Augmented Reality to take the place of the travel brochure. AR and VR have been leveraged to enhance tourism sales. VR and AR visitors were able to enjoy a lifelike experience of the place before they go on a holiday. Through the use of Virtual goggles, visitors were able to undergo virtual tours of hotels, walk around New York with a 360-degree view, and get on a computer-animated simulation of a cruise-ship tour.
There were so many things that have to be understood about VR and AR. Aside from its opportunities and challenges, destination VR and the benefits of these technologies to operators have to be assessed as well. Volumetric video as the technology behind the success of VR and AR.
IBT Berlin also sheds light on VR trends that are applicable in the travel industry. Trade fairs and special events and their digitalization focusing more on AR and VR technologies. Another thing is the application of VR technology in Ingress Agents and Pokémon GO Trainer, and what the tourism industry must learn from it. VR and AR technology integration in the concept of creating a smart city like Luxembourg. Immersion in virtual reality is another concept that needs understanding by many. This is especially true of the non-technical aspect of immersion and why the human brain yearns to be entertained.
Every entrepreneur in the tourism industry must also be aware of the trends and developments of AR and VR that can be used in the industry. VR for destination marketing is one other aspect of AR and VR that has to be discussed more. One case example would be the use of this technology in cruise ships.
It is indeed important to understand thoroughly how virtual content can be easily integrated into the real world like in the case of the Pokémon Go game.
If you want to understand more about VR, AR, and virtual tours, check Virtual Tour Easy!
Business and technology have always been working hand in hand. The need to develop better business practices leads to technological innovation and vice versa. An example of this symbiosis between technology and business is the creation of 360 virtual tours and virtual reality which focuses more on enhancing image sequencing and 3D reconstruction. This enables businesses to show their new spaces or properties to customers that are remotely located.
The technology is not that new but over the years the processes and tools involved in the use of it have become better. That is why there are many startups in Houston that have integrated the technology in their websites.
The following are the popular reasons for the Houston businesses to have embraced the technology and a case study of a business that used it.
Backyard Axe Throwing League or BATL is a local business that deals with a game that enables one to throw an ax at a wooden target. It is a game that suits any type of affair from birthdays, bachelor and bachelorette’s parties, group meetings, etc. The problem at first is that it is a concept that is not known to most people.
Through the virtual tour, the event or party planners can simply take a sneak of the facility, figure out the space allotted for it, and get a good sense of the game. It’s a great means of spreading the word about a new business with a novel concept.
Businesses that have niche services or products may not always have good foot traffic. Foot traffic is essential to all types of businesses. It’s an age-old problem that has a modern solution. Through virtual tours, customers and potential ones can view the real estate properties even in their own homes. That means that there is no need to spend large amounts of money on prime real estate when the internet can render more widespread exposure to the properties.
2. Easier Demonstration and Illustration
Virtual tours can be effective in demonstrating a particular product or service that may be difficult to describe and sold. If the nature of the business is manufacturing or it entails experiencing the product, virtual tours are a great help. An example of this is the perfume company or the brewery. A tour can be created based on the production process up to the packaging of the products.
3. Better Customer Engagement
When a virtual tour is used by a customer, the customer is more engaged with the business in a more meaningful way. With a virtual tour, a customer can have a full sense of experience and vision of the product which tightens its connection with it. The virtual tour is much like opening the door of the shop to your customers who are far away instead of letting them gawk from the outside window.
4. Improved SEO Ranking
SEO or search engine optimization is the process of increasing the site’s visibility and search engine ranking. This is measured by the amount spent by users on your site and their amount of interaction. A virtual tour makes it easy to achieve higher SEO ranking for the business site.
All these make it possible for virtual reality tours to become a major part of the businesses’ marketing arsenal. If you like to know more about integrating a virtual tour in your business, you can start by checking Virtual Tour Easy.
A report by Accenture disclosed a number of companies that started to implement extended reality (XR) technology, among them are virtual tours and augmented reality. The report entitled "Waking Up to a New Reality: Building a Responsible Future for Immersive Technologies" highlights not only the opportunities that they provide but also the dangers and risks that are encumbered. The authors of the report stated that aside from its threats to privacy the technology may also be detrimental to mental health.
