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VR Simulation Deployed for Business in New Zealand

New Zealand software company has recently created a VR simulation where executives can work as information security specialists, giving them a better understanding of cybersecurity.

Employees of the corporation will be responsible for developing and implementing information security plans to maintain a power plant operational and profitable while responding to cybersecurity events and challenges in the game. They have to determine whether to take proactive or reactive action in the case of a problem, such as exploiting vulnerabilities or inflicting equipment damage and etc.

The goal is for executives to see first-hand how cybersecurity decisions affect business operations and to demonstrate the connection between cybersecurity and a company’s efficiency. Employees may find it difficult to comprehend specific requirements and the function of other business units as businesses have various KPIs and priorities. This could result in approval delays or arbitrary budget cuts.

As the cost of deploying VR has decreased in recent years, the technology is now being used more widely in Fortune 500 companies, where employees in fields like retail, logistics, and customer service are training in VR headsets to improve their skills.

In terms of VR training in 2021, it means more realistic and data-driven experiences. For example, 5K and 8K stereoscopic videos will significantly improve resolution quality which matters greatly in VR, creating a more realistic view of the surrounding environment.

This gives trainees a first-hand view of the task they will be doing and challenges them to complete a full-fledged simulation that replicates the actual world. From wearing protective equipment and PPE all the way to performing routine maintenance and repair, the possibilities for training types are endless.

As for other businesses, virtual reality could be used in staff training for professionals who work in industries like real estate or construction. Real estate, architecture, and construction businesses could use VR to display how a finished environment will look. They could also be deployed in real-world scenarios to improve memory retention through immersive experiences.

Virtual reality allows people to immerse themselves in any environment that can be replicated on a computer. Increasingly photorealistic visuals “trick” the brain into believing that what is being seen is real to varying extents, allowing participants to observe and learn from their interactions. A great example is the public speaking training systems that have been devised using the tech.

VR training makes it easier to learn more rapidly, retain more knowledge, and develop a deeper understanding of the subject at hand for its immersive nature, which brings people and objects to life. Moreover, VR offers every business the chance to rethink how they present to and engage with, their customers. VR brings up new options for exhibiting products and services as a marketing and customer service tool.

It is expected to become a one-of-a-kind source of information about customer behaviour in the future. This is because when someone is engaging with you in a virtual, digital world, a huge amount of data becomes available on how they act, react and interact.

By the end of this year, the VR sector is predicted to have a stunning $150 billion market and currently, almost 80% of the top tech companies have invested in VR and this number will only continue to grow.

Businesses will be revolutionised by any technology that decreases the travel and communication barrier. Due to the expense associated with business travel, having distributed teams were regarded as highly inefficient a few years ago.

However, thanks to advances in technology and infrastructure, this disparity has significantly narrowed. Virtual reality will further reduce this gap and help businesses in successfully conducting virtual meetings involving different teams spread across the globe.

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

CTC Global Singapore, a premier end-to-end IT solutions provider, is a fully owned subsidiary of ITOCHU Techno-Solutions Corporation (CTC) and ITOCHU Corporation.

Since 1972, CTC has established itself as one of the country’s top IT solutions providers. With 50 years of experience, headed by an experienced management team and staffed by over 200 qualified IT professionals, we support organizations with integrated IT solutions expertise in Autonomous IT, Cyber Security, Digital Transformation, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Well-known for our strengths in system integration and consultation, CTC Global proves to be the preferred IT outsourcing destination for organizations all over Singapore today.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and business services provider. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity and service.

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