From streamlining business operations to influencing how employees learn, there is no doubt that digital transformation has changed the way we work. Indeed, as our world becomes more virtual, the need for competitive technology will increase so much that experts predict the Metaverse will become an $80 billion business by 2024. As the biggest companies, such as Microsoft, Google and Apple, heavily invest in the metaverse, it’s time for other companies to step up their tech plan. So, what is this technology, and what can it do for you?

Most companies agree that technology is essential for modern workplaces; therefore, deciding on a budget and how to use it are meaningful discussions for L&D teams. According to the 2022 Findcourses Benchmarking Survey, 75% of employers are planning more technology-based learning this year. However, purchasing complex Virtual Reality (VR) and Augmented Reality (AR) technology accounts for only 14% of their planned investment. When it comes to the Metaverse and all things related, L&D teams are still hesitant, but do they need to be?

Using VR/AR in the workplace 

Knowing how new technology could benefit your organisation is an excellent place to start when thinking about investing. Virtual technology enhances almost every industry, from retail to customer service, construction and design. In medicine, Extended Reality (ER) technology, which includes AR and VR, is used to create vaccines, assist complex surgical procedures, and diagnose neurological conditions.

Moreover, interactive technology opens up a new world of possibilities for workplaces and offices. With the proper HR Training, Human Resource teams can learn how to use VR/AR technology for onboarding, hosting international meetings, and carrying out professional training with trainers all around the world. In addition, the immersive nature of VR enables employees to relate emotionally to their training and helps them retain information for longer than traditional classroom-based courses.

A further benefit is that technology is a cost-effective way to reduce risks, build confidence and develop skills; therefore, the way companies use technology will be crucial to attracting and retaining talent in the future. 

Top Tips for investing in VR/AR technology 

First and foremost, you should consider how you want the tech to work for you. Technology should be a benefit, not a hindrance, and no technology is better than poorly used technology. Before you buy anything, identify how technology will help you achieve your company goals. Do you want better employee training, greater client satisfaction, or improved workplace safety?  

Whatever your aim, these top tips will ensure a smooth implementation. 

1. Consider the benefits. Identify the problem areas in your organisation and imagine how new technology could solve them.
   

2. Weigh up the risks. Before investing in expensive technology, it is wise to identify potential problems, such as whether your company’s computers are optimised for it and how your bandwidth will cope. Consider whether your customers need, or even want, to use it.
   

3. Calculate the cost. After the initial expense of purchasing specialised equipment, you must train employees to use it. Maintaining or replacing equipment in the future also generates extra costs. Most importantly, ensure that there is a budget to cover it.
   

4. Set goals. Building the infrastructure to support new technology should not be rushed. Therefore, leadership teams should implement technology into their overarching company goals and budget. Quality Management training can help team leaders plan their technology implementation accordingly.
   

5. Prepare your team. It doesn’t matter how good your technology is if your team lacks the skills and knowledge to use it. Investing in high-quality employee training should always be part of your technology plan.

With the proper training, planning and preparation, VR and AR will make your operations smarter, safer, and much more engaging. Investing in new technology is an opportunity for all industries to take their operations to the next level and beyond.

Did you know here at Duco Digital Training we offer a series of BCS Accredited online courses? 

Make sure you check them out here: 

· Business Analysis

· Data Protection

· IT Ethics

· AI & Machine Learning

https://www.ducodigitaltraining.com/collections 

About The Author:

Elaine Thatcher is a Digital Content Writer at findcourses.co.uk. She brings extensive knowledge from an 18-year career as an educator in British and International schools, and she believes that learning is a lifelong goal.

Originally from the UK, Elaine has lived in major Asian and European cities and currently resides in Sweden.