2020 saw an unprecedented number of businesses across various industries permanently shut down the world over. On the flip side, it has also been an instrumental year in terms of learnings. For starters, it taught us to not take anything in our life for granted, and but at the same time, it has also been a catalyst for us to relook at our approach to life, how we work and how we do business. And the simple truth is that only the businesses that were agile, disruptive, and those that quickly adapted to or evolved in their business practices to suit the ongoing situation, were able to ride the wave and stay afloat. Markets have always been competitive and ever-changing. Taking a digital-first approach and keeping up-to-date with new and emerging technologies like XR, will not only help businesses match fast-paced and unfamiliar conditions like these, but will also prepare them to be future-ready.
XR or eXtended Reality is an umbrella term that includes Virtual Reality (VR), Augmented Reality (AR) and Mixed Reality (MR). A steadily growing industry, Immersive Technology or XR has already seen many popular use cases across various industries. XR is driving supply chain innovation, by offering the potential for fewer errors, faster order processing and less manual input. Incorporating XR into the management of your supply chain could go a long way to making your processes more efficient. From picking, packing, transport and training, XR is set to streamline each task, reducing the chance of human error and saving you time and money in the process. In logistics and supply chain, companies have made significant investments in XR technologies and by 2023, the worldwide immersive technology consumer market revenue is projected to reach 160 billion US dollars.
The future is XR!