Business Unusual

Virtual reality gets real

The notion of virtual reality (VR) has lived in science fiction and movies for decades but the ability for it to be used in everyday scenarios is a recent one.

The history of VR will most likely be marked with the Kickstarter campaign for a head-mounted display called the Oculus Rift, launched in August 2012 calling for $250 000 to build an affordable device for gamers. The project earned founders Palmer Luckey and Brendan Iribe over $2 million from backers and also attracted the attention of Facebook.

That attention turned into a $2 billion acquisition in 2014 to turn the gadget into a new industry.

While it has taken longer than expected for the first Oculus to be released officially (March 28, 2016) it has been released as a development platform which has allowed many other products to be created to work with the VR gear.

Samsung working with Oculus has already released two versions that work with their smartphones. And Google has allowed hundreds of apps to be created to run on Android that turns your phone into a VR reality device with the use of simple cardboard goggles.

The types of devices

There are two ways the devices change reality. Virtual reality replaces what you see with an immersive version that replaces everything that you see. Augmented reality adds non-real items into what you see in reality.

Augmented reality was touted to be a big deal for marketers as they would allow 2D objects to transform into 3D ones to make you want to buy a car, watch a new movie, or buy a product.

The effect was created by using a device with a camera and a screen and your smartphone. The smartphone would need software to recognise the 2D trigger to start the 3D overlay.

It has not been that well received as it required users to fiddle with lots of different software and often were not even aware that it was an option.

One potential exception is Google's visual translator that uses the camera to read signs which it can translate into a variety of languages.

A demonstration of how Google's augmented reality translation app works.

The Microsoft Hololens is likely to give new impetus to augmented reality as it also a head mounted display but does not replace everything you see, just how you see it.

It is still in development but the developer version is due out in early 2016.

An idea of what and how the Hololens might be used.

Where it will be used

Here are eight areas that are likely to see improvement or significant disruption by the introduction of VR and 360 video.

1. Watch movies like never before: With YouTube and [Facebook](https://360video.fb.com/ ) accepting 360 video's you can expect to see the way we watch video to move from bigger and bigger screens to ones that wrap around you.

  1. Construction: builders know how often plans get changed once owners get to walk inside the building because they were not able to get the same sense of the design while still on paper.

  2. Education: besides making subjects more interesting, it also allows the student to access the class remotely. An interesting side note is that it may be a better environment for certain learning challenged students which are over stimulated in real classrooms.

  3. Teleconferencing: attend a meeting with a more realistic feel than before. Adding a tele-presence bot (allows the user to move around a real exhibition) and interact with people. This also has implications for the education options by giving access to the best trainers anywhere in the world. It also make remote filming and control using drones easier.

  4. Travel: combining great footage of holiday destination allows you to decide in the best way is you really want to go or virtual holiday tours of the amazing sites on the planet might be enough. See anything without the queues with the best weather and without the need to take days to get there. You can also visit businesses to see if they have what you are looking for or find out if a new home is in a good neighbourhood.

  5. Games: Initially it will be gamers that drive the demand and see the devices becoming a lot more common to be able to be used for the other options. Games have already created impressive virtual worlds to completely engage players getting them to spend even longer away from the real world.

  6. Treating phobias: the improved reality will allow those with phobias to deal with them in a much safer way. Afraid of spiders? You can get closer to a virtual spider that can be controlled and can't bite you before confronting real ones.

  7. Training: The opportunity to simulate a range of experiences to train anyone from surgeons to soldiers is easier and cheaper as the technology improves.

  8. Sex: the sex industry usually always finds a way to use a new technology to add to the services and and products it offers and VR offers some potentially significant options.

This is not a comprehensive list as the real new uses of this technology may only become known once more people are physically using it.


Recommended

by NEWSROOM AI
Read More
Kylie Jenner - the 22-year-old billionaire

Kylie Jenner - the 22-year-old billionaire

Using what you have to build a modern billion-dollar business

TikTok - the best free interactive social video creator

TikTok - the best free interactive social video creator

Just because it is free does not mean there is no cost though

The World in 2056 based on Blade Runner

The World in 2056 based on Blade Runner

The movie is set in November 2019 and was released in 1982, what will the world look like in another 37 years?

Fundraising in the 21st Century

Fundraising in the 21st Century

Philanthropy was coined 400 years ago and for much of it, help came from the few that had the most to assist those that didn’t.

Business Unusual - Recap 2019

Business Unusual - Recap 2019

There have been over 150 episodes of Business Unusual. Many cover subjects that are still developing stories, here are some updates on those past episodes.

A potential solution to poverty

A potential solution to poverty

Here are four related stories that may offer an insight to better address poverty.

Popular articles
[WATCH] Viral schoolkid who cried at Bok tour attends awards with the Kolisis

[WATCH] Viral schoolkid who cried at Bok tour attends awards with the Kolisis

He was caught on camera earlier this month, bawling his eyes out when he saw the Bok squad at the start of their victory tour.

Demolition of Bank of Lisbon building in Jhb CBD to take place on Sunday

Demolition of Bank of Lisbon building in Jhb CBD to take place on Sunday

EWN reporter Mia Lindeque gives an update on the demolition plans, which include viewing of the implosion.

[VIDEO] Family take dead family member to Old Mutual after no funeral pay-out

[VIDEO] Family take dead family member to Old Mutual after no funeral pay-out

Khabazela shares tweets and Facebook posts that have gone viral.

'Pravin Gordhan is part of SAA mess, he is not a saint'

'Pravin Gordhan is part of SAA mess, he is not a saint'

Wits School of Economics and Business Science senior lecture Lumkile Mondi says the South African Airways crisis is self-created.

3 best JSE shares to buy, right now (by The Robert Group)

3 best JSE shares to buy, right now (by The Robert Group)

Devin Shutte (Head of Investments at The Robert Group) shares his stock picks of the week with Bruce Whitfield on The Money Show.

[WATCH] SABC reporter heading for danger during looting goes viral

[WATCH] SABC reporter heading for danger during looting goes viral

Khabazela shares tweets and Facebook posts that have gone viral.

How to buy your first share (even if you only have R50, or less)

How to buy your first share (even if you only have R50, or less)

Got R50? No? Got R5? Personal finance expert Warren Ingram on how to buy shares with tiny amounts of money.

13 tips for saving hundreds (nay, thousands!) of rands each month

13 tips for saving hundreds (nay, thousands!) of rands each month

The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.