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Showing posts with the label XR Technology

Top Innovations in Extended Reality Technology

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Technology is advancing rapidly, even by modern standards. Once upon a time, it took years for a new developmental project to be announced, but today a multitude of groups announce a new innovation in extended reality technology within months of each other. These groups are working tirelessly on XR developments that effect the world we live in in drastic ways. These advancements deal with hardware, processors, computing devices, and even digital rendering technology. XR is used in subtle ways every day that people don't even recognize as anything other than ordinary, but this extraordinary technology is science fiction realized. It's the pages of a novel made physical- or rather digital. Here are the top ways that XR technology is being used today, and how they came about. Virtual Reality Headsets Virtual reality would obviously be nowhere without VR headsets, but its not the headset itself that is innovative. It's how it became mainstream. VR head mounted displays (HMDs) w...

Is Extended Reality (XR) the Future of Virtual Events?

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Extended reality (XR) technology has burst onto the scene recently as the world has desperately pursued techniques to connect remotely with people across the globe during the pandemic. However, as COVID-19 rates decrease and the world goes back to "normal," it begs the question, "What does it mean for extended reality technology and remote events?" Some experts predict that the world will never return to how things were, and XR technology has become a part of our day-to-day lives. Extended reality (XR) technology has transformed the virtual, live, and hybrid event space. Using immersive technologies, event organizers can now enhance the guests' environment, transport them to new places, and enable them to interact with realistic 3D virtual objects. In this blog post, we will explore the role of XR in virtual events and its advantages. In this Blog, 1. Extended Reality Use Cases for Events      1.1 Virtual Exhibitions and Events ...

What is XR Technology- A Practical Guide to Extended Reality

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Extended reality technology is one of the fastest growing technologies of the 21st Century. With a CAGR of 38.5%, it is expected to reach 394.8 billion USD in revenue by 2030. ( Source ) Although it's rapidly gaining recognition amongst older generations (almost as fast as younger generations) many questions remain as to what XR technology is, what it can do, and which type is best for a given scenario or person. Here you'll learn what extended reality is, and the top innovations and their uses to help find which one is best for you. What is Extended Reality? Extended reality is a form of digital reality used to supplement or eliminate the physical world. It's a way of enhancing the world around us. Using digital imaging, XR technology can add context and understanding to physical scenarios with augmented reality. Using the same sort of imaging, virtual reality can create an entirely digital environment for the user. Those are two forms of extended reality, but there is a n...

What are the Business Benefits of XR (Extended Reality)?

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Technology has the potential to revolutionize how we function in the real world. We are in a digital age where physical and virtual worlds are merging, and technologies are modernizing many industries. The COVID pandemic and the shift to work-from-home have only accelerated this convergence since we spend most of our time in front of screens. Extended reality (XR) technology is offering us fascinating ways to interact with products and services, boosting consumer engagement and satisfaction. XR technology was once seen as a sci-fi concept, but it is gaining prominence in many industries. The global XR market size valued at $31 billion in 2021 is expected to grow to $300 billion by 2024. In this blog post, we will discuss what extended reality is and explore how businesses can benefit from it. In this blog, 1. What is Extended Reality (XR)? 2. Five Fantastic Benefits of Using XR in Business      2.1 Enhanced Customer Engagem...

Why XR Technology in Business is Here to Stay

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Extended reality is a big buzzword in technology right now. Extended reality refers to the immersion into a digital world, and business persons have been quick to jump on the XR train to see what it can do for their business. It hasn't always been this way, however. For a long time XR technology was confined to gaming and training for pilots and military members. In recent years, perhaps in the last decade or two, XR has gained more recognition as a tool for every day business operations. There are reasons why XR technology in business is here to stay, so let's get into it. What is XR (Extended Reality)? To really understand they "how," it's important to first understand the "what." What is extended reality? Very simply put, it is an extension of the physical world into an immersive digital one. This can be one where images are projected onto a physical space (called augmented reality) using a display device, or have images displayed in a headset (virtua...

