses can craft user experience (UX), provide virtual training courses for their workforce and present their products or services in an entirely new way. Do you know what opportunities emergent virtual reality (VR) provides for businesses in 2019? Let’s find out!

How to apply virtual reality technology to drive success and revenue in business?

We have provided just four of the many ways for companies that understand how VR can help to drive revenue and success. Let’s delve into details!

#1. Speed up communication and collaboration within the workforce

Collaborative VR solutions allow your teams to collaborate in an entirely new way. Every team member can join a meeting from his workplace or home, and your team can meet and visualize relevant 3D data from anywhere. This lets them meet more efficient, use their time more productive and saves travel expenses. As an example Cisco Spark VR enables teams to communicate, meet and collaborate in digital form rather than send countless emails or messages to each other.

#2. Provide training

Training workforce is not a problem with VR solutions. Business leaders can fully engage their employees in a virtual or online world to present them with through scenarios or job challenges they can encounter in reality. As a result, they can save a lot of time and money and get more experienced employees. For instance, using 3d headsets app like Oculus Go, STRIVR Enterprise is helping teach employees about new technology, customer service skills and compliance.

#3. Visualize data

With VR-based solution, it is possible to present data in 3D and dynamically interact with them. Data presentation with the help of VR discovers insights into operations and procedures finding out potential or suspected outliers in business data. An example is Virtualitics platform in which users can view, analyze, and work collaboratively in their own VR space making sure that data analytics fulfills the business needs.

#4. Deliver better CX

VR offers every business the chance to rethink how they convey a message to their consumers. It helps to promote a range of products in an entirely new way. As an example, Marxent’s Visual Commerce application allows customers to select from thousands of products from different manufacturers. Then they can add these products to the design as virtual 3D objects to understand whether it matches the range of colors in their apartment and then make a decision to purchase.

Bottom line: VR or not to VR?

Many companies have already understood what benefits virtual reality offers. Whether you’re building a stronger connection with your customers or improving training course for employees, virtual reality (VR) solution should be at the top of your list of technologies to focus on. VR offers powerful capabilities for organizations of all sizes that are willing to make significant progress and increase ROI. Make no mistake and implement VR technology to flourish your business and boost revenue.

The author: Andrew Lozun (Chief Innovation Officer), ServReality company (