Revolutionize High-Risk Industries With Extended Reality

January 4, 2023

Extended Reality technology services are paving the way companies handle tasks and communicate with their clients. Many industries benefit from XR solutions, including the high-risk sector. The blog will emphasize how Extended Reality App Development Services revolutionized the high-risk industry.

If we go back only a decade, the way we do business has completely changed. Because of significant technological advancements, technologies like XR have assisted companies in using the Extended Reality app to enhance their business functionality.

Now, the virtual and real worlds are merging, reshaping the landscape of many sectors. Many sectors have witnessed how these encounters force them to think differently and develop unique ways to overcome limitations and challenges. Extended Reality technology services allow customers to connect with products and services in new ways, increasing consumer engagement and loyalty.  

As it helps minimize the risk factor, Extended Reality technology services are rapidly being utilized in high-risk-prone industries and processes to address the challenges.

Extended Reality app development services have simplified high-risk industries to many extents. By participating in XR training sessions, learners can practice completing challenging tasks and interacting with 3D objects in a secure, risk-free environment.

However, Extended Reality technology services address more than just the distance between information and talents: XR technologies, such as 3D settings, dramatically improve the ability to gain meaningful information. They create a new world that allows humans to receive new knowledge that they would not be able to obtain through their eyes, imagination, or intelligence.

Market Size of Extended Reality Services

The Extended Reality (XR) industry is predicted to reach $463.7 billion in five years. In fact, if nothing changes between now and 2022, the XR industry is anticipated to reach $209 billion this year, which is eight times what it is now.

Forecast distribution of the global augmented and mixed reality market in 2022

XR can be divided into three technologies:

1. Augmented Reality (AR) 

AR is a technology that superimposes 3D computer-generated items onto a real-world environment. Once installed, learners can engage in realistic interactions with digital items that help them improve their technical abilities and product knowledge.

2. Virtual Reality (VR)

VR, the most well-known XR teaching tool, employs an environment comprised of 360° simulations. Learners can build skills in these settings by engaging in true-to-life circumstances without incurring real-world threats.

3. Mixed Reality (MR)

MR, a hybrid of AR and VR, integrates the physical and digital worlds using powerful computer technology, visuals, and input technologies. Learners use MR to engage with digital items and people, films, photos, and other digitized materials while remaining in their real-world surroundings.

4. Benefits Of Extended Reality Services In High-Risk Industries

Extended Reality Technology Services are changing how high-risk industries train their employees to deal with risk through highly engaging and safe learning practices. Extended Reality (XR) instruction combines the actual world with digital resources or completely simulated surroundings to enhance the learner experience. 

Extended reality enables users to see, hear, and comprehend things in ways that are not feasible in real life.

Although many people identify it with the video game business, these technologies are increasingly being implemented in various industries. It facilitates the adoption of innovative techniques that improve company offers and customer experience by organizations with relatively traditional business structures.

Using Extended Reality Technology Services training in high-risk sectors provides the following four advantages:

1. Keeps personnel and equipment safe

Organizations can use XR to protect their equipment and staff by producing accurate digital replicas of equipment that eliminate the risk of training on actual apparatus.

2. Reduces on-the-job errors

XR fosters a learning environment where people can learn from their errors and boldly use their newfound knowledge in the real world. Before stepping on the job, learners can repeat procedures on sophisticated apparatus, make mistakes, and learn from them.

3. Develops abilities in a risk-free setting

Employees' skills are developed in a risk-free learning environment where they do not have to worry about destroying equipment or harming themselves or others.

4. Long-term information retention is ensured.

Employees learn by using experiential learning in an XR environment. Learners are more likely to recall material  for longer lengths of time after training if they participate in hands-on, interactive learning activities using XR technology.

Extended Reality Examples for High-Risk Training Scenarios

1. Prepare employees in retail to handle robbery situations

Using comprehensive VR technology, your company can simulate a robbery scenario at one of your shop locations. VR allows learners to experience a robbery scenario, where they learn how to manage the situation by making critical decisions that affect the robber's behavior. It is advised for use in the retail and food service industries.

For example, a thief can request that a trainee hand over all the money in the register. A student has the option of complying or reaching for their phone. The robber will respond and continue challenging the student based on their decision throughout the scenario. This program teaches learners correct practices, safety advice, and decision-making during potentially dangerous situations.

2. Teach students how to manage complex equipment 

Your company can use AR technology to generate comprehensive 3D representations of complicated gear. Learners anchor a digital item on a level surface in front of them using a tablet or smartphone device and then perform realistic interactions with the object.

Learners, for example, can practice diagnosing problems and performing multi-step activities, such as turning an object on and off and fixing one of its pieces. This augmented reality lesson provides learners with an inside look into the inner workings of products while simultaneously teaching them how to handle and maintain expensive machinery safely. 

3. Create a last-mile delivery scenario for successful delivery

Last-mile delivery, the final stage in the product delivery process, is critical to ensuring that things arrive on time and in good condition. Learners are sat behind the wheel in a completely realistic driving experience and must complete tasks as if they were real.

For example, in a simulated experience, learners are encountered with adjusting their mirrors, ensuring that their car is safe to drive, and successfully driving at the correct speed and direction. During the exercise, learners must avoid risks such as pedestrian crossings and traffic offenses.

How Can An Extended Reality System Help Your Training?

An XRS delivers value to a company's training endeavors by assisting them in scaling their XR training independent of a learner's location. This allows for high scalability and accessibility for learners worldwide while keeping the training content consistent and effective.

Without an XRS, firms will have to upgrade devices physically and can even have to juggle different training programs, resulting in an inefficient management process. An XRS delivers a degree of simplicity and ease of use that would not be possible if XR training were managed manually. 

Summing up 

XR is a catch-all for immersive learning technologies such as VR, AR, and MR. These technologies, which augment or simulate reality through digital materials, are an efficient approach to improving corporate training programs.

By incorporating Extended Reality App Development Services into your training, you can immerse your learners in a multimodal world that is more interactive, engaging, and successful in the long run.

Now that we've defined XR training, it’s time to take action. If you belong to a high-risk industry and want to design an Extended Reality App, Consagous can help throughout the process, from wireframing, to designing, and even marketing.