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7 Reasons Why Virtual Reality is a Becoming a Grand Slam in Business

7 Reasons Why Virtual Reality is a Becoming a Grand Slam in Business
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Virtual reality is no longer a concept that is only seen in the movies. It is actually a common element in businesses that are able to incorporate it into the way that they work, often times to benefit their own employees, clients, and customers.

The immersive experience is able to connect individuals to various elements in the world that will directly affect their own lives. The advantages of virtual reality are no secret, and VR is on the rise for many types of businesses, for many different reasons.

1. The Ability to See All Angles

When a business produces a product that their customers might not be able to see from all angles or physically touch prior to buying, they are two important drawbacks.

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Virtual reality allows customers to get a very specific idea of what the product is like by placing it into their hands, virtually, so that they can experience it for themselves.

2. Virtual Prototypes

The ability to create a virtual prototype dismisses the need to fork out the money to have a physical prototype produced.

The virtual model will allow the creator to examine the model and make any changes necessary prior to having the expense of manufacturing a physical model. Virtual prototypes can also be shared with more people than a physical prototype that may have just a limited number of units produced.

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3. Teaching About Large Equipment

When employees are able to experience how to work equipment without having to touch it, this will minimize the chance of something going wrong.

The employees will gain hands-on experience and education through a simulation and this will reduce the risk of damage to expensive machinery. Unskilled individuals run the risk of putting themselves in a hazardous situation when operating a piece of equipment that they are not familiar with.

4. Virtual Engineering

Virtual engineering will help to save time and money for professionals like architects and engineers who construct physical models to show their product or idea.

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Virtual reality eliminates the need for a two-dimensional rendering or small model by producing technology that is three-dimensional and immersive in order to produce structures that can be viewed and critiqued from many perspectives.

5. Enhancing the Customer Experience

Adventure-based business or those that focus on tourism are able to give their customers a sample of what they can expect when they visit an attraction. Amusement parks can create short virtual versions of their rides so that customers can decide if they would like to go on it or not.

A tourism business may offer hikes or zip lines, and creating a virtual reality version of these can coax individuals to take the leap and go on the adventure, and create excitement around going if they’ve already decided to go through with it.

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6. VR Meetings Reduce Travel

Many businesses have to work their plan around keeping their travel expenses within a tight budget, but when you’ve got clients throughout the nation or world, this may be hard. Even more so, commuting and long distance travel take up precious time, and everyone knows that time is money.

A virtual reality meeting will ensure that a face-to-face meeting can take place, nobody will have to leave their own home or business, or they can even work while traveling. They can relay all of the important information without the worry of losing time before or after the big meeting.

7. Virtual Tours

This is one of the biggest impacts that virtual reality has on businesses. One example is that of a real estate agent showing homes to potential buyers that are not in a position to physically visit the property.

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The virtual tour can give buyers an idea of what a home looks like in a realistic setting without the need to actually visit the place. Additionally, an agent may use the same tour for multiple clients, saving themselves time and money by not physically visiting the location.

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Last Updated on December 18, 2020

Can Technology have Biases Like Humans?

Can Technology have Biases Like Humans?
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Technology has taken a vantage leap in providing solutions for man. Before now, technology used to appear complex and would require a great deal of expertise to handle solutions available. Today, we have technology applicable in the simplest human activities as smart products with intelligent algorithms powering them as they make error-free judgments and provide intelligent and analytic solutions.

Does technology have all the answers?

This article from Credit Suisse, tells us that technology does not have all the answers because it has been found to exhibit “similar biases,” as humans. No one can discredit the impact of technology, but it is not totally free of human input and this is the reason we experience these biases in many areas we have technology holding foot.

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Creating technological solutions transparently

This article suggests that the process of creating technological solutions be made transparent and subject to contribution from many people who would end up as users of the product – male, female, young, old, learned, unlearned and all other preferences as we have them. It also underscores the importance of having women on product development teams. This approach is not sure to eliminate all forms of bias, but it is a good way to start in order to appraise the full benefits of technology.

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Technology as the connecting tool

Technology so far has been a major connecting tool amongst us humans. It is used and appreciated by all regardless of race, language and sex. In order to keep it less subjective to these arguments about human biases. I believe we should gather opinions on products and solutions before making them available to the public. This could be done by gathering input from intended target users and receiving feedback across the stages of production.

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“Recognizing the problem is a start…success will depend on inclusive technologies that meet this vast untapped market.” This cannot be more apt especially at a time when we look up to technology for solutions. We should not muzzle our progress with technology by battling algorithm bias. The first way to avoid this battle is by reading this article here.

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