Immersive technology, which encompasses virtual reality (VR), augmented reality (AR), and mixed reality (MR), is changing the way people learn and educate. Because these technologies are immersive, they create a compelling and dynamic learning experience, making training programmes more effective and efficient.
As organisations see the importance of dynamic and engaging learning experiences, the market for immersive technology in corporate training is quickly expanding. The global move towards digital learning and e-Learning platforms provide an ideal environment for the use of immersive technologies into corporate training programmes. The epidemic has increased the use of remote and online training options. Immersive technology enables engaging virtual training sessions, making it an excellent option for distant worker training. Manufacturing, healthcare, and aviation all require substantial safety and compliance training. Employees may learn and practise processes and procedures in a safe setting using immersive technology. Many sectors are experiencing talent shortages and training shortfalls. Immersive technology enables organisations to efficiently bridge these gaps, ensuring personnel are well-trained in a variety of skills and competences.
The worldwide immersive technology market was estimated at USD 22.5 billion in 2022 and is predicted to increase by 167.75 billion by 2032, at a compound annual growth rate (CAGR) of 22.3% (precedenceresearch.com). In 2023, the hardware sector is estimated to account for the majority of the immersive technology market. This is because VR headsets, AR headsets, and other immersive hardware products are in great demand. During the projected period, however, the software category is predicted to increase at the quickest CAGR. This is because there is a greater need for immersive training and learning content. In 2023, North America is predicted to have the largest market for immersive technologies. This is owing to the region’s significant presence of technology companies and businesses’ and consumers’ early embrace of immersive technologies. The Asia Pacific area, on the other hand, is predicted to develop at the quickest CAGR throughout the projection period. This is due to the increasing demand for immersive technology in emerging economies such as China and India.
Technological advancement and digitization have been driving forces behind the adoption of new technologies in industries such as retail, healthcare, and manufacturing. The way people live, communicate, commute, and study has changed as a result of constant technological advancements.
Immersive experiences hold learners’ attention and keep them engaged, resulting in higher information retention as compared to standard training approaches. The engaging and realistic simulations instill a sense of presence in learners, making them feel as if they are a part of the training experience. Immersive technology creates a more engaging and interactive learning experience. This is because learners are placed in the center of the action, rather than passively consuming information.
Remote training is made possible by immersive technology, which allows people from many regions to cooperate and study in the same virtual area. Immersive technology can make corporate training more accessible to employees who are remote or located in different parts of the world. This is because immersive training experiences can be delivered online or through mobile devices. This is especially useful in today’s globalised society, as teams are frequently divided geographically. Immersive training provides for hands-on learning and the development of practical skills. Immersive experiences may be tailored to improve a wide range of competences, from technical skills to soft skills like communication and leadership.
Here are some specific examples of how immersive technology is being used for corporate training today:
Immersive technology has the potential to transform corporate training, but there are several issues that must be addressed.
Immersive technology is difficult to set up and operate. This might be a hurdle for companies who lack the appropriate skills. Updating hardware and software on a regular basis, as well as investing in cross-platform technology, can assist address compatibility difficulties. Creating high-quality immersive material is time-consuming and needs specialised expertise.
Not all employees have access to the necessary hardware and software to use immersive technology. It is challenging to provide accessibility to middle-class or lower-class customers since it is difficult for manufacturers and technology providers in the interactive virtual technology domain to add these features for low-end end devices. It is important to ensure that immersive technology is used equitably and that all employees have the opportunity to benefit from it.
While the difficulties of using immersive technology in corporate training are substantial, they are not unsolvable. Organisations can overcome these hurdles and leverage the full potential of immersive technology to develop engaging, effective, and meaningful training programmes for their staff with careful design, investment in the necessary resources, and a focus on user experience. Addressing these challenges is crucial for the successful implementation of immersive technology in corporate training programs.
Immersive technology is undeniably transforming the future of training. This trend will likely reshape the future of corporate training, providing employees with more effective and enjoyable learning experiences while driving increased productivity and innovation within organizations. Its capacity to deliver engaging, realistic, and customised learning experiences not only improves skills and knowledge, but also changes the way we think about training and professional development. Overall, immersive technology is a tremendous instrument with the potential to transform corporate training. Companies that use immersive technology may boost employee happiness, performance, and productivity while also lowering training expenses. As technology advances, we should expect to see even more innovative and significant applications in a variety of industries, making immersive training a vital tool for learning in the coming years.Author Dr. Shubham Goswami