Top Virtual Reality Innovations for the Industry

By Media Entertainment Tech Outlook | Friday, June 21, 2019

Businesses are desirously embracing the opportunities created by the revolutionary virtual reality. Given the possibilities, it carves the brighter future of the digital world.

FREMONT, CA: Virtual reality (VR) is emerging as one of the critical drivers of the technology economy. By some estimates, the total value of the AR market is expected to reach $100 billion by 2020. It has a large number of use cases spread across many industries as it is showing the potential to solve some of the biggest problems and pain points. Some of them include

• Healthcare and Medicine

From performing complex surgeries to operating MRI equipment, VR holds the potential to fuel the depth and effectiveness of medical training in many areas. VR's educational value also extends to educating patients in the medical setting. Companies are trying to provide hospitals with customizable applications for visualizing patient health information in virtual reality.

• Film and Entertainment

Deploying VR in the entertainment sector blurs the boundary between a narrative and its audience, and allows makers to experiment with space and perspective, leading to exceptional works that eliminate the lines between gaming and narrative entertainment.

• Construction and Real Estate

VR has game-changing value in both the development and sale of real estate. Architects and engineers are excited about AR's potential for digital modeling tools that can be used to overlay building plans, marketing materials into 3D models.  VR also facilitates real estate professionals to display properties to buyers in a realistic way, with full virtual exposure to the location and neighborhood.

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• Agriculture

 VR has the potential to help farmers visualize the crop data available to them. Commercially available drones built with sensors, GPS, powerful processors, and imaging sensors can give farmers and a picture of what is happening in their fields. These drones, video capability, allow for virtual crop scouting, where farmers use VR headsets to scan through the area and assess crop response.

• Energy

VR, combined with the data collected via IoT devices, will help maintenance technicians make decisions without the need to be present in remote locations, such as oil wells. It supports energy clients to monitor drilling and operations through its visualization. It can help scientists determine where to locate and test drilling sites, enabling them to virtually test plans for oil wells and optimize procedures in the process.

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For industries, figuring out how VR can be used to drive revenue in the future is an initiative that should be taken up sooner to unleash the best of it.