3 ways VR can benefit businesses

3 ways VR can benefit businesses

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Over the past few years, virtual reality (VR) has transitioned from a futuristic technology to an affordable technology that consumers can and do use. VR is expected to generate $7 billion in revenue by the end of this year. Moreover, VR revenues are expected to grow to $75 billion by 2021.

But, that isn’t important for us. The important thing for us is that VR is moving out of the living room and into the corporate office.

While using VR at home is fun, using it at work is another story altogether. Often difficult to put to practical business use, VR can be a creative way to engage employees and clients in a variety of ways. Today, VR can help businesses improve how teams function, and market products in more powerful ways.

To benefit from integrating VR with your business, you don’t have to be a tech-expert. However, successfully integrating virtual reality in business takes time and focus. So, if you ready to ensure that - then here are 3 ways VR can benefit your business.

Create Virtual Prototypes of Your Products

VR technology allows you to save the money spent on manufacturing a physical prototype of your product(s). Using VR technology, you can create a virtual model of your product and then make any necessary changes before paying for production. By allowing you to examine a product and making changes without spending the time or money required to build a physical model, these virtual models help your business save both time and money.

Conduct Virtual Meetings

At times, it can difficult to hold an ‘all hands on deck’ meeting, especially when people work from home, are not around that day, or are out on business trips. By incorporating VR into your business workplace, you can brighten the chances of getting everyone in the same conference room at the same time. If some employees are working from home or are out of town, a VR headset can ensure their participation in a meeting or conference by allowing them to be virtually present in the same conference/meeting room as other employees.

The Convenience of Doing Things

Using VR technology, businesses can make work more convenient, saving both time and money. Soon, business people won’t have to travel to make decisions and complete projects. With VR technology, they’ll be able to do this from their workplace or even home. For example, using virtual reality, architects from across the globe will be able to evaluate designs without having to travel.

There you have it—3 ways VR can benefit businesses. VR for businesses is the way into the future, and there is no reason for you to be left behind.

Sources:

https://www.inc.com/christina-desmarais/5-ways-virtual-reality-can-help-your-business.html
https://mammothinfographics.com/blog/4-reasons-why-virtual-reality-will-benefit-your-business1212016
http://fortune.com/2016/05/17/virtual-reality-business-growth/
https://icenineonline.com/blog/practical-examples-of-how-businesses-can-benefit-from-virtual-reality/