Same as cloud computing and artificial intelligence, XR technology’s value is dependent on data gathering and interpretation. The difference is that with XR technology the data is highly personal. That means that when we use of AR applications we expose a substantial amount of personal data; the most popular of such apps are those that power the filters of Snapchat and Facebook. These are the apps that collect our biometric data once we show our face. The data includes facial expressions, speech information, and even retina patterns. Some apps of this kind can capture everything that the user hears or sees like those devices that involve the use of headsets. Examples of these are Google Glass or Microsoft’s Hololens.
It can be risky to let the kids play with different apps. Furthermore, no matter how much assurance the social media sites give online users that their systems are secure and that user privacy is highly respected you simply cannot tell who can access the app and what they do with your data which there can gather.
According to Rori Duboff, content innovation department head at Accenture Interactive, the users must know what will happen to their data particularly if it is more personal and sensitive. They have to be aware of the data will be used to enhance the user experience of the app or if it is stored for other purposes.
Some patterns suit this concern of users. Some users opt to turn off their location services out of fear that they are exposed constantly. Users often share data on their behavior and movements which can be easily used to steal their identities. Currently, the XR technology is immersed in gaming but it has already started getting into the socialization realm.
VR technology is used today in such a way that blurs the barrier between what is virtual and what is real. We use avatars for payment; VR and AR are often used for training and monitoring on-the-job performance of employees.
Another risk involving AI and VR is that prolonged exposure may lead to problems in mental health. Internet addiction is one aspect. Another is the young people’s widespread use of social media. Young people use social media as a refuge from reality. They also tend to measure their self-worth according to the number of likes and follows on social media sites.
Another danger to the use of AR and VR apps is online radicalization. More evidence shows that being overexposed online can lead to extremist views or even terrorist actions. It used to be that users view the world as one dimension but today with VR and AR technology it has become more complicated.
Duboff advised that it would be necessary to not only focus on the transformative impact of these technologies in society today but also to take note of the possible risks and dangers that go with them.
Virtual tours and other application of XR technology are significant. If you want to know more about the uses of virtual tours, visit Virtual Tour Easy.
Virtual reality has unexpected uses in various industries. Most people think that it can only be applied in gaming, entertainment, and movies like those in Ready Player One. However, there's more than that. The following are the top industries that benefit the most from this type of technology:
1. Construction and Real Estate
When it comes to construction and design, people can be easily persuaded when they see the end product. Virtual tours are perfect for visualization. Studies revealed that 75 percent of online users prefer to view a virtual tour before they decide to buy. Through virtual reality, it is possible to look around the property and even oversee its construction or add furnishings and do some changes in the design without being in the actual location. Architects and designers also benefit more from virtual reality. It is easier for them to visualize the construction plan and to check for any possible mistakes and to share professional opinions with colleagues.
People love sports. Millions of people around the world watch live events online or watch races on TV. Some services broadcast live events on 360-degree cameras. This enables everyone to witness the event as if they were in the actual game. Professional athletes also use virtual reality for training. Ski members can use virtual sessions to practice for the Winter Olympics in Korea. It may also be used by players for post-trauma rehabilitation.
VR is a superb tool to attract more customers in the retail industry and to increase profits. Seventy percent of customers expressed their interest in doing virtual shopping. There are new experiences that virtual reality can provide customers from the ability to try on clothes from the shop without leaving the home to decorating a dining area that’s not even created yet. VR is highly applicable and scalable.
A 360 virtual tour has just started in the automotive industry. It is possible to create a concept and design a manufacturing line using virtual information. Ford has an immersive vehicle environment which enables engineering forces from different countries to combine and produce a design and simulate the assembly process. Other automotive companies focus on virtual user experience, allowing customers to test-drive virtually.
There are many interesting and efficient applications of a 360 virtual tour in education. The education process is made more interactive and informative through simulators and immersive workshops. In general, VR enhances the engagement of students and the efficiency of the education process.
People from various industries use virtual simulation to upgrade their professional skills. This technology aids people in handling dangerous and critical situations such as firefighters, military, doctors, etc. VR also makes it possible for training and workshops to be highly engaging and more innovative.
