{"id":9059,"date":"2018-06-20T10:30:27","date_gmt":"2018-06-20T05:00:27","guid":{"rendered":"https:\/\/www.rankwatch.com\/blog\/?p=9059"},"modified":"2024-01-13T10:18:06","modified_gmt":"2024-01-13T04:48:06","slug":"how-can-virtual-reality-affect-your-business","status":"publish","type":"post","link":"https:\/\/www.rankwatch.com\/blog\/how-can-virtual-reality-affect-your-business\/","title":{"rendered":"How Can Virtual Reality Affect Your Business?"},"content":{"rendered":"<p><a href=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/How-Can-Virtual-Reality-Affect-Your-Business_.png?ssl=1\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9060 size-large\" src=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/How-Can-Virtual-Reality-Affect-Your-Business_.png?resize=640%2C320&#038;ssl=1\" alt=\"how virtual reality can affecet your business\" width=\"640\" height=\"320\" srcset=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/How-Can-Virtual-Reality-Affect-Your-Business_.png?w=1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/How-Can-Virtual-Reality-Affect-Your-Business_.png?resize=300%2C150&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/How-Can-Virtual-Reality-Affect-Your-Business_.png?resize=768%2C384&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Just when we thought that modern technology reached its peak, virtual reality hit the mainstream. We hear the word everywhere. The affordable and easy-to-use headsets have the potential to <\/span><a href=\"http:\/\/home.bt.com\/tech-gadgets\/future-tech\/7-ways-virtual-reality-will-change-the-world-11363913841925\"><span style=\"font-weight: 400;\">change the world<\/span><\/a><span style=\"font-weight: 400;\">. Just imagine them in every household. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">No, we\u2019re not just talking about playing family games in virtual reality. It\u2019s getting in every single aspect of people\u2019s lives. We know it\u2019s already <\/span><a href=\"https:\/\/www.emergingedtech.com\/2017\/06\/real-uses-of-virtual-reality-in-education-how-schools-are-using-vr\/\"><span style=\"font-weight: 400;\">changing education<\/span><\/a><span style=\"font-weight: 400;\">: students visit campuses and get all kinds of lessons in virtual reality. But people are also turning the process of learning about businesses into a VR experience. Soon, we\u2019ll all be trying on some clothes without going to the store. Take a moment to think about that! \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This brings us to a question: how can virtual reality affect a business? If it\u2019s about to change the way people shop, it will certainly change the way you do business. Oh no; more investments to please this demanding audience? Well, this is an investment you\u2019ll actually like! \u00a0\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Through VR, you\u2019re going to offer a personalized experience to a tech-savvy audience, and you\u2019ll win the battle for becoming the coolest brand in the industry. It\u2019s as simple as that.<\/span><\/p>\n<h2>What Is Virtual Reality and How Does It Change People\u2019s Lives?<\/h2>\n<p><span style=\"font-weight: 400;\">Virtual reality is a pretty interesting concept since it releases the user from the physical boundaries of their body. It allows them to perceive themselves surrounded in a digital environment. This 3D digital environment seems realistic since the user can interact with it. Remember <\/span><i><span style=\"font-weight: 400;\">The Matrix<\/span><\/i><span style=\"font-weight: 400;\">? Yeah, that!<\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/3.jpeg?ssl=1\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9101 size-full\" src=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/3.jpeg?resize=640%2C426&#038;ssl=1\" alt=\"virtual reality business\" width=\"640\" height=\"426\" srcset=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/3.jpeg?w=1000&amp;ssl=1 1000w, https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/3.jpeg?resize=300%2C200&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/3.jpeg?resize=768%2C511&amp;ssl=1 768w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Are you wondering why VR took so long to take over the world? It\u2019s because of the equipment. The most sophisticated pieces are too expensive for an average household to afford. An HTC Vive Pro, for example, costs more than $1000. Plus, you need a powerful computer with a dedicated graphics card for a nice VR experience, so we\u2019re looking at around $2000 of an investment. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, cheap options, such as Samsung Gear VR and Google Cardboard, are changing the way things work. Depending on that, an average family will soon be able to afford virtual reality,<\/span><span style=\"font-weight: 400;\">, so an average business has to think about reaching the customers that way. To envision the reach of VR technology, think about this for a moment: Sony\u2019s VR device shipments are expected to reach <\/span><a href=\"https:\/\/www.statista.com\/statistics\/671403\/global-virtual-reality-device-shipments-by-vendor\/\"><span style=\"font-weight: 400;\">2 million units in 2018<\/span><\/a><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So how can virtual reality affect a business? Kenny Yang, head of the IT department at <\/span><span style=\"font-weight: 400;\">BestEssays.com.au<\/span><span style=\"font-weight: 400;\">, gives us an answer: \u201cThink of customers who want to try clothes without the need to get dressed or even leave their homes. Think of those who\u2019d like to see how a particular piece of furniture would look in their interior. Think of interviewing people in virtual reality. These are only the most straightforward examples, but you get the idea. VR is going to change the way businesses and customers make decisions.