Virtual Reality (VR)
In my opinion, virtual reality is a cutting-edge technology that attempts to bring everything together for a quicker and more seamless transition of the business. Regardless of how pricey it may be, it eventually saves money.
Complete Immersion
Most users of VR, regardless of location, are thought to be completely immersed. The technology accomplishes this by fostering a risk-free environment that conserves a significant amount of resources.
Empowering Consumer Choices
Virtual reality is another zero-based technology that empowers consumers to make choices depending on their businesses. Technology also influences consumer behavior in that people are more likely to purchase online for their weekly groceries since they are aware that they may do it in a single virtual store. In other words, VR makes online marketing a reality as large purchases are made through this processes.
Improvement in CPG
Through information processing, Virtual reality technology has improved the CPG which connect teams that don’t work in the same city, by uniting them in the same meeting. For instance, workers normally have discussions in the same meeting through a 3D video technology.
Shining Among Business People
The technology is also seen to be shining among business people because they can change their financial equation through a standpoint technology. Here the company can collect information from customers, create concepts and resonate with the shoppers through the creation of loyalty.
Personal Experience with Virtual Retail
I have also experienced Virtual retail.I was just browsing through my phone then I saw these beautiful kitchen set. I engaged the seller with a few questions that pertain the price. After we had got into an agreement, I was advised to pay after delivery. After a short while, the item I ordered for was right at my door. The experience made me happy because besides saving money to walk up to the store to buy, I also saved my time to do something else. This technology also drives somebody to want to purchase more because of the variety of products which can be seen by the touch of your phone. The experience was excellent.