6. Film and Entertainment
It started with a 3D image and then it led to the interactive film. We can expect to find more virtual reality cinemas in the future. This new experience where the storyline and the viewer both become elements of the movie is called cinematic VR. This is based on 360-degree videos taken with the use of a special camera. Many companies use VR technology to present their products in a different twist.
Tourism just like real estate can gain the best advantage through using VR technology as a visualization tool. Travel agencies can showcase destinations better compared to the use of brochures. Thomas Cook used a 360-degree virtual tour to convince people to travel more which increased bookings. Virtual reality can also be used in museums and art galleries such as the British Museum and The Metropolitan Museum of Art that used 360-degree video excursions to show their artifacts to the people.
8. Marketing and Advertising
Consumers today no longer respond to traditional advertising. It is virtual reality that can make them awed. It offers a great means for consumers to have a different experience of interacting with the brand. There are multiple ways to use VR for advertising. Every brand has creative ideas and brand-new solutions. It can be used to tell the story of the company and how the product came about. It can also be used to provide entertainment for a summer collection for instance. VR offers marketers a lot of opportunities to create and keep their customers interested.
9. Health Care
Virtual reality in health care can benefit both doctors and patients. Patients can receive therapy through VR applications which will do away with phobia and fears. Some solutions can help in sharing knowledge and experiences such as emergency training, virtual surgeries, and also VR anatomy apps. You can also have a live stream of an operation. There are many possibilities in VR technology application when it comes to health care. Perhaps in the future, it may not be necessary to go anywhere to get checked by a physician.
There are many uses of virtual tours and virtual reality. If you want to get started on using this technology, you can create your account on Virtual Tour Easy for free! Sign up today.
A standard practice in the foodservice industry is to have new hires sit through a training session and Honeygrow, a fast-food chain that specializes in stir-fry and salads follows the same procedure with their recruits. Cleaning up messes, stocking the fridge, and preparing menu items are topics discussed in the training. With that said, applicants don’t necessarily need to don aprons or follow someone’s footsteps to know the ropes. They don’t also need to sit through a safety video or focus their attention on a thick handbook. They use VR.
Applicants are given a Honeygrow location tour made possible through a virtual reality headset which allows them to have a 360-degree view of the surroundings while hearing from founder and CEO Justin Rosenberg about company values. The same immersive and engaging training experience is provided across Honeygrow’s 17 (and counting) locations.
Many of the new recruits have already been exposed to some of the VR training features during their interviews and are ready for training. Honeygrow collaborated with Philadelphia-based Klip Collective to use this experience as a recruitment tool with their virtual tours.
Recruits will be able to immerse themselves in a game in which they virtually stock an animated walk-in refrigerator as they watch real-life employees in action with Honeygrow’s VR training. The game is fully realized with ambiance and music that plays corresponding animal sounds which users input through remote control with falling confetti to reward players for completing the game.
It should be noted that Honeygrow is not the sole retail company that has integrated VR to employee onboarding. Walmart, for example, has shown interest in incorporating the technology into its 200 training academies in early June of 2017 from which more than 140,000 associates graduate annually by the end of the said year. Walmart worked hand in hand with Strivr, a VR research and development startup that was formed out of Stanford University’s Virtual Human Interaction Lab. According to its Website, Strivr utilizes VR to improve the overall performance of athletes, brands, and organizations. A 30 percent increase in the ability to recall topics is what NFL quarterbacks who trained with Strivr have experienced, which is quite impressive.
Even though Walmart does not usually release data with regard to the result of its VR training pilot program, a company spokesperson has disclosed information that they have received significant results enough for them to expand the program. The company was able to notice a huge improvement in both the retention of the material as well as engagement with the content.
In early May, Honeygrow began rolling their VR training out for testing. The company has been keeping track of what percentage of its managers were certified on several categories within its training program even before adding VR. As a result, Honeygrew received an increase of team members who were certified of culture from 50 to 77 percent just within 30 days of implementing VR technology.
You may also start training your employees through virtual tours. Virtual Tour Easy is a virtual tour creator that can help you create interactive virtual tours in just a few seconds. Try creating one today!