\u201d <\/span><\/p>\n<h2>How Are Businesses Using VR Technology?<\/h2>\n<p><span style=\"font-weight: 400;\">Here are few examples of businesses already relying on VR technology:<\/span><\/p>\n<p><span style=\"font-weight: 400;\">1.\u00a0<a href=\"http:\/\/www.lowesinnovationlabs.com\/holoroom\/\">Lowe\u2019s<\/a><\/span><span style=\"font-weight: 400;\">, a home improvement company, created the Holoroom \u2013 a tool that lets you visualize how the home of your dreams would look like.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/DVsEb9vla-I?rel=0\" width=\"710\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>2.\u00a0<a href=\"https:\/\/www.nextvr.com\/live-nation\/\"><span style=\"font-weight: 400;\">Live Nation<\/span><\/a><span style=\"font-weight: 400;\">, an events promoter and venue operator, enables people to attend concerts through VR technology.<\/span><\/p>\n<p>3.\u00a0<a href=\"http:\/\/visualise.com\/case-study\/thomas-cook-virtual-holiday\"><span style=\"font-weight: 400;\">Thomas Cook<\/span><\/a><span style=\"font-weight: 400;\">, a travel company, encourages you to try a virtual holiday experience before you pay for the real deal.<\/span><\/p>\n<p><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/Ax0BmO3DrTc?rel=0\" width=\"710\" height=\"360\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>4. <a href=\"http:\/\/www.nytimes.com\/marketing\/nytvr\/\"><span style=\"font-weight: 400;\">The New York Times<\/span><\/a><span style=\"font-weight: 400;\"> invites you to experience stories as being reported by award-winning journalists. Ever wondered what it would be like to live in Ethiopia and deal with devastating earthquakes? Now you can know. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The competition in journalism is <\/span><span style=\"font-weight: 400;\">huge<\/span><span style=\"font-weight: 400;\">, and <\/span><i><span style=\"font-weight: 400;\">The New York Times <\/span><\/i><span style=\"font-weight: 400;\">is winning the battle of the giants. The fact that it implements VR technology in reporting makes a huge difference. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As we can see, virtual reality is a very versatile technology that can find its role in all industries. You just need to have an idea. \u00a0\u00a0<\/span><\/p>\n<p><a href=\"https:\/\/dpntax5jbd3l.cloudfront.net\/images\/content\/1\/8\/v2\/187785\/2018-VR-AR-Survey-Digital.pdf\"><i><span style=\"font-weight: 400;\">2018 Augmented and Virtual Reality Survey Report<\/span><\/i><\/a><span style=\"font-weight: 400;\"> by Perkins Coie LLP ranked the industries that are expected to see the greatest investments dedicated to AR and VR technology: gaming, education, healthcare and medical devices, real estate, marketing, live events, military and defense, movies and television, retail, and manufacturing and automotive. We already know how VR makes a difference in gaming, education, healthcare, and military training. But hey; we see some business potential in this report, too! Real estate, live events, retail, and automotive \u2013 can you imagine how this technology is going to make a change there? \u00a0<\/span><\/p>\n<h2>How Can VR Affect Your Business?<\/h2>\n<p><span style=\"font-weight: 400;\">\u201cIf I invest in VR, what benefits will I see?\u201d If you asked that question, then you\u2019re thinking like a true businessman. Of course, you\u2019re concerned about the ROI. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Look; we cannot write a business plan for you. What we <\/span><i><span style=\"font-weight: 400;\">can <\/span><\/i><span style=\"font-weight: 400;\">do, however, is scratch the surface of the growth you\u2019re about to unlock if you <\/span><a href=\"https:\/\/www.rankwatch.com\/blog\/how-vr-will-impact-online-marketing\/\"><span style=\"font-weight: 400;\">implement virtual technology<\/span><\/a><span style=\"font-weight: 400;\"> in the way you do business.<\/span><\/p>\n<h3>1. You May Offer a Personalized Shopping Experience<\/h3>\n<p><span style=\"font-weight: 400;\">People like shopping from home, but there\u2019s a problem with that approach: they can never be sure if the products are a good fit. Whether it\u2019s about clothing, shoes, or home decoration items, they have no idea how they would look when combined with other clothes or decorations. With VR technology, a business can fully personalize the shopping experience and <\/span><a href=\"https:\/\/www.crazyleafdesign.com\/blog\/increase-roi-create-effective-marketing-funnel\/\"><span style=\"font-weight: 400;\">reinvent the marketing funnel<\/span><\/a><span style=\"font-weight: 400;\">. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Think of Lowe\u2019s example we mentioned above. That visualization tool gives homeowners an intuitive experience of the design they would like to implement. It makes them more convinced they are making the right purchasing decisions. <\/span><\/p>\n<h3>2. You\u2019ll Attract a Tech-Savvy Audience<\/h3>\n<p><span style=\"font-weight: 400;\">Are you aiming too young, fashionable, and tech-savvy people as your target audience? These people are not easy to please! A VR will definitely change the way this audience perceives you.