The AR/VR Effect: See how these Industries Transformed Over Time

Apac CIO Outlook | Thursday, April 01, 2021

AR/VR can build a virtual digital bank branch where customers can be connected, offering improved insights as well as better personalized attention with virtual assistance.

Fremont, CA: Customers today are looking for something more from the technology that they use and augmented reality (AR), and virtual reality (VR) are technologies designed to offer comfort and also enhanced user experience.

Here are four industries being disrupted by AR and VR:

Manufacturing and Operational Safety:

AR can allow engineers to display prototypes that can be used in high-budget constructions. The technology can assist field workers by offering real-time data that help minimize errors and enhance precision, safety, and quality. VR technology can help workers with specifications and documentation, so that field workers will get virtual assistance to conduct the task.

AR/VR can provide technical specifications of any product or machine for the automobile sector so that buyers can make an informed decision.

Gamification:

AR/VR introduces a virtual world of games such as interactive board games or visually adventurous games, which can be virtually played by multiple people. As AR/VR technology brings creativity, analytical, and exploration skills to kids, parental guidance is always recommended.

Banking:

AR/VR can build a virtual digital bank branch where customers can be connected, offering better insights as well as better personalized attention with virtual assistance. It can allow customers with a 360-degree view of their current position, the different status of their requests, new offerings, and more. Some significant aspect where VR forms an effect is the documentation (filling of forms).

e-Commerce and Retail:

AR/VR application helps customers to have a tailored, interactive experience with products to know about the cost, offers, manufacturing date, expiry date, and many more.