Through technology, travel destinations reach travelers faster and closer and it helps them experience the place before they even book. The virtual tour replicates not only the sights but also the smells and sounds in the area.
Your mobile phone can offer you possible destinations based on your most recent searches, preferences, and travels. You can come up with a shortlist and search engines will prompt you to go on a virtual tour using a quick response code to be scanned in any virtual reality destination. Here you can conference with a friend and tour a scenic destination. You will be able to choose flights, hotel rooms, and packages using the virtual tour. All you have to do is link your biometric systems for you to use it for customs, airline check-in, and hotel check-in. You can also pay through your crypto account using coins, cash, and points.
Generations Y and Z are more tech-savvy and 60 percent of them are more likely to choose a travel destination using social media instead of paid ads. The sharing economy also came into the picture and that’s why companies like Airbnb and BlaBlaCar have become game-changers.
Virtual Tours Bring Seamless Experiences
The journey of a traveler who uses virtual tours has been changed mainly due to his or her desire to have seamless experiences, personalization, reliance on peer-based feedback, and instant gratification. Such travelers are growing. According to statistics from The World Tourism Organization by 2030, there will be 1.8 billion international trips.
Augmented reality is currently used for language simply by pointing smart phone cameras at words, routing, and navigation. This is the basis for the interactive New York Subway map.
Internet of Things (IoT)
The Internet has an impact on the discovery and booking processes through the voice-enabled Alexa search, Kayak, and Booking.com. Guests can also have keyless digital entry to hotel rooms, baggage tracking and notification, seamless integration of your own gadgets and interconnected hotel room devices.
AI-driven engines are more inclined to learn consumer behavior. The more information AI gets from you, the better the recommendations it can provide with more economic and emotional benefits to the providers. Mobility app, Mobacar, makes use of machine learning for predicting the mode of transport and the type of vehicle a traveler may prefer and pushes only the relevant offers.
Biometrics can help in the identification documents such as passports through the use of fingerprints, facial, or iris recognition used in customs, hotels, and airlines.
The entire travel chain has been changed by Blockchain as it increases disintermediation and democratization. It can remove the intermediaries and balance the bargaining power in online travel agencies and inventory owners. Travala is one example of this. It is a travel booking marketplace that ledgerizes and decentralizes the hospitality industry which enables users to add rooms as supported by smart contracts.
This technology is used for automating tasks that are monotonous. You can have consumer service robots and digital concierge and social robots. These can answer queries on predeparture gates, directing passengers to restaurants they prefer, or to help them access the Wi-Fi.
The New Age Customer
The customer is evolving today and he or she has been pampered by the services offered by travel intermediaries and the rise of other inventory providers such as digital tours and tour guides, online travel aggregators, and metasearch agencies. Hotels and inventory owners no longer have much bargaining powers due to the huge online travel agencies. Airline loyalty programs don’t have that much influence on travelers anymore. A good deal on a particular platform can help shift loyalties.
The landscape of hospitality and travel industries will offer an opportunity for alliances which allow for a new and sustainable ecosystem to be set up. Boundaries are being blurred and partnerships have emerged. Travelers are expected to gain more value for their travel money, and they will be pampered with multiple options due to innovations.
Almost every creative field including architecture has been radically changed with the help of virtual reality. The field of real estate and architecture embraced immersive tech in just a short amount of time since its inception a few years ago. Many consider it to be an invaluable tool, helping relay a property design.
Architects and their respective clients can work as true collaborators during the design phase of their projects with the help of the technology promptly. Having a fully-visualized interior before deciding the fine details makes it possible to create a property walkthrough pre-build. Its novelty has worn off, but the technology stays relevant, becoming a groundbreaking resource in the design, communication, and property trade. Let us look at what role immersive technology plays in changing the work and function of architects.
State of the Art Visualization
There is a story in every building an architect creates. The functionality and purpose of the property need to be cohesive, and this can be seen in how architects tell their stories, bringing them to life through paintings. Drawings, 3D models, and 2D digital simulations were often the visual narratives architects use to relay information to their clients. Although these methods are proven to work, their scope is somewhat limited as this does not allow an individual to truly immerse themselves inside the property.
