1Why AR/VR May Be the Future of Employee Training
The number of jobs for virtual reality developers and engineers has increased tremendously over the last few years. This reflects growing interest in VR from SMBs (small to midsize businesses) to Fortune 500 companies, notably for workforce VR training simulations. VR is charting new trails in application development that will impact the social good, ranging from assisting individuals with learning disabilities to increasing productivity to vocational job training. Although VR and AR (augmented reality) adoption in the workplace is in early stages, it is trending upward. This eWEEK slide show, using industry information from IBM, presents the ways the company envisions VR will be used to help employees and companies succeed across various industries.
2AR/VR Total Market Opportunity Is $143 Billion
According to IDC, the total market opportunity for AR/VR including software, hardware and services will be$143 billion by 2020. More than half (55.6 percent) of AR/VR is non-consumer spend.
3VR Is Helping Employee Training Programs
Companies of all sizes are increasingly using VR to conduct employee training and to introduce new employees to their work environment. Businesses are using VR instructions for employee training related to customer service, management or seasonal situations, such as encountering the Black Friday rush in virtual reality.
4VR Training Scenarios Aren’t Only for Tech Companies
In a typical VR training scenario for the construction industry, new employees may observe a virtual construction site to determine fairly quickly what equipment is missing. This allows workers to recognize the opportunities that exist to better assist their customers and improve safety onsite. Some companies in the hospitality industry are using VR to train their chefs how to cook inside a virtual kitchen—but without safety risks.
5VR Provides Up to 75 Percent Learning Retention Rates
Real-world benefits of VR trainings are increased learning retention rates, productivity and increased safety. With VR, you can experience a situation as if you are actually there. According to VR company STRIVR, learning retention rates can be as high as 75 percent versus 10 percent for reading or a lecture.
6Benefits of Implementing VR Training Programs
VR environments increase the speed of training. Humans are intuitively spatial beings, and by using spatial-aware applications and computing models, our brains can process information faster and more effectively. Benefits for companies include cost savings, little to no risk, realistic scenarios, safe/controlled areas, innovative and enjoyable experiences, and suitability for different learning styles with personalized training.
7Opportunities for Potential Future VR Applications
8Virtual Meetings Give You More Time Back in Your Day
9AR Can Help Companies Retain Knowledge
Enterprises are drowning in data, and knowledge and expertise fuel continuing innovation and digital transformation. But when workers retire, they take knowledge with them. AR enables knowledge capture and recall across time/space, verbal command/control and visual delivery, and it leverages spatial memory.