Disrupting the disruptors: How VR is re-energizing long-established industries

Technology has progressed leaps and bounds in the past decade, giving rise to a whole new host of industries, while crippling and making some traditional industries obsolete. Even as some segments such as mobile phones, home consoles, data storage continue to prosper and grow, there have been signs of a comeback by some traditional industries, made possible by Virtual Reality (VR).

Hubert Larenaudie, President APAC, Unity Technologies discusses how VR is disrupting not only just entertainment, but entire industries at large as once traditionally considered industry standards become obsolete.

Disrupting the disruptors: How VR is re-energizing long-established industries
By Hubert Larenaudie, President APAC, Unity Technologies

Hubert Larenaudie, President APAC, Unity Technologies
Virtual Reality is not a new medium, but it is being utilized in exciting new ways that are disrupting not just entertainment but entire industries at large as once traditionally considered industry standards become obsolete.

New VR devices have naturally found a place with gaming’s notorious early adopters. While the home systems continue to dominate the gaming industry today, even more so with the rise of mobile gaming[1], a lifeline has appeared for the once-booming arcade industry in the form of Virtual Reality (VR). VR has given rise to a fresh new audience for traditional arcades; players can immerse themselves in games and environments via technology that might be normally cost-prohibitive (owning a high-end VR headset does not come cheap and requires a powerful computer) or not yet available (Oculus, for example, is not available in China). And numerous companies, like HTC[2], are jumping to meet this demand while locations popup around Asia[3]. Other only-in-arcade innovations that enliven VR experiences include things like fans, treadmills, and tactile feedback, upping the ante and helping arcades to claw their way back into the fray.

One US VR start up[4] is taking this idea even further, and has already caught the eye of the world by marrying both virtual and physical worlds together. The company aims to drive the distribution of Virtual Entertainment Centres (VECs) where people can immerse themselves in custom-built arenas, with the differentiator being the use of specially constructed physical environments which mirrors the physical landscape of the virtual world that players experience. The likes of doors, buttons and fire in the virtual landscape are all imitated and have a physical representation the real world, providing players a complete immersion into the virtual environment, making reality all the more real.

The more familiar consumers become with VR, the more readily they will accept and expect it in everyday life, and this disruption brought about by VR is not only limited to the arcade industry. The levels of immersion, involved engagement and freedom that VR allows are re-energizing other industries as well. From education, where educators can bring students to historical sites around the world in first person without leaving the classroom, to interior design where home designers and owners can see the potential décor of their project, VR knows no limits when it comes to location and environment. VR has also created whole new development and research fields, as with psychology, where VR is being used to treat cases of Post-Traumatic Stress disorders and phobias. With an unbridled ability to “transport” a consumer, businesses, researchers, artists and educators can think radically differently about how to reach their audiences, innovating beyond content delivery to business models themselves.

With more research and developments into VR technology underway and translated to new experiences, industries across the board are starting to realize the benefits and potential of VR. This has created a cycle of sorts for VR where new breakthroughs are applied to more services, which in turns spurns greater interest in developing better experiences and expanding applications It is via this cycle that traditional industries can expect to make a comeback and take centre stage, while pushing the once ‘disruptive’ industries to innovate to continue staying ahead.

[1] Mobile Gaming is Box Office Business, Yahoo Singapore, February 2017
[4] The Void, The Void

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