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Why Employ Extended Reality (AR, VR and MR) in Business?
Discover how virtual reality (VR) and immersive technology can enhance employee training, maintain standards and heighten productivity in a range of business sectors.
Key Takeaways:
- As digital and simulation training advances, virtual reality software emerges as a comprehensive platform. It offers easily accessible, cost-effective, hands-on experience based learning.
- Unlike conventional training methods, XR platforms facilitate high-risk, expensive, and difficult-to-standardize/scale training sessions.
Immersive training and VR in Business
In the ever-evolving landscape of business, staying ahead means embracing innovation. One such contemporary technology transforming the way we train employees is Extended Reality (XR), which encompasses Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR). These immersive platforms offer solutions to the limitations of traditional training sessions such as: Accessibility, practicality, standardisation and availability of resources. They provide realistic, interactive, experience based learning for employees. Additionally, VR can be accessed on-demand, anywhere, with zero risk and zero waste.
Now let’s delve into some of the specifics of how XR can revolutionize training in business:
Benefits and Merits in Business
Risk-Free
XR brings reality to life by creating simulated environments and situations where employees actively engage with content in a hands-on manner. VR immerses employees in high-stakes scenarios without real-world consequences, allowing trainees to make mistakes and learn from them in a risk-free environment.
Adaptable
VR, MR, and AR technologies personalize training experiences based on individual learning styles, ensuring optimal engagement and retention. Users choose whether to overlay digital information (AR) or merge digital elements with the real world (MR) to meet their specific needs. By adapting to user requirements, XR accelerates the development of visual, verbal, auditory, and kinaesthetic learners.
Cost-Effective
Traditional training methods often require significant spending on travel, venue rentals, and materials. XR eliminates these costs by delivering training anywhere, reducing the need for physical infrastructure.
Standardised and Scalable
After careful development, XR training modules scale effortlessly and reach large employee groups, ensuring consistent learning outcomes across geographically dispersed teams. This approach regulates and standardizes training, minimizing discrepancies in proficiency and work execution.
Real-Time Performance Analysis
XR training platforms integrate analytics tools that track trainee performance in real time. By monitoring actions, decisions, and interactions within the virtual environment, trainers pinpoint areas for improvement and provide targeted feedback. This data-driven approach enhances training effectiveness, helping organizations continuously refine their programs for better results.
Product Design and Demonstrations
Teams can create digital, interactive 3D models of new equipment and technology for easy collaboration and streamlined dissemination. This method removes geographical barriers and increases design productivity. Similarly, VR transforms how companies market products and drive sales by enabling buyers to experience products firsthand, boosting engagement and improving overall understanding.
VR as a Training tool
The theoretical advantages of XR training have been validated and immersive training shown successful in various industries. For instance, the promising effects of Immersive Virtual Reality was demonstrated in the journal of bone & joint surgery with a reduction in learning time of 570%. In addition, companies like Boeing reported a 40% Increase in productivity and porsche shortened time spent on addressing issues by 40%. These advancements are not confined to specific sectors like healthcare and engineering. Industries such as construction and education are continuing to embrace and uptake XR platforms, to increase productivity and ensure long-term competitiveness. This widespread adoption is reshaping the landscape of learning and driving sustainable success in the business world.
For additional examples of VR in Business, check out our blog post on “Extended reality use cases in Business” – https:/news/extended-reality-use-cases-in-business/
