8 NEW AUGMENTED REALITY IDEAS FOR YOUR NEXT BUSINESS / INVESTMENT
In this age of virtual reality and surreal approaches, we tend to find every aspect of AR’s tech-niches to be a money-minting sequel of the digital industries. Even with price tags in the millions, it is still cheaper to crash a simulated plane or shoot a simulated tank. AR is considered one of the top infotainment technologies.
As the cost of the necessary computing power and hardware sensors have decreased, Augmented Reality slowly made its way into other industries, such as medical, engineering, and even some short stints into entertainment. By 2022, 3.5 billion people will use mobile augmented reality applications. 34% of startup firms are currently developing for Google ARCore. Non-gaming apps could account for over half of mobile AR app store revenues by 2023.
Now, AR is a household word that has become quite familiar even with the kids of this generation. With the release of new iOS operating system, Apple developers got even more possibilities to create mobile apps with AR. With the release of ARCore in Google, Android Developers got a new ray of AR hope. This is the time to invest in the right AR Business.
Here are the top 10 business ideas that can be your next destination of investment as a businessman / investor:
Sports Apps
There are few people who are more passionate about their hobbies than sports fanatics. Every game has its own statistics, KPI’s and records. Some fans prefer to be live in the stadium, so they can see the action with their own eyes, even if it means they miss out on the instant replays, statistics and commentary available on television. With AR, fans can enjoy the best of both worlds.
They can see the trajectory of the ball, calculate its speed live, or get statistics from other fans on the field.
Not only could fans in the seats get data live from shared databases, every phone in the stadium is potentially a broadcast studio, capable of streaming data to viewers, attendees and app users. Using big data, fans may soon be able to review their own instant replays before the officials, or keep their own statistics. Up til now, there have been relatively few examples of using augmented reality in sports, which is surprising since fans are always looking for another reason to cheer.
AR Landscaping
Landscaping is still a very labour intensive and creative job. Because of this, there are very few companies that have decided to delve into the virtual world. But, being able to image what a home and yard would look like for your customer is much more convincing than simply asking them to imagine it.
There are many augmented reality app advantages for landscape design. By simply holding a camera, it is possible to get accurate measurements of the physical features, automatically calculate costs and then immediately let clients walk through their yard and see on their device what it would look like after completion.
Shopping
Have you ever bought a new piece of furniture, just to get it home and realize that it doesn’t fit, or that it doesn’t go with the rest of the décor and you now have to replace something else just to make it execute perfectly?
IKEA released their AR app that lets you try out your furniture in any room. Just point your camera and drag in whatever furniture you like. It even scales the furniture and you can try various colours and styles instantly.
On the flip side, if a customer already has scanned their home, they could come to your showroom and see what their home looks like around your bathtub. Customers can actually bring everything with them, including the kitchen sink!
Tours and maps
Have you ever wanted to visit the Louvre, hike Mount Everest, or wander through the pyramids of Giza, but you just don’t have the time? If you can’t go there, AR can turn any hallway into a museum, any molehill into a mountain, and any park into a pyramid, that you’ll be able to see through your iPhone or Android device.
If you are able to go to your favourite places, AR make any tour more interesting by giving more of the information that actually want. Some people want to know the history, some like to hear stories and others want to get to know the people behind the portraits.
AR allows everyone to see more of what they want and make every experience unique. You could even record your adventure and then send it to a friend to walk through it with you.
AR teleconferencing
If just the idea of sitting through another status update in a boardroom makes your eyelids heavy, imagine your chief architect instead walking you through the construction site with color-coded sections to indicate the time each phase will be completed.
Or, if you could develop an augmented reality app for your engineers to be able to place their car on the boardroom table and then shrink you down so you could walk through each component.
AR teleconferencing is not only about bring distant people into your boardroom, it is about bringing the world into your head, so that you can understand it better. Especially at this time of pandemic clumsiness and lockdown frenzy, its’ going to be one app worth many people to hit the “Buy Now” button!
Data Visualization
If you want to create an AR app for business, there are few areas that can benefit more from AR than data visualization. Multi-dimensional databases have been in use for decades, but very few tools have been made to effectively image them. AR as the potential to finally add a new dimension (or two) to data visualization.
Augmented reality technology for business has mostly focus on collaboration, the interaction between people. AR also has the potential to improve our relationship with data by bringing it to live in ways that we have not be able to imagine yet.
That is how the complications of data handling can be easily stroked off. The lack of a particular AR-related data visualization and handling app is all that the analysts hang on to be obtainable at this point of time, and anyone making a spot-on app for it is worth investing on!
Medicine
The tools for medical diagnostics improve every year and augmented reality development have been a part of the process for several decades already. While in the past it was prohibitively expensive, the cost to develop an AR app has dropped enough to make these applications feasible.
Whether it is a doctor being able to see a 3D image of the patients MRI while sitting with them, a coach being able to analyse a player’s movements to prevent future injuries, or a physical therapist being able to quickly see movements progress in milliseconds, AR applications will soon be able to assist every profession.
Marketing
Image recognition coupled with marketing strategies open up a whole new world of possibilities for marketing products and brands. As you’d know by now, Xperi.nz does the very work of online merchandizing and compliance planning sequences for many stores/brands using Augmented Reality. By scanning an aisle in the grocery store, we help the users could get nutritional information, instant promotions, dimensions and angles of a product as for placement — complete with the location of the rest of the integral needs in the store.
Hand a smartphone to a child in a shopping cart, the entire store becomes an amusement park filled with games to play, wandering characters and food that they can win. It shouldn’t be hard to figure out how to make an AR app that can capitalize on this captive audience.
Food ordering can also use AR to make customer experience more interesting. This can be a mere entertainment element in the food ordering industry, that increases loyalty and makes your business more special. For example, you can advertise your restaurant delivery service by adding AR into your offline advertising.
The possibilities are nearly endless. Websters, an idea repositoria dictionary for upcoming inventions to-be-made, has 470,000 entries on the aspects of Augmented Reality.
Well, not every single idea necessarily holds the capability to be successful, but over the next few years, hundreds if not thousands of new businesses will be built based on augmented reality or supported by AR services.
Recent advancements in monetization techniques and AR development tools have made previously impossible solutions very possible — the very definition of a disruptive technology.
To know more about our services at Xperi.nz, simply log on to www.xperi.nz, or head over to one of our social handles — Instagram, FaceBook, and more!
We also have a special offer for the next 100 customers to make a new user account with us, with a free 3D model of your choice, giving you a full waiver on one of the best services in the AR Industry!
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