Publications
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This is not an article on what VR and AR Experiences are….!! Instead I’m trying to demystify the road which may lead businesses towards the successful implementation of Extended Reality (XR) technologies such as VR & AR during their Industry 4.0; Digital-Transformation journeys. According to Digi-Capital, investors see AR/VR as the fourth wave of technology, after computers, the internet and then mobile. Going with this technological wave has definitive advantages with enormous benefits.

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Hyperconnected Metaverse is no more a science fiction. Our physical and virtual worlds have started converging in a fast-phase. This disruption is creating heaps of opportunities in the industrial landscape which we wouldn't have thought of possible in the past. In this article, let's explore the strong biological facts behind the success of these immersive technologies and why are they so crucial in training industrial workforces.

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Since the emergence of the Smart Factory concept in manufacturing, Digital Twins have become a vital part of Industry 4.0, creating entirely new business models with proven benefits. Digital Twins have taken advantage from the exponential growth of immersive technologies such as, Virtual Reality, Augmented Reality, Mixed Reality, IoT and Artificial Intelligence in the recent years.

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XR- The 4th wave: extended-reality (XR) has opened-up limitless possibilities and real benefits for both businesses and consumers since 2013. Immersive technologies such as virtual-reality (VR), augmented reality (AR) and mixed-reality (MR) are the three major variants of XR.

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Even though Virtual Reality (VR) was existing since the 1950s and the early versions of Augmented Reality (AR) appeared during the 1990s, they mainly came into the limelight ever since the launch of the Oculus headsets in 2013. The expectation for the mass VR adoption in social media went even higher after Facebook bought over Oculus during 2014. Foreseeing a massive user base, a variety of VR hardware started flooding the market, especially from big brands, such as, Sony, Samsung, Microsoft, and HTC, leaving us with more choices.

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In this fast-paced, competitive world, entrepreneurship has become an escape for people from their hectic day job. With a mindset that starting your venture would be more peaceful and easier, people take the path of being founders or co-founders. However, the truth is, being an entrepreneur takes a lot of courage and staying power.

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The role of Virtual Reality (VR) technology in creating a smart, connected factory is undeniable in today’s era of digitalisation and Industry 4.0. With innovations picking up pace, more industries are leaning towards identifying ways to use VR tools. The technological advancements in Virtual Reality have given rise to pathbreaking industry solutions, including virtual manufacturing, virtual prototyping, virtual designing and staying connected with customers through this technology. This viewpoint section explores the benefits and the challenges being faced by manufacturers in adopting it.

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