Explaining the Uses of XR Technology in the Manufacturing Sector

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Companies in the manufacturing and industrial space are constantly searching for techniques to make their processes more efficient, productive, and cost-effective. As technology advances at a rapid rate, many organizations are beginning to realize that using immersive technology in their business can solve a series of problems, like slow/expensive product development, complex training requirements, etc. A few years ago, extended reality technology was perceived as a mere tool to enhance the entertainment industry. However, XR is quickly gaining prominence in many industries, including the manufacturing sector. By adopting XR technology, companies can maximize productivity and minimize safety risks in the workplace. In this blog post, we will explore some use cases of XR in manufacturing and how it can benefit your business. In this blog, Use Cases of Extended Reality in the Manufacturing Sector 1. Immersive Training and Guidance 2. Remote Customer Suppor...

Role of XR Technologies in Improving the Healthcare Sector

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Immersive technologies have gained a lot of traction in recent years, thanks to rapid technological advancements. Half a decade ago, many perceived XR technology as a tool limited to the gaming and entertainment industry. However, much has changed after the pandemic, and XR technology is making waves in diverse fields, including healthcare. A report predicts the global augmented and virtual reality market in healthcare will reach $10.82 billion by 2025, growing at a CAGR of 36.1% from 2019-2025. Extended reality in the healthcare industry is beginning to take shape, and in this blog post, we will explore the role of XR in healthcare and some interesting use cases. In this blog, 1. Extended Reality - What is it? 2. Extended Reality's Scope in Healthcare      2.1 Patient Diagnosis      2.2 Practicing Surgery      2.3 Psychotherapy    ...

5 Reasons We Are Hopeful About the Future of Extended Reality in Learning

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The technological transformation is well underway in the education industry, and Extended Reality (XR) is the latest entrant into the EdTech industry. Often people think of XR technology as a new-age tech to enhance the gaming and entertainment industry, but the potential of extended reality is not limited to one industry. Cutting-edge XR technology is making an impact in several industries, including education. Educators around the globe are beginning to realize the immense benefits of using XR technology in learning, and a study predicts the global AR/VR market in education to reach $22.7 billion by 2027, growing at a compounded annual growth rate (CAGR) of 14.6% during 2022-2027. Here are five promising reasons to be optimistic about the impact of XR technology in the EdTech industry. 5 Reasons Why We Think XR Technology will Revolutionize the Future of Learning The Immersive Classroom Experience  Redefining Practical Learning Improved Learning Outcomes Social ...

Pros and Cons of Using XR Tech in Employee Training

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Technology is at the heart of our daily lives. With the emergence of cutting-edge technologies like virtual, augmented, and extended reality, our lives have become more advanced. People often see these technologies as tools to enhance the entertainment industry. XR may have entered the limelight via the gaming and entertainment industry, but the potential of XR technology is not limited to this one sector. A  study  projects the XR market to grow from $26.05 billion in 2020 to $463.7 billion by 2026, growing at a Compound Annual Growth Rate (CAGR) of 62.7%. Businesses have started to realize the potential of Extended Reality (XR) technology and are adopting XR in the corporate training process to give their employees a fully immersive training experience. Continue reading to learn the pros and cons of utilizing extended reality technology for corporate training. Advantages of Using XR Technology for Training 1. Enhanced Visual Training XR technology can make training more effi...

5 Real-World Applications of Extended Reality Technology

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What if you can walk on the moon, visit The Great Wall of China, or virtually try on products all from the comfort of your home? Sounds unbelievable? But, thanks to Extended Reality (XR), all of this is possible. People often perceive "Extended Reality" as a sci-fi concept in Hollywood movies or a tool to improve the gaming experience. However, XR technology is making its mark in several industries, and the number of immersive technology users is increasing at a healthy rate. In fact, a study  estimates 57.4 million people use VR and 90.9 million use AR. These numbers are expected to grow further in 2022 due to technological advancements and enhanced software. Read on to know more about extended reality technology and its applications. What is Extended Reality? Before we delve into the applications of XR, it is vital to know the basics about extended reality. Extended reality is an umbrella term that encompasses present immersive technologies like Augmented reality ( AR ) and...