Creating a Future Workplace with AR and VR!

“The advance of technology is based on making it fit in so that you don’t really even notice it, so it’s part of everyday life.” 
– Bill Gates, Co-founder of Microsoft.
When we look around us today it has become exceedingly obvious that the world is moving at a much faster pace than we remember. If not all, most of the credit goes to the vast number of technological developments that take place almost every day. In this rapidly changing world, we can either choose to evolve with it or stay back and live with the feeling that we are completely out of place and out of our depth.
This blog will help you understand all the “realities” of today’s tech world and help you fit right in and create a future workplace, to move ahead of your competition.

Reality In Its Many Forms

Some of the fastest developing and most exciting branches of technology out there are Virtual Reality and Augmented Reality. Although some companies have already integrated this technology into their business practices to create innovative and sustainable workplaces, it is imperative for every business to invest in AR and VR. If they want to succeed in this overly competitive world that is.
Recent studies conducted by PwC show that VR-trained employees were up to four times more focused than their e-learning peers and four times faster to train. When trainees are taught with a VR experience, they learn more from the training and have superior outcomes. Creating a workplace that is equipped with this kind of technology will most definitely increase the work productivity of the employees.
VR and AR have evolved over the past years and have become more convenient both technologically and financially for business and learning. They affect companies in every industry and various organizations, from universities to social enterprises. They have become the new terminal between humanity and machines, uniting the digital and physical worlds.
Read more: Top AR and VR Trends to Transform Ecommerce in 2022!
AR & VR
Now that we’ve established the necessity of VR and AR for businesses and industries, let’s move on to understanding what exactly these technologies are and what they do.

Virtual Reality 

It is an artificial environment created by software and requires a special headset that plunges you into the new reality. It immerses the user within its virtual environment and in most cases, the user can manipulate objects or perform a series of actions.

Augmented Reality  

AR, conversely, does not give an absolute immersion. It adds digital elements to a live view usually done by using the camera on a Smartphone or tablet.

Mixed Reality 

Mixed Reality blends elements of AR and VR to co-exist creating a combination of virtual and actual realities, allowing you to interact with both simultaneously.

Extended Reality 

XR is an umbrella term used when all these computer-generated technologies are used together.
Read more: Augmented Reality, Virtual Reality, Mixed Reality Detailed with Real-life Examples

How do these technologies influence the future of a workplace?

Listed below are a few ways that AR/VR/MR/XR is influencing the future workplace.

Virtual Reality

  • Increased Connection and Collaboration – As opposed to video consultation, VR users feel like they inhabit the same space, resulting in more effective collaboration.
  • New HR Practices – With access to employees across the world, hiring practices will widen to recruit top talent.
  • Upgraded Training Techniques – VR training is especially favorable in perilous situations, as it offers a safe, engaging, and educational experience.
  • Efficient Product Development – VR finds its use in product testing in a variety of scenarios, abolishing the need for costly physical paradigms.

Augmented Reality

  • Will Save Money – AR headsets and apps can replace costly seminars or classes.
  • Improve Productivity – Increased engagement through collaborations with other companies using AR will change the way employees work.
  • Cognitive Barriers – With the help of AR your workforce can train much faster. This will in turn lead to a more structured, competent, and productive team.

Mixed Reality

  • Better business operations – MR can help companies work efficiently by allowing engineers to try new ideas without wasting resources and reducing complex processes.
  • Enhanced training – It can offer experiential training sessions which allow team members to experience a situation for themselves, in a simulated environment.
  • Improved creativity – It improves project development by allowing teams to make important decisions and alter features without wastage or excessive resources.

Extended Reality – 

  • Investment Banking – By using XR for broadcast, a firm could reach and interact with many investors over multiple locations in a robust and dynamic way while reducing costs, logistical challenges, and the need for travel.
  • Trading Floor – XR replicates all the benefits of a modern trading floor along with advanced capabilities, plus the ability to access the trading environment from anywhere in the world
  • Training and Compliance – Scenario models powered by XR, could be used to provide real-time training and ensure employees are well-equipped for real-world situations.

Read more:5 Real-world Applications of Extended Reality

Identifying Which Ecosystem Best Suits VR/AR/MR/XR

To determine which of these technologies better suit your ecosystem, evaluate the challenges your workplace is experiencing.
VR and AR thrive in fields of research and development, design, review, education, and training. MR’s combination of the physical world and the digital world is making notable changes in various industries, including medical, education and research, manufacturing, design, and construction. XR being the comprehensive umbrella that it is plays a more prominent role in various sectors and organizations, yielding clear benefits in numerous facets of work and business, including training, collaborative working, and marketing.
Irrespective of the technology you decide to go with, remember that every time new technology is implemented there’s a clear culture shift at the workplace, so be prepared for change.

How To Affordably Deploy AR/VR/MR/XR With Fingent

Fingent has developed strategic software solutions for businesses across the world. By initiating your projects with Fingent you are backed up by a dedicated and skilled team who work round the clock. All our processes are customer-oriented and designed to reduce the cost of business developments.
Fingent merges Augmented Reality using 3D modeling, 360-degree imaging, real-time character identification, and orientation-based tracking with our reality to form immersive and personalized solutions. We help you utilize ARCore; Google’s AR platform, to fabricate a potent user experience through Android devices and ARKit for IOS devices.
With 3D models and simple user-friendly interactions, Fingent creates a customized Virtual Reality strategy that closely binds with your business structure and objectives. We help you analyze and grasp the growing abilities of Mixed Reality to reach your customer base in the most ingenious ways and since Extended Reality is becoming the new mode of communication between business and client, Fingent has systems in place to increase awareness, engagement, and conversation and help support large-scale communication.
If you’re looking for easy and affordable ways to make your workplace future-ready, this is your shot Fingent has got you covered. Give us a call.

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    About the Author

    ...
    Venkatesh Alagarsamy

    With exceptional expertise in AR, VR, and MR, Venkatesh has worked in the conception, design, development, delivery, and implementation of solutions catering to the needs of industries like Automobile, Oil and Gas, Medical Simulation, Heavy industries, Mining, Archeology, Retail, Soft Skills Development, and Education. Venkatesh has vast experience in developing multiplayer solutions for leading large-scale sectors across the globe. When not working on projects, Venkatesh likes to keep himself updated on the latest technology advancements, because he believes that's what helps him provide top-notch solutions for his customers. Connect with Venkatesh via LinkedIn today, and know more about how your business can benefit from Extended Reality technologies!

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