Why Do You Need VR for your business?

More than ever, the business needs technology especially in terms of Augmented and Virtual Reality to stand out from their competition. When everything is going digital, people are talking about immersive experiences or immersive marketing to lure their customers more than ever. Then seemed like a futuristic technology has now become an essential part of the business. Technology trend like VR can help a business grow exponentially, upgrade the existing business, improve customer experience, and increase brand awareness and brand retention. Let’s look at some of the reasons that make VR a must-have equipment for businesses these days.

1. Industry Growth

In order to keep up with the growing industry trends, one must constantly embrace and evolve with the changes. Just like once the mobile industry grew exponentially and then suddenly it became an inevitable part of our lives, similarly, VR technology will also become an important part of life. In fact, according to a report by Goldman Sachs, it is estimated that by 2020, VR and augmented reality will become an $80 billion market.

2. Competitive Advantage

In a post COVID world, when physical stores will not be a preferred option for shoppers, businesses can create a virtual store with virtual try on. The speed of marketing will accelerate with the technology and will help businesses stay ahead of the competition. Such practices also increase brand recall in the minds of the consumer while helping the business stay relevant.

3. Training of Employees will become easier

Many businesses nowadays, when they want to train their employees for extreme conditions or any unforeseen conditions, create a stimulation so that employees can be better trained. This is especially beneficial in the case of pilot training, customer services, and skilled and unskilled laborers.

4. Virtual Tours

It will also benefit the real estate industry, the interior designing industry by providing virtual tours of different locations. Using VR, the customer can get a 3D video of the property they plan to buy or the look and feel of their newly renovated house.

5. Improvement of Marketing Campaign

When combined with traditional marketing tools, VR can help businesses promote themselves as progressive and innovative. Apart from offering the customers a new product and service every time, it is smart to offer them a new VR experience that will help them build a different perspective on your business. In a market like India, People will prefer visiting stores or brands which has something unique and different to offer in terms of immersive experience. Since the concept of VR technology is still new for many consumers, and the reach is limited, it will help any business gain a weirder reach in a limited time.

The benefits of using VR for the business are endless, and once any business starts using VR technology they will end up exploring numerous avenues. Businesses can also use it to build a long term relationship with their customers, increase engagement and likeability, will help in better visualization of new ideas, reduce the time required for traveling for meetings, etc. The opportunities are unlimited, different industries have already started using the technology in their favor, and us at Atthah help these business achieve their goals by converting their ideas into reality.

References:

• Medium.com
• Youvisit.com
• Flatworldsolutions.com