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The benefits of using virtual reality for business purposes

Once a niche product developed and tinkered with by game developers for entertainment purposes, virtual reality technology is increasingly becoming a mainstream tool. Companies like Facebook are pushing the tech forward, seeing its potential for more general uses like communication. The ongoing pandemic's remote working situation has thrust VR even further into the limelight as an innovative solution to the issue and remote connectivity.

Interested in finding out more about VR technology, and how it is increasingly becoming a useful piece of kit for business-related purposes? Here are some of the benefits of virtual reality outside of just gaming.

Connecting entrepreneurs and investors with global opportunities

Investing and building a business portfolio is quite difficult from home, even with the number of smartphone apps and online services out there. By using virtual reality, certain companies and savvy individuals have been able to get a through the keyhole, 'next-best-thing' look at some incredible investment opportunities that others may not have even thought possible.

In particular, the property market is a prime example of how VR can assist in businesses and sectors continuing to thrive and how this is done. RWinvest, for example, an award-winning property investment company based in the UK (with offices in Liverpool, Manchester and London), has provided a gateway to their range of lucrative market opportunities through VR. Conducting 'virtual viewings' and accompanying them with full voice calls and screen shares with additional information and statistics. Investors can benefit from getting in early on opportunities in cities throughout the UK, and also get a near-perfect virtual recreation of the traditional viewing experience through a combination of media formats.

Continuing to train skilled workers remotely

Those training in highly-skilled professions – such as surgeons, dentists, or engineers, struggle to get the first-hand experience, as of course, the things they are training for often come with a certain level of risk. VR allows them to get a first-person perspective on the job they are preparing for, but remote working can help them continue training even when outside of the office or lab, taking notes and getting involved with hands-on learning/lessons from home. 

Aside from being more engaging than traditional learning, this training-from-home allows employees to hit the ground running when they return to work, rather than being fuzzy and unsure from months of inactivity due to lockdown restrictions.

Keeping teams in sync

Finally, from a pure communication standpoint, VR's future possibilities are astounding. Sure, video conferencing software such as Zoom or Microsoft Teams might be the go-to for team meetings and presentations during this pandemic, but as VR increases in fidelity and becomes more affordable, it will pave the way for more interactive, personable and intimate meetings with colleagues, friends and family. You'll be able to meet, socialise and experience more in virtual space, rather than just a video call. This will only grow in popularity as the 'work-from-home' trend grows, too, with more employees expected to opt to work from home even when they have the option, for convenience.