Redefining Enterprise Training with AR/VR Technology
In recent years, Virtual Reality (VR) and Augmented Reality (AR) technologies have undergone significant advancements and have become a part of our daily lives. Integrating AR/VR into the learning process has enabled learners to have hands-on experience and facilitated learning by doing, making it possible even in previously impossible cases. The market growth of these technologies is impressive, with AR’s installation base in smart glasses and mobile devices expected to surpass 2.5 billion by 2023 and VR predicted to have an installation base of over 30 million within the same period. Both technologies are predicted to add US$1.5 trillion to the global economy by 2030, with up to US$294.2 billion of that amount for training. This blog will explore the benefits of AR/VR technology in redefining enterprise training and how it can change the way workers learn and develop the skills necessary to accomplish target goals.
What Is AR/VR Training?
AR/VR staff training is a leading-edge approach that uses advanced technologies to deliver immersive learning experiences to employees. This method allows them to interact with virtual simulations that replicate real-life situations, providing hands-on experience without the risks associated with traditional training methods. The custom-made virtual environments or simulations are designed to reflect real-world scenarios, ranging from medical procedures and equipment operations to customer service and sales techniques. Employees can practice and perfect their skills by offering a safe and controlled environment. Moreover, AR/VR staff training can be customized to cater to individual employees or teams, allowing for a more personalized learning experience. AR/VR staff training is a valuable tool for companies offering employees effective, engaging, and efficient training programs that enhance their skills and minimize risks.
Benefits of AR/VR Technology in Employee Training
To keep up with the changing demands of their jobs, employees in today’s fast-paced corporate world need efficient and practical training. However, traditional methods can be too costly, dangerous, or impractical. AR/VR technology provides a solution by simulating real-life scenarios and creating an ideal training tool for industries like healthcare, aviation, and construction, where real-life training may be too risky or impractical. AR/VR technology also caters to different learning styles, increasing knowledge retention rates and providing an immersive learning experience beyond traditional methods. Let’s analyze some of the key benefits of AR/VR technology in staff training.
Safety and Affordability
AR/VR technology offers an affordable and secure way of training employees in industries such as power plants and manufacturing units. Creating simulations that mimic real-life scenarios allows workers to learn without endangering themselves or their equipment. With VR, employees are immersed in a 3D environment, allowing them to gain practical experience and practice real-life skills. Although setting up and maintaining training simulations incurs costs, it can still be cost-effective for many organizations. The reduction in time spent training, practicing, and making errors, as well as eliminating the need for instructors and facilities, can result in significant cost savings.
Face-to-face training using AR/VR technology offers a multitude of benefits for employee training. By immersing employees in a virtual environment, they can learn more engagingly and interactively. Instructors can create avatars and conduct real-time training sessions, providing a more personalized experience. With AR, employees can access information and interact with systems in real time, enhancing their understanding and skill development. 3D models can simulate real-life scenarios, allowing employees to practice their skills and make mistakes without any real-world consequences. AR/VR technology provides a more effective and efficient way of training employees, improving their performance and productivity in the workplace.
Developing Soft & Technical Skills
VR and AR technologies have proven to be valuable tools for fostering both soft and technical skills, with a focus on healthcare and construction industries which rely heavily on VR for training purposes. According to a recent study by Yale, VR learners performed surgeries 29% faster and made six times fewer mistakes than traditional learners. Enterprises invest in immersive learning with VR and AR, as practicing skills have a 75% retention rate compared to lectures’ 5%. Medical practitioners use AR/VR as a training tool for healthcare-related training, and 3D simulations can increase retention rates by 75% to 90%.
Gamification Can Add More Engagement
Businesses often use learning management systems (LMS) that embed gamification to provide employee training effectively. LMS with gamification elements such as badges, points, and rewards keep learners engaged in the training program. Integrating LMS with AR/VR technology can create a flawless learning experience that shapes the future of training and learning with gamification. Corporate training utilizing AR technology enables employees to engage with virtual points and badges in real-time and even have the ability to hold them in their hands physically. VR and AR can now take gamification to a new level, improving learning and success rates. VR gamification is preferred as it creates a sense of reality and helps employees learn in real time.
More Employee Retention
AR/VR training enhances hands-on experiences, making training more exciting and improving knowledge retention and recall by building muscle memory. Such upskilling and reskilling activities increase employee engagement and promotion chances, ultimately boosting employee retention. Moreover, investing in existing employees’ training is more cost-effective than hiring new employees, making it a better option from an employer’s point of view.
Bespoke Training Options
The corporate learning management system (LMS) allows for creation of personalized learning paths for each employee. Integrating LMS with AR/VR technology enables employees to interact with learning resources in real time, like in an immersive video game where players go on different paths depending on performance. Augmented reality in corporate training creates 3D learning paths for employees, including courses like management, budgeting, and recruiting, allowing them to walk on the learning paths after completing each course. This type of training is ideal for HR employees wishing to become proficient in employee management while improving their decision-making abilities.
At TILTLABS, we believe that AR and VR technologies can revolutionize employee training and upskilling. By leveraging these immersive technologies, businesses can maximize employee engagement, retention rates, and decision-making abilities, ultimately leading to more effective learning. Additionally, investing in AR and VR training can save businesses money in the long run by reducing the costs associated with hiring and onboarding new employees. Our team is dedicated to creating personalized AR/VR solutions that meet each business’s unique training needs. By incorporating these technologies into employee training programs, companies can achieve rapid returns on investment and create next-generation learning experiences for their employees. Contact TILTLABS today to learn more about how we can help your business harness the power of AR and VR for employee training.