Taking the ongoing pandemic into consideration, it is evident that not only has COVID-19 changed our lives to the very core; it has also affected businesses across the globe to a considerable extent. Contrary to what business leaders predicted, we’ve witnessed a massive economic imbalance, and quite frankly, the scars of this economic recession and global quarantining would be continually observed well into the 2020s. While businesses worldwide fear to be at the verge of bankruptcy, statistics reveal that approximately fifty-four percent of SME’s across the U.S. have either closed temporarily or fear shutting down during the upcoming weeks. While the entire world is surrounded by hopelessness and dilemma, there still appears to be a way through which businesses are making the most out of the ‘Pandemic Phase’; all thanks to digitization.
Making The Most Out of Pandemic Through Virtual Reality:
COVID-19 has forced the businesses of the 21st century to step into the world of digitization. Throughout the industries, an increasing number of companies have started adopting tools like Virtual Reality, Videoconferencing and project management platforms in the quest to suffice their employees with an option to work remotely. Even then, there appears to be one technology that has jumped right back into the spotlight all thanks to COVID-19 – Virtual Reality. With that being said, here are some ways how VR is helping business to survive the ongoing pandemic:
1. Virtual Reality for Tradeshow and Events:
A lot of companies are opting for Virtual Reality based platforms that facilitate participants to join conferences virtually. With the option to view live avatars over 360-degrees, it all comes down to the immersive experience that makes VR a perfect choice for tradeshows and events. VR viably allows event organizers to carry out their real-world tradeshows without actually breaking home-isolation orders. Since VR-based tradeshows allow partakers to connect from across the globe, this technology is more likely to stick for a long time – even after the fear of COVID-19 passes away.
2. Virtual Reality for Real Estate Industry:
COVID-19 resulted in being wreaking chaos for the real estate industry. To tackle these uncalled for circumstances, real estate agents and landlords started opting for VR as an opportunity to work while being quarantines. While a lot of companies have begun deploying Virtual Reality apps that allow renters and buyers to have a virtual tour of homes and apartments they are interested in, it is safer to say that VR is certainly directed on the right path!