{"id":8450,"date":"2018-10-01T16:38:35","date_gmt":"2018-10-01T20:38:35","guid":{"rendered":"https:\/\/armchairarcade.com\/perspectives\/?p=8450"},"modified":"2018-10-01T16:56:35","modified_gmt":"2018-10-01T20:56:35","slug":"the-financial-benefits-of-augmented-and-virtual-reality","status":"publish","type":"post","link":"https:\/\/armchairarcade.com\/perspectives\/2018\/10\/01\/the-financial-benefits-of-augmented-and-virtual-reality\/","title":{"rendered":"The Financial Benefits Of Augmented And Virtual Reality"},"content":{"rendered":"\n

In the short space of time augmented and virtual reality has\nbeen with us, they have managed to\nsteer up a lot of elements that the business world have never seen in a long.<\/p>\n\n\n\n

Fintech companies are now looking at new ways to imbibe the\nclarity of purpose both reality programs presents.<\/p>\n\n\n\n

While Augmented reality tries to mix what is an existing\nenvironment with a digital life,\nvirtual reality hopes to completely transform the environment into a virtual\nworld of the user’s imagination.<\/p>\n\n\n\n

A lot has been said about augmented reality since the launch\nof Pokemon Go and its extreme success\nof raking up to $280million. The AR and VR are going to be worth over a\n$100billion in the year 2020 if the statistics we keep getting are anything to go by.<\/p>\n\n\n\n

For businesses, it could mean leveraging on these great\nopportunities that have presented itself\nin the form of AR and VR. Both\ntechnologies can easily be used in the buying and selling, especially\nE-commerce.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

It could also be applied in the service department as well\nto give customers a kind of do it yourself services. Let look at some of the\nexamples where AR\nand VR could be beneficial financially.<\/a><\/strong><\/strong><\/p>\n\n\n\n

E-commerce\nwebsites<\/strong><\/p>\n\n\n\n

Shopping online comes with its advantages and disadvantages.\nOne of its widely known disadvantages\nis the question of ” will it fit if\nI buy?”<\/p>\n\n\n\n

Because we deal with a unique way of ordering for products,\nAR and VR can help us clear those\nthoughts we have about a particular product fitting into our present environment. Thankfully with the help of\nAR, you can hold the picture of your\nroom for example, and place the chandelier, lampstand, flowers you are trying\nto order online into your reality and see if they fit.<\/p>\n\n\n\n

If they do, you can also use AR to find unique colors that\ncan fit your room.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Such a game changer will make shopping very easy for most\npeople. All they have to do is place a digital reality into an existing\nenvironment.<\/p>\n\n\n\n

VR, on the other hand, will transform what the buyer wants his room to be like for\nexample. If the imagination of a\nparticular type of place is what he is thriving to achieve, virtual reality allows him to do it.<\/p>\n\n\n\n

AR and VR will help businesses build a special relationship\nfor many years to come. Click here<\/a><\/strong>\nto get immediate money for your business.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Educating\nemployees through AR and VR training programs<\/strong><\/p>\n\n\n\n

AR and VR were also created to educate students and\nemployees.<\/p>\n\n\n\n

Businesses have a hard time training recruits and further\ntraining existing employees among other tasks. To cushion the cost of spending\nso much money, AR and VR can be used to augment the little acquired knowledge\nthose coming for the training have.<\/p>\n\n\n\n

With augmented reality, a practical example of the how firms produce, package and sell to the\ngeneral public is played out to the employees of the company.<\/p>\n\n\n\n

\"\"<\/figure><\/div>\n\n\n\n

Improve\nsales<\/strong><\/p>\n\n\n\n

In the wake of Pokemon Go, businesses started having an idea\nof the financial implication AR and\nVR provide. For example, Pokemon has 5 million daily users on the app, which\nconverts to over 65 million active members monthly. Majority of people using\nthe app have made in-app purchases at least once.\n\nIf companies bring AR and VR into the business\nworld like E-commerce, the same awakening statistics could follow businesses\nwho take a leap of faith.\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"

