Immersive Technologies (XR) covers a broad range of technologies from 360-degree photography and video to Virtual and Augmented Reality. It is becoming increasingly popular due to the promise that they hold of transporting people anywhere they want without having to leave the comfort of their own homes.
Due to the recent COVID-19 pandemic, interest in immersive solutions has increased significantly. It not only brought a surge in sales of XR devices and applications but also help to rethink how workers interact in physical spaces.
According to the XR Association – augmented reality, virtual reality and mixed reality – are expected to be a utility as mobile devices by 2025. It is projected to grow from US$43 billion in 2020 to US$333 billion by 2025.
Apart from entertainment and gaming, it will benefit many industries including medical, oil and gas, cleantech, education, manufacturing, agriculture, retail and real estate. With such potential, XR is expected to change corporate history.
Another technological upgrade to XR technologies is likely to be 5G, which will boost the transmission rate of wireless data over networks. 5G will help to make a difference for businesses where more sophisticated, heavy content being viewed live.
This programme will discuss:
- Why companies need to seriously consider investing in immersive technologies?
- Can this technology facilitate other aspects of personal development and event interpersonal relations?
- How to bring XR to the common users in a much more accessible way?
- What are the next steps for this field and how XR change society?
Thursday, May 26