Things changed for the better in the introduction of VR, this having the ability to immerse an individual into a projected building, giving a much clearer overview of its layout. Architects can save a fair amount of time and resources with the help of this immersive tool. VR has poised itself as a discovery tool with its ability to find design flaws earlier before breaking ground. The option to explore and have a feel for the interior and exterior of a property is available from the get-go as if the individual steps inside the building. Things can also be easily changed if there are elements that do not go well to the overall value of the building.
Collaboration with Its Design
Architects, interior designers, and clients can work hand in hand to complete on design through virtual and augmented reality. The process itself can be troublesome and can consume a considerable amount of time, but it is something that should not be overlooked. Changing layouts, adding windows, doors, and hallways all from a headset is a welcome change and at the same time helps cut downtime and fees when done throughfree virtual tours.
An Effective Training Tool
VR provides timely information of a property to potential clients while at the same time the future generation of architects will be able to use the lessons administered within the tool. VR has become a staple tool in the field of medical, automotive as well as architecture and real estate due to the teaching tools it provides.
Helps Seal the Deal
The final step passed on to a real estate agent is selling the vision of the company and its property. Back then, building completion is what agents will be waiting before they are allowed to step in and build out a selling strategy and messaging points. The process, however, is streamlined through VR. Now real estate agents can get a headstart on finding the perfect client as they will be able to get an early preview of the final product.
Nowadays computer games have become a usual part of our life. Keyboards, mouses, gamepads, joysticks – all these devices are so familiar to us, so we had no such interest in games as it was at the beginning of our introduction to video games. We don’t feel being a part of events happening on our screens and smartphones while we’re holding them. So how can we return to the previous experience? The answer is virtual reality.
The first virtual reality system appeared in 1962, however, it has begun acquiring the greatest popularity only now. And now it is time when it is not just moving forward – it’s jumping up! So let's see what this sphere is all about, and why now is the best time to think of your virtual reality business model.
Virtual reality is multifaceted, you can use it in medicine, construction, make 360 tours for real estate and sell apartments as our partner's virtual tours easy, develop games, do training in virtual reality, but we want to talk about our sphere.
Entertainment is a large sphere for sharing your ideas meanwhile receiving money. Grand View Research forecasts, the worldwide VR gaming market, is thought to reach about 46 billion dollars by 2025 comprising the largest geographic markets now located in the United States and China.
Here you may discover the most noticeable VR companies:
-Sandbox (UFL, Amber Sky 2088, Star Trek: Discovery, Deadwood Mansion, Curse of Davy Jones),
– Avatarico (Cosmos, Mind Horror, Dracula, Alice in Wonderland: Crazy Clockwork)
Also, there are Virtual Room, Golem VR, and many others. Their profit today is calculated in millions of dollars and their VR experiences are already distributed far abroad. However, they also started with some minimal investment. In that case, the most important is not the amount of money, but the ability to choose the profitable investment.
In the diagram below you can see how a young VR industry is developing:
If you are a young businessman and you want to make the right choice in the field of activity and earn money, Avatarico has got some tricks and tips for you.
One of the most promising VR areas is VRcade. That may seem difficult, but like any new venture, it becomes more understandable when you break it down into several key steps.
Choose a VRcade location
Find a place in your city with a lot of people. Choose a space for rent with enough space to set a VR club there and the possibility of its future expansion. It can be a shopping center or a game park with a sufficient flow of visitors. Pricing policy should suit you, and comply with preliminary calculations of the economic part. Your club should have a unique design related to VR or gaming topics. In this matter, you can creatively approach the design or hire designers. Brand promotion and recognition is one of the important tasks of the future VR club.
The club should have a bar and a place where visitors can watch your game sitting in comfortable sofas.
Equipment selection is a key aspect of any VR business. Yours must be among the best products in the VR market: Oculus Rift S and HTC Vive Cosmos. They have the best picture and interaction speed. This equipment will meet modern game requirements for a couple of years.
