Study shows that AR/VR technology can improve productivity

GridRaster Inc., a provider of cloud-based Extended Reality (XR) platforms that power high-performance and scalable Augmented Reality (AR)/Virtual Reality (VR)/Mixed Reality (MR) experiences for enterprises, announced highlights from its latest study on how organizations are implementing mixed reality technologies for their organizations.

According to GridRaster’s latest online survey of more than 250 respondents, a growing number of enterprises are beginning to see gains in efficiency and cost reductions due to the adoption of AR/VR. 41% of organizations now say they’ve implemented some form of AR/VR into their organization’s strategy, and another 81% say they either have plans to implement in the next year or are starting to research the potential it could have on their business.

67% of organizations say they need AR/VR technologies to help with AR-assisted virtual maintenance and customer service visits; another 63% said they need AR/VR employee training programs; 60% said they are looking for remote collaboration through mixed reality technologies.

These numbers are reinforced by a recent report from research firm, IDC, which showed that 51% of respondents in their recent study said that their company had already seen a measurable return on their investment when it came to using AR for employee training and knowledge transfer.

30% of business leaders say they have started to see healthy gains in overall manufacturing production because of their AR/VR implementations, and another 30% said they’re beginning to see minor gains. In terms of realizing cost savings, 30% said they’ve started to see noticeable cost reductions over the last 12 months.

The gains are up from a year ago when 15% of businesses reported increases in productivity and 10% of businesses reported seeing noticeable cost reductions as a result of their AR/VR implementations.