Virtual Reality

Virtual Reality
Virtual Reality

The power of Virtual Reality can be easily underestimated when assessing your digital transformation projects, potentially written off as a ‘nice to have’ or considered for end-consumer use only. We beg to differ.

Our clients regularly experience the impact that these technologies can have in empowering decision makers. One of the great values of using Virtual Reality is the understanding of real dimensions. The 1 to 1 scale and the feeling that you are actually located in another space gives you a much better understanding of that space. This can be of crucial importance, for example when designing spaces or in understanding complicated equipment.

Virtual Reality can also be an extremely powerful tool for staff training or onboarding. Especially when it is difficult, expensive or dangerous to bring trainees to your assets or your assets to trainees.

To mention a few diverse use cases from our clients: Virtual Reality training for launching a life-boat of a ship, getting a better understanding of all equipment located on an oil rig or making yourself familiar with the upgraded Business Class of Singapore Airlines.

By making your staff interact in the actual (virtual) environment, training becomes much more realistic and engaging. Studies have shown that Experiential Learning increases retention levels significantly. At the same time it is much more fun for the trainees, it’s cost effective and valuable data can be generated.

Many industries have embraced innovation and adapted some form of Virtual Reality already. Solutions for marketing, (re-)design of equipment and processes, training, e-commerce and many more have been implemented already.

The global Virtual Reality market size was valued USD 10.3 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 21.6% from 2020 to 2027. (source: Grand View Research) Virtual Reality is not a futuristic gimmick anymore, it is here and it is here to stay.

Silver Wings XR can help you to identify the right solution for your business.   

Author:

Olaf Kwakman Managing Partner at Silver Wings XR Pte. Ltd.

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