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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.

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