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Draft:Cons and pros of virtual reality

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Cons and pros of virtual reality

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In this article, we aim to explore the cons and pros of virtual reality (VR), but first, let us take brief look at the concept of virtual reality itself.

Virtual Reality

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Virtual reality allows users to experience a simulated world separate from the real world, providing them with a new kind of experience. [1]

Pros of VR

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1. Enhance Customer Engagement: Virtual reality offers customers a realistic experience of a 3D product, allowing them to see all its features and decide which one suits them best. This immersive experience increases customer engagement and strengthens brand loyalty.

2. Simplified Product Design: With virtual reality software, designers can combine and align various design elements within a virtual space to understand where each component should go. This helps streamline the product design process.

3. Optimized Return On Investment: Although implementing VR may take some time, it can significantly optimize every part of the value chain. This results in a steady flow of customers and transactions, ultimately leading to increased ROI.

4. Remote Collaboration: Virtual reality headset can map various environments in virtual space, allowing people to communicate and collaborate within a virtual world. This feature is especially beneficial for remote teams who work together but are physically located in different parts of the world.

5. Cost Reduction: In a virtual environment, VR can eliminate the need for costly training methods such as onboarding new employees, evaluating their performance, and conducting review sessions. This cost-effective approach helps companies save both time and resources.[2]

Cons of VR

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1. High Costs: Exploring virtual reality can be expensive, as VR equipment can be costly and limit accessibility for some individuals. This can be significant drawback of VR, especially for small businesses and individuals.

2. Limited Content Availability: Creating VR content is challenging because it requires specific skills and substantial financial resources. As a result, there is not a large amount of VR content available. This makes it difficult for uses to find a wide rang of experiences, which is one of the major issues facing this technology.

3. Compatibility Issues with Advanced Technology : VR tool may not work on all devices and operating systems, which limits their usability. Additionally, VR equipment often requires powerful computers or specialized hardware, making access more difficult for many users.

4. Negative Effects of Isolation and VR Dependency : VR can be a solitary experience, especially if it disconnects users from the real world. Excessive use of VR as way to escape reality can lead to social isolation and other harmful consequences.[3]

  • In what ways does virtual reality contribute to a return on investment?

Virtual reality (VR) has demonstrated potential in delivering measurable return on investment (ROI) across industries such as healthcare, education, manufacturing, and retail. ROI is typically realized through reduced training costs, improved learning retention, enhanced customer product development cycles.

For instance, in corporate training, VR can increase learning efficiency and reduce training time. A study published in Harvard Business Review highlighted that immersive VR training can lead to higher retention rates and engagement compared to traditional methods. In healthcare, VR surgical simulations reduce to need for costly physical models and provide repeatable, risk-free practice environment.[4]

Retailers and real estate developers use VR to create immersive customer experiences, which has been shown to influence buying behavior and reduce the cost of physical showrooms.[5]

Overall, while the initial investment in VR technology can be substantial, its long-term benefits-such as increased productivity, better customer satisfaction, and operational savings-often justify the expense.

  • Why does virtual reality lead to user dependency?

Virtual reality (VR) has raised concerns regarding its potential to foster psychological or behavioral dependency in certain users. This dependency may arise due to prolonged exposure to immersive environments, particularly a preferred alternative to real-world interactions.

A key contributing factor is the heightened sense of presence in virtual environments, which can be particularly appealing to individuals experiencing stress, anxiety, or social isolation. Research has shown that immersive VR experiences may encourage avoidance behaviors, specially when users feel more in control or satisfied within the virtual setting.

Studies also suggest that reward mechanism triggered during VR activities especially in gaming or social platforms can reinforce repeated use and lead to compulsive engagement, particularly among adolescents and young adults.[6]

Furthermore, the line between reality and simulation may become blurred for some users, which in vulnerable individuals could lead to derealization escapism.[7]

  • What are the reasons behind the high costs of virtual reality for small business and individual users?

The adoption of virtual reality (VR) technologies by small businesses and individual users is often limited by high costs. These expensive stem from the need for advanced hardware-including VR headsets, motion tracking systems, and high-performance computers-which require frequent updates to remain compatible with evolving software. Additionally, the development of immersive VR content typically demands specialized skills in 3d modeling, programming, and interaction design, leading to further financial investment. These factors present significant barriers to entry for entities with limited resources.[8]

References

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