Four things to bear in mind for hybrid events in 2021
22nd January 2021
A lifetime ago, when the world went into lockdown, we scrambled to adapt to a life of video calls and meetings. And, with restrictions easing to …
As the technology powering them has evolved, shared immersive spaces have emerged as transformative tools that can revolutionise how organisations operate, collaborate, and innovate.
And, as we've watched our clients push the boundaries of what's possible with these spaces over the years, what can be achieved now, with the right tools at hand, is making these spaces more commonplace.
So, if you’re considering investing in shared immersive technology and looking to build a business case, read on as we collate and corroborate all the learnings and findings we’ve discovered in our 15+ years in the market, from general business incentives to industry-specific applications, as well as the implementation considerations you should take into account when integrating this technology into your business.
Universal Business Benefits - Value No Matter Your Vertical
Enhanced Productivity and Collaboration
Shared immersive spaces fundamentally transform your workflows, allowing you to:
Cost Reduction
While the initial investment can be significant, immersive spaces typically deliver significant ROI through:
Competitive Advantage
Industry-Specific Applications - Your Sector, Your Space
Educational Institutions
Immersive spaces evolve the learning experience by:
Example case study: University of Adelaide
Architecture, Engineering, Construction, and Operations (AECO)
The AECO industry benefits particularly from immersive spaces through:
Example case study: AtkinsRéalis
Energy Sector
Immersive spaces provide crucial advantages in energy operations:
Example case study: BP Training
The Cost of Inaction - Are You Losing Out By Not Investing?
As you build your business case for investing in a shared immersive space, you will consider common arguments against committing resources here (as you will with any investment). However, choosing not to utilise one of these spaces could have wider, unseen implications.
Financial
Organisations that delay the adoption of immersive technologies risk:
Competitive
Failing to invest in immersive spaces could lead to:
Long-term
The compounding effects of delayed adoption include:
Implementation Considerations
To ensure that your business gets maximum value in the shortest amount of time from your immersive space, it is important to consider the following key factors. Should you wish to delve deeper into these considerations, you may wish to consult our in-depth buyers guide.
To maximise the benefits of immersive spaces, organisations should:
The Igloo opinion
Investing in shared immersive spaces was once a luxury purchase. But, thanks to advancements and cost reductions across hardware and software, it has developed into a potential strategic necessity for those looking to remain competitive in their respective industries.
The benefits can extend far beyond immediate productivity gains, creating long-term value through improved collaboration, reduced costs, and enhanced capabilities. And, the risks of delayed adoption grow as competitors advance their technological capabilities and adoption grows.
Organisations must view immersive spaces not as technological upgrades, but as transformations in how they operate, learn, and create value.
However, there is a caveat.
To see this value, buyers must have the utmost confidence in the software, as well as the hardware, that they are buying. It is important that the software can match your business goals, fit seamlessly into your existing workflows, and work with the digital tools that you use every day.
This is why we developed Igloo Core Engine, our software for immersive spaces. Designed to work with an industry-leading number of integrations, with specialist software across multiple verticals, and a growing, global network of clients.
If you want to find out how Igloo Core Engine can help you build your business case for investing in shared immersive technology, then book a free demo with us today.
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