Before opening, you need to analyze the location of the club. You must clearly understand who can become a visitor to the club, their age, gender, and paying capacity. This research will greatly facilitate your choice. And again, you can do the market analysis by yourself, or hire an agency. You can also consult some shopping center owners. Pay attention to visits by months and a season because seasonality is crucial in every business.
Choose a VR content
The next stage is the selection of content. After receiving the data, you can clearly understand who your potential buyer is and what content you should order. Usually, they are divided 70/30 in favor of an individual game in VR glasses. But those 30 percent you should consider as a location-based entertainment for group visits. LB VR is the most cost-effective use of a headset and territory in a high-margin club. The club can be divided into zones and made for both individual user and group visits.
According to the Space Efficiencies` indicator, the experience of work with 6 players is the most profitable for a room with VR content. Other companies offer a solution for only 4 players, which leads to less efficient use of premises and earnings.
Avatarico recommends using this scheme of interaction with the audience. We have released a series of games and continue developing various solutions to entertainment for 6 players. Our performance is backed up by statistics and the introduction of our products in various clubs around the world. You can try other products, but the reviews of visitors and club owners give you a reason to think about choosing the content.
About the Author:
Anton Zaitsev, Avatarico CEO, AR / VR developer. His company was the first to develop a VR escape game for location-based entertainment. He has been dealing with VR technology for more than 6 years. He likes to share his experience in that sphere providing some useful tips for VR business success. He is always ready to help with any questions related to VR technology. You can contact him at [email protected].
Thirty percent of the total amount of energy consumed by the world comes from the commercial and industrial structures. It requires smart systems for building construction to help control climate change. Innovations in technologies involving the built environment are slow to come by compared to other industries. Across a lot of regions, cities are trying to test different ways to improve air quality, reduce traffic congestion, and to be able to supply clean and sustainable energy to the residents. The following are the top trends that shape the future of the built environment as discussed by experts in the field:
Pop-Up 3D-Printed Houses
3D printing is the more affordable, faster, and a highly innovative means of building in the construction industry. It is not impossible to see 3D printed houses becoming mainstream in the next few years. Using 3D printing, construction time could be cut short by hours to weeks. Customized components are likely to become cheaper as well. The best advantage of 3D printing is that it allows for more temporary and flexible accommodation. The idea is for people to be able to build homes in 24 hours and stay there for a couple of years. In 2018, the technologies construction company Icon came up with the first 3D-printed home in the US. This year the company aims for a first 3D printed community.
Co-living and Co-working Spaces on the Rise
Co-working and co-living spaces have been revolutionizing the property market. This sharing economy has been constantly on the rise. Many service tenants and buyers are always looking for more flexible and affordable residency options. When it comes to the co-living market, real estate startups have been dominating it. These startups are known as Proptech companies. These companies develop space-efficient, tech-ready, and affordable for professionals and students who prefer co-living. The whole process from booking to generating a contract is done online. This means that anyone can simply book online and move into a flat share. Utilities and Wi-Fi are included in the setup.
One of these Proptech companies is Medici. Medici offers an apartment and hotel hybrid units which can include en-suite bedrooms with kitchens, laundry areas, living areas, gyms, and workspaces that are communal. Buildings erected by Medici have weekly networking events and an app that residents can use to book comprehensive services and use smart-living technologies. Another company WeWork offers super sleep workspaces in Manhattan including all amenities from IT services and coffee. This follows the community model which enables tenants to network with entrepreneurs and innovators.
Electromobility for Smart Cities
Berlin is a smart city and it has committed to let out 1 million electric vehicles on the road on 2022. You can find electric cars around Berlin with different charging stations around the city. You can easily find e-bikes and e-scooters around Berlin. E-buses are also currently tested. Electric vehicles offer drivers cleaner and more affordable transport particularly when cars are charged with renewable energy. Smart cities are also encouraged the electrify public transportation.
Big Data Use in Building Maintenance
In the next decade it is expected for buildings to run on a digital backbone that can control and measure all the facets of the structure. An intelligent building starts from the construction phase when a sensor is built in each brick which in turn will make the house a data-collection mechanism. This almost translates to automating building maintenance. You can easily notice when a new roof or certain parts of the house will be rebuilt. This technology can also be extended to cities that use data for revolutionizing their spaces. Sensor data can help control almost anything from monitoring parking spaces, full trash bins, and intelligent streetlights. Cities may also have automatic irrigation and transportation systems.
