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Reality trends that define the future of business

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With the hustle and bustle of the rapidly growing world, we would have come across several latest inventions in and around that has mesmerised us. Have you ever thought why so much importance has been given to the technological advancements?

What is all the buzz about?

With the hustle and bustle of the rapidly growing world, we would have come across several latest inventions in and around that has mesmerised us. Have you ever thought why so much importance has been given to the technological advancements? The meteoric upsurge in the reality trends like Virtual Reality, Augmented Reality and Mixed Reality has given way to several new inventions. A few of them made us stunned, while others made us re-think about how these technologies work.

Often both Augmented Reality (AR) and Virtual Reality (VR) are misunderstood. Well, let us make it simple, AR is all about creating an interactive experience of the real world whereas VR creates the artificial environment that represents the real world providing live experience to the audience. In Augmented reality, the objects that reside in the real world are interpreted by the computer-generated data. Mixed Reality composes the features of both real and virtual objects to produce a new environment where physical and imaginary objects interact in real-time.

Tech Trends that are going to create a sensation in upcoming years

Business industry has shifted its major concerns towards the technology and now developers have now started to develop powerful frameworks. Various business domains like gaming, media and entertainment, travel are making use of this smart frameworks.

• Application of VR in Construction field – This facility of the virtual reality enables the architect to illustrate the design and architecture of the building to the clients/customers where more than 90% of accuracy can be achieved. This reduces businesses the need for investing a huge amount of money to build models just to know the outlook of the building.

• Application of AR in gaming business – Gaming companies have decided to shift their direction towards AR and VR. A report regarding the gaming market says that by involving AR in gaming market increases the revenue by $284.93 billion by 2020.

• Application of AR in Travel Business – Tourism is one of the major sources of income in many countries. The implementation of AR in travel industry enhances the accommodation facilities. The travel app with AR helps in finding the direction and route of the nearby hotels.

The Verdict

Although the virtual reality, augmented reality and mixed reality trends have been around for more than 25 years, the advancements in these technology trends were initially applicable in the military arena. Recent inventions in the sci-fi world have led to the huge developments making anything and everything possible through the application of right technology at the right time.

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