Virtual Reality Success for Business

Seldom has the road to fame and fortune been so well paved as it is for those businesses that will drive the VR revolution. The signs are all there. The direction is clear. A wealth of virtual reality induced business opportunities lie just ahead,

And there really are few limits. From gaming to healthcare to business meetings and beyond, virtual reality stands poised to touch every area of our lives. Let us take a look at 5 sectors that could really use VR to launch themselves into greatness.

1. Education

It doesn’t take a futurist to understand how virtual reality could transform education. From K-12 to university level and right on to continued education, there is no sector of education that cannot benefit from VR technology.

A virtual reality classroom would allow kids to fly through space to witness the formation of stars, shrink down to inspect the workings of the human body up close, and do everything in between. These are just two examples of what virtual reality in the classroom can do. Let’s be real. Learning about the Colosseum virtually, like Unimersiv has done beautifully, is likely to make more of an impression on any teenager.

The reason educational institutions will ultimately adopt VR solutions is because they will improve learning. Evidence suggests that VR-aided education increases attention by 92% and test scores by 35%. This translates into a higher quality education for students and a higher attraction rate for schools.

2. Events

Virtual reality is writing its own ticket as the new way to enjoy events. Sports, musical performances, news events, and even theater productions are being added to the list of content now available through streaming VR. Live or recorded it does not matter.

The market is diverse and any event can be streamed in VR. Businesses can monetize this through online ticket sales, sponsorships, advertising or brand building. The VR experience will bring event goers around the world without the need to leave their homes.

Here is more about the technology we use. The amazing Nokia OZO!

3. Real Estate

Those days and hours spent being carted around by your realtor could be far more focused and productive if you could walk through a property before an actual site visit.Yes, you have probably seen 360 Virtual Tours on many realtor sites, however, those images are static pictures. Imagine how much more compelling the experience would be if it felt like you were actually walking through the property?

Imagine if there was a way to walk through the property without ever leaving your desk, just think of all the great things you might accomplish with all that extra time.  For the realtor, it increases the possibility of a sale, being able to show the site to more people in more places, and to allow them to focus on more serious buyers.

The buyer is happy, the seller is happy, the realtor is very happy. Everybody wins!

Not sure you see it? Read more about the applications here.

4. Healthcare

Healthcare professionals require a vast amount of professional experience and skill, especially if they are in surgical or trauma-related sectors.

In most cases, acquiring real world experience on-the-job simply isn’t feasible, as every decision could mean the difference between life and death. With virtual reality, medical professionals are able to explore every procedure and learn how to care for patients without any risk involved. They can also participate in realistic tutorials that allow them to interact with the objects.

In essence, Virtual Reality training provides healthcare professionals with the hands-on online training they need to provide the best quality of care for their patients. This also translates into lower liability insurance costs and fewer cases of malpractice and negligence.

And this is only on the training side of things, the patient side of VR can even go well beyond what Google tried to do with Google Glass several years ago.

 

5. Hospitality / Tourism 

How many of us have used Google Earth and/or Google Maps to explore foreign destinations? Pretty cool, huh? Enter Virtual Reality. VR takes exploration to a whole new immersive level by allowing us to walk around in faraway destinations.

Travel agents can take a tour of accommodations to determine if they are recommendation-worthy, or go on an hour-long cruise around the Mediterranean before they book the real thing for their clients. Or families can check out an area’s tourist attractions before they decide where they want to go.

Visit Tampa Bay 360/VR — Behind the Scenes from Mad Bear Productions on Vimeo.

Keep in mind that these are just a few industries that can benefit from Virtual Reality training. Because of its versatility, VR technology can be used in (wait for it…) virtually every niche. If you have a question about virtual reality, reach out!

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About the Author: Roshni Hannon
Contact: roshni@madbearproductions.com

Her name means “light” and that is what she is… high energy, bright and fast. And yes… she does run regularly. While we’re not sure what she is running from (perhaps her two young kids) we know she’s covered a ton of ground. She was the Executive Producer for an award winning and number one rated morning show in Tampa for years. And now, she uses her unique blend of organization, storytelling and curiosity to help Mad Bear clients find their stories. Think of her as an architect, a story architect.
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