Virtual Reality in Enterprises: Delivering the Dream

The words virtual reality, until recently, conjured up images of a technology that was still in the making. But the picture is different today. In the wake of the release of groundbreaking VR devices such as the Oculus Headset & the PlayStation VR, virtual reality is finally set to deliver on its promise. The technology has already found its place on the Gartner Hype Cycle, Gartner’s annual report on emerging tech. A Goldman Sachs research estimates that  VR will swell up to an $80 billion industry by 2025. The number of active virtual reality users is predicted to reach 171 million by 2018. Facebook, Alphabet, Sony ,Microsoft, and Apple are a few among the many industry stalwarts who have a major stake in the emerging industry.

VR is booming.

VR has been traditionally associated with the gaming and entertainment industry. The enterprise applications of VR, however, extend far beyond gaming. A Goldman Sachs forecast predicts healthcare and engineering are likely to emerge as the foremost sectors to benefit from VR.

Here are a few areas where VR is expected to deliver some interesting solutions.

Real Estate :

Real estate businesses  are fast adopting virtual reality as a sales tool. VR has met with remarkable success in the early stages of property sales. Being able to see and experience the space through a simulated layout is a significant benefit..The technology certainly does not replace a salesperson’s dialogue or pitch, but it does complement it. First-time buyers garner greater confidence in making the purchase after experiencing a first hand virtual tour of the property.

The consumer release of Oculus Rift headsets has fuelled the rise of VR in everyday life and the real estate industry is set to develop and profit from it. The real estate industry has been traditionally seen as lagging in terms of technology adoption. But the growing popularity of using VR headsets for driving property sales seems to bust this myth. VR enables you to walk around mock layouts and spaces of your to be apartment, enjoy the view from your sitting room window or look at the exteriors, jump to a different floor – over a custom interface while sitting back in your real estate agent’s office. Drones are used for capturing accurate, floor-by-floor perspectives for the simulated layouts.

The pre-purchase simulation experience is proving to be a whole lot more engaging, holistic and fun for the buyers than traditional sales and promises to win new business goals for realtors in coming years.

Tourism:

Virtual Reality is disrupting the travel and tourism scene today.

The power of VR has made it possible today for us to reach the remotest destinations across the world  without ever having to leave the comfort of our homes. With the correct equipment, you have your favorite tourist spot at your fingertips, well virtually anyway. The correct equipment these days could be something as simple as a smartphone, tablet or a PC with a virtual reality headset added to the mix. Statista forecasts a 3.6 million unit sales of Oculus Rift in the year 2016. This shows the rising trend of consumer adoption of virtual reality headsets to serve a variety of  purposes. Rapid advances in technology have improved virtual reality capabilities and popularized it as a tourism promotion tool. Scenic virtual tours are becoming a must add to the kitty of vacation planners.

You could use VR to check out a fancy restaurant or a casino or the museum you long wanted to visit, take a stroll down the cobbled streets of your dream destination, or sunbathe at your favorite beach right from your couch.

A recent Austrian job advertisement referred to VR as the mega trend of the year 2016 and was looking for a Sales Representative for Virtual Reality Tourism who would able to inspire stakeholders within the tourism sector to apply VR, the goal being to present VR as a promotion tool to hoteliers and other industry players.

Tour operator Thomas Cook has recently implemented VR through its ‘try before you buy’ campaign across select stores. It lets  travelers experience luxury vacations and also offers a detailed overview of resorts and hotels thus enabling the customers to make an informed decision.

With a perfect VR tour in place, the user feels as good as he is there — which in turn props the big question: Will people start adopting VR as an alternative to making real life trips? Experts however believe that virtual reality in the long run would simply enhance the user experience and help ramp up tourism.

Hospitality:

The massive growth of VR in hospitality has led leading names in the hospitality business to implement VR to create a number of future possibilities. For those users who do not own VR headsets, websites allow virtual 360-tours of their properties, complete with background narration and music to render a pleasant and enjoyable experience to their audiences.

Industry experts predict that virtual reality will become a multi-billion dollar industry by the year 2020. The  potential applications of VR in hospitality are many and novel – the virtual concierge, virtual attractions, virtual conferencing and more. As VR promises to open up a wide range of marketing and customer service possibilities in the hospitality space, hotels and resorts are geared up to add VR to their list of services offered.

Shangri-La Hotels and Resorts, for instance, plans to implement VR for driving  business by offering virtual tours to potential guests and transporting them to exotic and breathtaking locales such as the tropical beaches of the Caribbean or the lost ruins of the Incas in South America –  all from the comfort of their hotel room by the use of Samsung Gear VR headsets.

Marriott has launched its very own VR service called the VRoom Service which is currently in the experimentation phase. The test drive is being run across select locations wherein guests can order headsets and watch preloaded VR experiences nicknamed “VR Postcards”. These VR simulations are especially designed to inspire travel. Marriott has invested in marketing this technology  as their ‘Travel Brilliantly’ campaign. They have set up ‘Teleporters’, which are model science-fiction-inspired phone booths to “teleport” guests to a Marriott lobby and then let them experience pseudo vacations at scenic locales.

Manufacturing:

Be it design for manufacturing, design for maintenance or design for operations-virtual reality is taking the manufacturing industry by storm. VR systems are now widely used by engineers from big names in the industry like Caterpillar, General Motors, and Jaguar. VR is used for virtually “creating” products for testing purposes, factory planning, and design of layouts, production lines, and product prototypes. The technology is also used to test design principles, safety, and much more. Over the last seven years , Ford Motor Company has made VR central to its automotive development.

The adoption of an advanced 3D virtual reality environment–The Cave-by automotive giant JLR  has led it to qualitative and constructive decision making and enhanced capabilities to cope with dynamic technology and design changes in the automobile sector. The implementation of virtual reality in engineering and product design allows people to better understand and interact with product data while also facilitating communication between designers, manufacturers, trainers, marketers, and management.

A team from the Advanced Manufacturing Research Centre (AMRC) of Sheffield University envisages a futuristic VR aided shape shifting production line which rearranges itself to produce the best production line model to boost efficiency.

Defence and Military :

Virtual Reality is fast changing the way we ready ourselves for war and is being increasingly used for training the perfect soldiers. Defence ministries are today tying up with electronic firms to build simulation trainings with ready to use 3D models of tanks, guns, etc. to provide realistic war trainings, sniper trainings, parachute and flight trainings, and so on. This is an appealing way of learning, and it also caters to small details and is an effective and low cost training tool. Most defence training simulations transport the trainee wearing a VR headset into a battlefield scenario.

A large part of space training at NASA involves training in a virtual simulated environment. The major areas where NASA uses VR is for  preparing astronauts for space walks, robotics operations, situations where astronauts get detached from the shuttle, etc. VR is an important part of a NASA operation, not only before the astronauts go to space but also while they are in space.

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