Eco-friendly Smart Buildings
An eco-friendly smart building today is nothing like those in the past. You can find buildings that can purify the city air and housing developments that create more energy instead of simply consuming it. Smart buildings have some common elements such as intelligent energy systems for controlling temperature, security, and air quality, recyclable construction materials, and renewable energy sources. Andreas Koster, from Garamantis which is an interactive digital installation firm, said that various buildings in the future will ensure that various sensors are placed in each room. This enables the management to control the settings and maximize the use of energy.
VR Site Visits
The traditional use of pencil and paper in building design is still dominant in real estate but it is slowly changing with the help of technologies such as virtual reality and artificial intelligence. The entire structure of the building can be visited like in its actual physical space through a virtual tour. Virtual Tour Easy enables companies to create a virtual tour in just five minutes. This will enable you to enter the structure, look around, turn your head and head on to the next room. It gives you the complete sensation of being in the building yourself. This is advantageous to property buyers who barely have time to travel.
As a real estate agent, you can use these trends to help build a more productive community. Start by using the virtual tour for your property listings. Contact us here for more information.
During the housing market crash in 2008, an entrepreneur plunged into the real estate industry without buying properties. Glenn Sanford started eXp Realty which is the first cloud-based real estate brokerage.
The eXp Realty built its mega-campus virtually with the help of VirBELA. The company showed the impact of a dematerialized workspace. It cut down the cost and also redefined the term “real estate.” After 10 years, eXp Realty already has 14,000 agents across 50 US states and in 3 provinces in Canada without the company setting up a physical office.
Virtual reality and Artificial Intelligence or AI have been working hand in hand to revolutionize the entire real estate and construction industry. That’s why you have flying cities and driverless cars. They are also removing the middleman in the process. A forecast for the global construction industry is for it to surpass 12.9 trillion dollars in 2022. Last year’s total value of the housing market in the US was $33.3 trillion.
Even today, location is still the primary consideration with regard to finding the right property. The limitations of land increased the cost of land, and urbanization has continuously caused problems. Today there are two mechanisms that are known to have been driving the creation of brand-new locations: floating cities and flying cars or autonomous electric vehicles.
These are offshore habitation hubs. This has been seen as a solution to the rise of sea levels. If this becomes a success, this will entail abundance in real estate, recreation, commerce, education, and scenic living. A good example of this is the Oceanix City which was created by the Oceanix BIG-Bjarke Ingels Group. This would be a galaxy made up of hexagonal floating modules which are built as satellite cities of the coastal urban locations and run by renewable energies.
A 4.5-acre platform can sustain 300 people. The hexagonal modules are linked to the 75-acre tessellations that can sustain up to 75,000 residents. They are anchored to the ocean floor with the use of biorock. Electric boats and flying cars will bring you to work. Meals will be supplied by vertical and outdoor farming. Share economies will provide the goods.
Flying Cars or Autonomous Electric Vehicles
With today’s real estate properties, location is valuable when the property is near the workplace, the best schools, or the business district. This will all change when you have driverless cars that will bring you to the workplace. There will also be autonomous ride-sharing services that will do away with parking problems and will remove you from the steering wheel. You can also choose to go via aerial taxis. Uber has plans of setting up the UberAIR airborne taxi project. By 2023, it will roll out its first drones in Dallas and Los Angeles. Drones flying over the rooftops would be able to accommodate passengers at 1,000 to 2,000 feet at about 100 to 200 mph speed.
The Disappearance of the Middle-Man
Buyers would aim for a continuous and personalized preference-tracking that can only be provided by an AI. Over the next decade, AI will be the agent while VR acts as the medium. Around 98 percent of the home searches would be conducted right from one’s couch through the use of a virtual tour. When you have keyed in all your preferences, the AI will seek for the best fits to your search.
There would also be new construction materials to use in the next decade namely the nanomaterials, upcycle materials, and the self-healing infrastructure. If you want to know more about how VR, AI, and how virtual tours can help you improve your business, you may visit Virtual Tour Easy