The Advantages of VR for Business: An In-Depth Look

Introduction

Virtual reality goes beyond gaming. Today, businesses utilize this technology to enhance employee training programs, improve communication, increase productivity, and accomplish other tasks that take their operations to the next level. VR has revolutionized how we do business, making it easier for companies to collaborate to reach their goals.

Benefits of VR for Business Applications

VR technology connects employees, supervisors, upper-level management, and other stakeholders with each other, no matter where they are. It provides a level of collaboration that doesn’t happen with a phone call or video chat, and in addition, it saves money on travel expenses.

VR technology is appealing to customers. If a company can offer a virtual tour, a try-before-you-by opportunity, or another relevant experience, it gives them an extra advantage in their industry.

A recent report by the National Safety Council shows that companies are incorporating VR into their employee safety plans. In fact, according to research conducted by D. Zhao and J. Lucas in 2015, employees tend to retain knowledge obtained from VR better than if they received that knowledge in a classroom setting.

Industries That Benefit from VR for Business

The potential of virtual reality in business is vast and has been adopted by a range of industries. Here are some of the sectors that have seen tangible benefits from using VR for their operations:

Healthcare

Believe it or not, medical VR is present in healthcare facilities more than you might realize. Surgical interns and residents use it to practice routine and complicated procedures, better preparing them for the operating room. The technology has also been shown to relax anxious patients who are receiving medical care.

Entertainment and Gaming

VR is already widely used in gaming, but what about other facets of the entertainment industry? These days, you can attend a concert, check out a museum, or watch a live sporting event by simply putting on a VR headset.

Tourism

Tourism companies are tapping into VR to boost their marketing strategies. This technology allows them to present accurate depictions of destinations to travelers so they can make an informed decision about how they want to spend their next vacation.

Retail

Studies show that VR in retail can increase conversions by up to 17%. VR also bridges the gap between brick-and-mortar and online shopping. Businesses can set up virtual “shops” where customers can browse, chat with avatars, and place orders from the comfort of their homes.

Education and Training Programs

VR is an efficient way to prepare new employees for the challenges of their positions. It is especially helpful when training them to accomplish potentially dangerous tasks without placing them in unsafe situations. VR programs are also being used in the classroom to allow young children to “visit” locations described in their history books, conduct science experiments, and more.

Architecture

It has always been a challenge for architects to look at a paper or computer-based blueprint and translate that image into a real-life structure. VR removes that challenge by allowing architects, builders, and clients to get a 360-degree view to truly understand the space they are creating.

Sports

VR allows athletes to practice their skills in a safe, realistic environment. Systems are being introduced at the college and professional levels to help participants with their swings, shots, and throws. VR is also an effective conditioning tool, allowing athletes to prepare for their upcoming seasons at home.

Advantages of Virtual Reality in Business

VR in business can revolutionize training, conferences, and customer interaction. Some of the main advantages of virtual reality business include:

Save Time And Money By Reducing Travel

Imagine eliminating business trips from your company's calendar. By investing in business VR headsets, companies can bring employees, managers, and others together, regardless of their home base. Doing this ultimately reduces travel expenses, including plane tickets, lodging, and meals for their employees. Of course, it might be difficult for some businesses to make a complete transition to VR, and that's OK. They can still see a positive impact on their budget if they partially incorporate VR into their operations.

Improve Safety Procedures

Did you know that 26% of businesses utilize VR in employee training programs (TechRepublic, 2020)? They are making the right move because some studies show that using VR to train employees can reduce workplace injuries by as much as 43%. In addition, some companies are incorporating VR tours, allowing visitors to get a glimpse of all aspects of a business without entering potentially hazardous areas of the building.

Boost Collaboration and Productivity

There is a lot of talk about how VR improves collaboration efforts across a company. Collaboration clearly leads to improved productivity, allowing people to express their ideas as though they were attending an in-person meeting. Stakeholders who are scattered across the globe can also meet more frequently to keep projects on track. Don’t forget about reduced commute times! If companies use business VR headsets to allow employees to work from home more frequently, their daily commute times can become productive work minutes.

Enhance Customer Service

From retail to tourism, VR leads to positive interactions between companies and potential clients. Think about the impersonal web chats that most companies have on their websites and how this communication could be improved by incorporating a VR avatar to guide clients through customer service issues. VR also offers the opportunity for companies to have personalized interactions with their clients. Clients like to be heard and often dismiss generic responses that don’t fully address their needs.

PICO Business VR Headset

You have multiple choices: PICO Neo3 Pro/PICO Neo3 Pro Eye, PICO 4 Enterprise，PICO G3.

The PICO Neo3 Pro is a versatile all-in-one VR headset, ideal for both entertainment and professional applications. With its ergonomic design, Snapdragon XR2 platform, and wide range of compatible software, it delivers an exceptional VR experience for users across various industries.The Eye version offers advanced eye-tracking technology that is crucial when teaching detailed skills. They both also effortlessly transition between an all-in-one system and a PC VR.

Designed for enterprise use, the PICO 4 Enterprise combines advanced hardware features and software capabilities, providing businesses with a reliable and scalable VR solution for training, simulations, and collaborative experiences.

The PICO G3 is a powerful 3DoF standalone virtual reality (VR) headset with XR2 chipset, offering users an immersive and untethered VR experience with its high-resolution display and built-in processing capabilities.

Conclusion

VR is quickly becoming an integral part of business operations. Whether you want to enhance your company’s training programs, improve productivity, or discover another benefit, PICO offers multiple options to incorporate VR into your company. Explore PICO business VR headsets to boost your business today!