Is virtual reality finally ready for business use?

Virtual reality is about to make a big impact in the enterprise. Here are four companies making business-ready VR products and four industries embracing the technology

Is virtual reality finally ready for business use?

Virtual reality (VR), one of the technologies that always seems to be waiting in the wings, is finally ready for business prime time. Several new products are available for viewing content from Samsung, HTC, and even Google. Companies like WordViz and Giant Spoon helping generate content. While the initial uses might have more to do with a first-person shooter or a Hollywood movie, business uses are starting to emerge. 

Edwin Rogers, a virtual reality expert who makes tours of apartment buildings, real estate showings and business events, says one possibility is for car dealerships to offer VR tours for new cars and for real-estate agents to offer home tours. He uses the Samsung Gear VR headset, which shows a 360-degree view of a location in a virtual world. When you turn your head, the scene changes in real-time. Look up at the ceiling and you can count ceiling tiles.

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"VR technology is in its infancy and it has not gained mass adoption yet. This is an intelligent smart-phone solution for VR makes the most sense today," he says. 

WorldViz, a company that makes VR software, says customers save about 90 percent of the costs involved in making real physical models. For example, a healthcare facility might create a new clinic in VR prior to construction to see the floorplan in a 360-degree viewer, which helps them tweak designs and reduce costs. An actual customer -- Lockheed Martin -- told they save several million dollars in costs in the production floor by doing motion captures that simulate space vehicles and satellites, according to company reps. 

[Related: Everything you need to know about virtual reality] 

"VR technology allows users to naturally walk about a full scale surgery room and change designs at a button click," says Peter Schlueer, president of WorldViz."Decision makers, stakeholders, designers, surgeons, and nurses can collaboratively experience design alternatives and make decisions that will stick. In other words, information can be shared earlier and much more effectively, resulting in better decisions and faster processes." 

4 VR products for business use 

Several companies offer virtual reality headsets that can be used for business purposes. There are a few pieces of the VR puzzle involved. To create VR videos, you need to capture the footage using a camera that records in a 360-degree panorama. You need software that "stitches" together the content (video, text and audio) into a VR scene. And, the user needs a headset viewer.

oculus rift headset Jonathan Alcorn/Reuters

A man uses the Oculus Rift virtual reality headset at the 2014 Electronic Entertainment Expo, known as E3.

1. Oculus Rift 

This leader and innovator in virtual reality tends to focus on gaming applications, but a company representative says they're actively exploring business use cases. The product, called Oculus Rift, shows a scene in a vivid 360-degree view. The product comes out next year, but businesses can use a dev kit to create software applications and content now. 

"Imagine being in a product review with people from around the globe -- your operations lead is at the manufacturing plant, your marketing head is visiting an ad agency, your product lead is at the R&D Lab and your CEO is at HQ. In VR you will be able to all be together and have the product in that virtual space," says Laird Malamed, the COO at Oculus. 

Marc Simons, the co-founder of digital agency Giant Spoon that works in the VR space, says Oculus is powerful and advanced, but that can also mean you'll require more setup and staff people who can configure the system and make it work for business applications.

mam 239835 391149 de Messe Berlin

A woman uses a Samsung Gear VR headset at the IFA consumer electronics show in Berlin on Sept. 4, 2015.

2. Samsung Gear VR 

Samsung offers Gear VR as a consumer device for $199, and it works with several Samsung phones running Android such as the Note 4. The headset, developed in partnership with Oculus, shows a 96-degree field of view. You use touch controls on the headset to control the interface. 

Simons says Samsung Gear VR is more consumer-oriented. Indeed, in a test, the setup only took five minutes from initial install of the apps to using the headset. Rogers says Gear VR is lightweight, portable, wireless, and low cost enough to attract more businesses.

HTC Vive VR headset HTC

HTC is placing some hopes of a rally on its Vive virtual reality headset, which will be released near the end of the year. 

3. HTC Vive VR 

This competing headset to the Samsung Gear VR is still under development with Valve Software, the company behind the Half-Life video game series. Not as much is known about the price or exact specifications, but HTC says there are developer kits available now. 

The key differentiator with Vive is that it works over a large area -- about 15-feet-by-15-feet. For business, that means you can move around more -- for example if you are viewing a construction site or participating in a VR conference call. HTC will also offer hand controllers that are tracked even when you move your hands behind your back or over your head out of view.

DIY Google Cardboard viewer Howard Wen

The (extremely) low-cost Google Cardboard allows you to create your own VR head-mounted viewer out of cardboard, and can use your own smartphone as the long as it has a built-in gyroscope.

4. Google Cardboard 

Google offers the lowest-cost virtual reality option. End-users can buy a VR head-mounted viewer made of cardboard for as little as $20-$25, or you can download the Google Cardboard plans for free [.zip file] and make your own. Once you have the viewer, you use your own Android phone or iPhone as the display as long as it has a built-in gyroscope. Google offers about 500 apps through the Google Play store that use Cardboard and you can watch YouTube 360 videos.  

One key differentiator is that Cardboard viewers are extremely light, so you can wear them longer. Since they are so low-cost, large companies could easily hand them out at events or give them to employees and not worry about theft or loss. The viewer is also highly portable. 

"Google Cardboard enables everyone with a smartphone to experience VR easily and at low cost. Companies use Cardboard to promote their products and brands, but it's also great for immersive educational content -- especially shared group training. We've also seen examples where companies give a tour of their facilities to potential clients using Google Cardboard," says Mike Jazayeri, the director of Product Management for Google's VR efforts.

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