In the short space of time augmented and virtual reality has been with us, they have managed to steer up a lot of elements that the business world have never seen in a long. Fintech companies are now looking at new ways to imbibe the clarity of purpose both reality […]<\/p>\n","protected":false},"author":29202,"featured_media":8451,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[15],"tags":[787,788,697,696],"class_list":["post-8450","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-editorial","tag-ar","tag-augmented-reality","tag-virtual-reality","tag-vr"],"yoast_head":"\nThe Financial Benefits Of Augmented And Virtual Reality - Armchair Arcade<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/armchairarcade.com\/perspectives\/2018\/10\/01\/the-financial-benefits-of-augmented-and-virtual-reality\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Financial Benefits Of Augmented And Virtual Reality - Armchair Arcade\" \/>\n<meta property=\"og:description\" content=\"In the short space of time augmented and virtual reality has been with us, they have managed to steer up a lot of elements that the business world have never seen in a long. 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It is noticed that students spend more time online and therefore use homework help on Thesis Helpers\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"Application of Augmented and Virtual Reality in Learning Institutions","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2020\/01\/smartphone-1445489_1280.jpg?fit=1200%2C534&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2020\/01\/smartphone-1445489_1280.jpg?fit=1200%2C534&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2020\/01\/smartphone-1445489_1280.jpg?fit=1200%2C534&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2020\/01\/smartphone-1445489_1280.jpg?fit=1200%2C534&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2020\/01\/smartphone-1445489_1280.jpg?fit=1200%2C534&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":5571,"url":"https:\/\/armchairarcade.com\/perspectives\/2017\/09\/06\/infographic-future-virtual-augmented-reality\/","url_meta":{"origin":8450,"position":1},"title":"Infographic: The Future of Virtual and Augmented Reality","author":"Bill Loguidice","date":"September 6, 2017","format":false,"excerpt":"Context approaches higher education with academic and industry leadership to deliver insights that inspire learning. We have explored how advanced technology has transformed the development of augmented and virtual reality in a variety of industries. The result is a market that is expected to be worth $150 billion by 2020.\u2026","rel":"","context":"In "Infographic"","block_context":{"text":"Infographic","link":"https:\/\/armchairarcade.com\/perspectives\/category\/infographic\/"},"img":{"alt_text":"Infographic: The Future of Virtual and Augmented Reality","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/09\/pexels-photo-123335.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/09\/pexels-photo-123335.jpeg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/09\/pexels-photo-123335.jpeg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/09\/pexels-photo-123335.jpeg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2017\/09\/pexels-photo-123335.jpeg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":3066,"url":"https:\/\/armchairarcade.com\/perspectives\/2016\/03\/08\/quick-thoughts-present-future-virtual-reality-augmented-reality-mixed-reality\/","url_meta":{"origin":8450,"position":2},"title":"Quick thoughts on the present and future of Virtual Reality, Augmented Reality, and Mixed Reality","author":"Bill Loguidice","date":"March 8, 2016","format":false,"excerpt":"Some individuals, pundits, and other factions within our videogame, computer, and technology community seem to want to liken the latest explosion in Virtual Reality (VR), Augmented Reality (AR), and Mixed Reality (MR) consumer technology to 3D technology that was in seemingly every new television of recent vintage as the next\u2026","rel":"","context":"In "Editorial"","block_context":{"text":"Editorial","link":"https:\/\/armchairarcade.com\/perspectives\/category\/editorial\/"},"img":{"alt_text":"Project Morpheus PlayStation VR Prototype","src":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2016\/03\/project-morpheus.png?fit=585%2C465&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2016\/03\/project-morpheus.png?fit=585%2C465&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/armchairarcade.com\/perspectives\/wp-content\/uploads\/2016\/03\/project-morpheus.png?fit=585%2C465&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":12335,"url":"https:\/\/armchairarcade.com\/perspectives\/2020\/12\/01\/when-will-vr-get-its-second-hype\/","url_meta":{"origin":8450,"position":3},"title":"When will VR get its second hype?","author":"Andrei Kuznetsov","date":"December 1, 2020","format":false,"excerpt":"Virtual reality. 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