Virtual Insanity: The Incredible Impact On Business

The world of business is entirely different today than a decade ago. In 2017, companies are focussing on cutting down on paper, helping the planet, and telling the customer they are wrong. On top of that, technology has changed the way the industry does business forever.

And, it’s about to get weirder thanks to the introduction of virtual reality technology. But, VR is by no means a new concept. Over the past five years or so, it’s played a significant role in the success of millions of companies. The following is how virtual reality has changed the game.

 

Levelled The Playing Field

Running a business is inherently unfair because the big boys always win. How on earth can a tiny tech company compete with Apple and Microsoft and their resources? The answer is it can’t, or at least it couldn’t until the introduction of virtual technology. Sadly, no headset will level the playing field, but virtual services have had an impact.

A virtual mailbox, for example, helps cut costs because online mail is free. Also, a virtual business address allows SMBs to appear bigger and more professional, which lures in new customers. Corporations may not be shaking in their boots, but they don’t have it all their own way in 2017 as they did in 2007.

 

Cut Costs

Let’s go into this in more detail because it’s essential to a small or medium-sized firm. An SMB can’t survive without money, yet the turnover of profit is usually pretty low. So, to make up for it, they try and cut costs to the bone. You understand the lengths businesses go to in order to save a penny here and a dollar there. Sadly, there is only so much one can cut before it begins to impact quality.

The great thing about VR is that it reduces costs and maintains a high standard. Take virtual business meetings as an example. With Skype, a company can conduct a conference without the need to travel.

 

Improved Production

Manufacturing a product is a risky challenge because you never know how a customer will react. Quantitative and qualitative research is helpful but only goes so far. Until a person sees a prototype, there is no way to gauge their judgement.

Thankfully, quality prototypes are easily accessible with the help of a 3D printer. All you have to do is input the settings and wait for it to manufacture a mini-product. And, if you buy one, the cost isn’t high because it will pay itself off in the future.

 

Better Training

Businesses need their employees to produce quality work, which is why training is essential. The problem is the cost. To hire a trainer, a seminar room and give the office a day off is costly. VR has a solution because there is no need to splash out on unnecessary costs with a virtual reality headset. A team of employees can participate and interact in a 3D world and it won’t break the bank. It’s a no-brainer.

 

VR has done a lot of the industry, and it’s going to do more in the coming years. Tell me down in the comments what do you think about it.