<\/span><\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/vr.jpeg?ssl=1\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-9097 size-full\" src=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/vr.jpeg?resize=640%2C325&#038;ssl=1\" alt=\"how virtual reality can affecet your business\" width=\"640\" height=\"325\" srcset=\"https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/vr.jpeg?zoom=2&amp;resize=710%2C360&amp;ssl=1 1420w, https:\/\/i0.wp.com\/www.rankwatch.com\/blog\/wp-content\/uploads\/2018\/06\/vr.jpeg?zoom=3&amp;resize=710%2C360&amp;ssl=1 2130w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" data-recalc-dims=\"1\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Think about it: tech-savvy people are leading digital lives. They like to put on a headset and launch themselves into another reality. If they are thinking about buying a new car, they would love to try it just by putting the VR headset on. <\/span><\/p>\n<h3>3. You Can Carry Out Any Process in Virtual Reality<\/h3>\n<p><span style=\"font-weight: 400;\">The best thing about virtual reality is its versatility. You can find many ways to implement it, so you\u2019ll always be unique regardless of what your competitors are doing. From hiring decisions to marketing and customer service, VR can find its place in all aspects of your business. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">It\u2019s not just about making the shopping experience more attractive to your end users. Your business can also benefit from this technology during the prototyping and design stages. You can test the performance and reliability of prototypes through VR. It\u2019s a much cheaper, quicker, and safer way to do that.<\/span><\/p>\n<p>Architects are already working on creating design concepts which will allow their clients to explore the design in virtual reality before they make their final decision.<\/p>\n<h3>4. You\u2019ll Stand Out From the Competition<\/h3>\n<p><span style=\"font-weight: 400;\">Think of any industry and try looking for brands that use virtual reality to make the experience better for their users. You\u2019ll find only a few examples. Maybe you won\u2019t even find practical implementations of VR technology in some industries. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Can you think of an interior design company that lets potential customers envision how their home would look and <\/span><i><span style=\"font-weight: 400;\">feels<\/span><\/i><span style=\"font-weight: 400;\"> like? Sure; they all send sketches before they make a deal. A VR experience, however, would drastically change people\u2019s decision. In a way, that benefits the company; of course! \u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This makes us realize: if a brand implements VR <\/span><i><span style=\"font-weight: 400;\">now<\/span><\/i><span style=\"font-weight: 400;\">, it will definitely <\/span><a href=\"https:\/\/www.crazyleafdesign.com\/blog\/4-innovative-web-design-trends-will-set-apart\/\"><span style=\"font-weight: 400;\">stand out<\/span><\/a><span style=\"font-weight: 400;\">. This approach is a nice way to make one giant step into the <\/span><a href=\"https:\/\/www.rankwatch.com\/blog\/future-of-content-marketing-rankwatchchat-recap\/\"><span style=\"font-weight: 400;\">future of content marketing<\/span><\/a><span style=\"font-weight: 400;\"> ahead of everyone. <\/span><\/p>\n<h2>Conclusion<\/h2>\n<p><span style=\"font-weight: 400;\">Yes; developing a VR program for any aspect of your business will require an investment. When done properly, however, VR technology is definitely going to improve the processes. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">You want that in clearer terms? <\/span><em><b>You\u2019ll be selling more<\/b><span style=\"font-weight: 400;\">! <\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">This investment will give you a competitive advantage in the industry. The audience will start perceiving you differently. This will be that modern brand that\u2019s bringing changes in the industry. That\u2019s the status you\u2019ve been striving for. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">So what can you do now that you know how important VR is for the future of your business? For starters, think about different ways to implement it. You already got some cool ideas while reading this article, right?<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Just when we thought that modern technology reached its peak, virtual reality hit the mainstream. We hear the word everywhere. The affordable and easy-to-use headsets have the potential to change the world. Just imagine them in every household. No, we\u2019re not just talking about playing family games in virtual reality. It\u2019s getting in every single [&hellip;]<\/p>\n","protected":false},"author":152,"featured_media":9061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[37],"tags":[],"class_list":["post-9059","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-digital-marketing","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>4 Ways Virtual Reality Can Affect Your Business<\/title>\n<meta name=\"description\" content=\"Through VR, you&#039;re going to offer a personalized experience to a tech-savvy audience, and you&#039;ll win the battle for becoming the coolest brand in the industry.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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