Immersive technology is undoubtedly the future; it is clearly visible in the boom of extended reality. While it is big in the gaming world for obvious reasons, it is noteworthy that even smartphone apps like snapchat are dabbling with it. Additionally, there are theme parks trying the technology for attracting a larger audience to its fold. And, thus it surprises none that by 2023, immersive technologies will be a USD 160 billion market.
Besides, as more and more industries adopt it for better outcomes – decision making, medical, etc., it is getting more mainstream. Because, to be honest, the functionality in healthcare, automotive and energy is quite impactful. And, for gamers, it is a fantasy come alive. Consequently, that makes it easy for other industries to adopt it overcoming initial hiccups with ease.
This is also a product of society moving towards a higher technological advancement, creating endless opportunities for market players as well as end-consumers.
Industry 4.0 in the Matrix
Businesses across industry verticals are amid a wave of better productivity and optimized decisions. And, these AR and VR form the crux of this movement. As, they are critical in revolutionizing decision making by cutting times and slashing human biases to an impressive minimum. Besides, they are potent enough to allow businesses to decode and unfurl whole production lines in front of them. This helps businesses grow exponentially, helping identifying and removing errors in a smooth way.
So, basically, with these immersive technologies, businesses can fix issues before they arise, credit machine learning and predictive capabilities. Consequently, saving downtime saves money.
Also, businesses are combining Business Intelligence with VR to have the custom element to their growth stories. Additionally, development processes and machine learning along with AR and VR are game changing in the true sense of the word.
Thus, it is not wrong to say that immersive is the way forward for industry 4.0.