Technology is going through a period of major advancements. Augmented reality, robotics and automation are now becoming increasingly commonplace in everyday applications. Even artificial intelligence, something which just a few years ago was the stuff of science fiction can now be found in the form of chatbots on bank websites and live dealer online casino games. Now, there’s a new arrival on the scene that’s presenting some exciting opportunities for keen entrepreneurs – virtual reality.
VR has been touted for some time as one of the technologies which is most likely to have a major impact on how we work and live. Solutions which enable humans to immerse themselves in an amazing computer generated virtual world are increasingly being adopted in both industry and entertainment alike.
It’s likely that in the next few years, virtual reality applications are going to become even more sophisticated. Devices will become more powerful and more able to create high-quality visuals. We’ll also develop a greater understanding of how we can navigate virtual environments and interact with them so that more natural methods can be developed to explore the virtual space. So, how can virtual reality bring your entrepreneurial business ideas to life?
VR Will Increasingly Be Enhanced With Artificial Intelligence
VR developers are sure to start building even more cognitive, smart functionality into their applications. Computer vision is an AI technology that enables computers to actually understand precisely that they are looking at through a camera. This technology is currently under development and the machine learning algorithms which enable those features are already becoming more capable and sophisticated.
Virtual reality is all about putting humans into virtual environments. It’s highly likely that those environments as well as their inhabitants will become more intelligent over the years to come. More voice control will almost certainly be included thanks to artificial natural language processing and this will increase immersion due to a reduced reliance on menus and icons introducing into that virtual environment. More than that, VR gamers will face increasingly challenging opponents who will react more effectively and adapt to the individual player styles.
When these applications are applied to business ideas, we can see that there’s a world of potential.
Using VR In Teaching And Training
One way in which virtual reality can be harnessed to bring business ideas to life is in the training and education sector. Virtual environments can enable students to work on a range of tasks which would otherwise have posed a risk. Surgery, flight and construction are just three of the obvious options that would be suitable for this type of virtual training.
In fact, this type of virtual environment training is already taking place. Walmart invested in 17,000 Oculus Go VR headsets so that its employees could be trained more effectively in a host of skills from customer service to compliance. The US Army too have brokered a deal with tech giant Microsoft so that its HoloLens technology could be used for military training.
As VR advances and technologies improve still further, more industries will be able to adopt the potential of this technology to facilitate education, training and learning in a setting without any risks of damage, harm or failure.
Increasingly Social And Collaborative VR Environments
After Facebook (FB) bought Oculus back in 2016, it became clear that this leader in the social media sphere believes VR will be vital to how we constructed a shared online environment. Virtual conference calls can help to bring business ideas to life, allowing workers all over the world to connect with each other in a virtual physical space to interact physically with each other in real time.
Facebook is pioneering a Spaces platform which enables its users to socialize and meet in virtual reality. Meanwhile, Tencent is also considering adding virtual reality into its WeChat mobile messenger system – the world’s most frequently used messenger app. When we combine this with the increase in sales of VR headsets, it’s clear that the future of enterprise will involve meeting and interacting with others in the business world (as well as the personal one) in virtual reality.
Collaborative design will also become increasingly possible thanks to the power of VR. Those who have business ideas for a product will be able to work together with their colleagues in a shared virtual space where all can interact with the product design in question and make their own independent input while discussing and sharing information together in real time and in a virtual physical shared space.
Bringing Business Ideas To Fruition
The potential of virtual reality in the business world is extremely exciting. Entrepreneurs in a wide range of industries are looking on with bated breath to find out what the next steps in the development of VR will include. However, without a doubt, those advancements will lead to even more possibilities for startups and existing businesses everywhere to bring new ideas to fruition.