Why Businesses Need Virtual Reality Training


Businesses in every industry benefit from having their employees participate in specialized training programs. After all, prepared employees are valuable assets and experiential learning through virtual reality training can develop those assets like nothing else can.

 

So, what exactly IS experiential learning?

 

Experiential learning is learning by doing: instead of reading a book or watching a video, trainees step into the workplace and start practicing their actual work. Actively training like this has huge benefits, and it is also safer and cheaper than older methods.

 

HOW VR IS REVOLUTIONIZING TRAINING

  • VR training lets trainees not only see a thing, but actually do it: Employees learn from experience without being exposed to danger
  • VR training cuts costs: A 2015 USMC study found that virtual simulation resulted in net cost avoidance almost 3 times greater than the cost to implement the virtual simulation system
  • VR is more fun and immersive than normal video: Participants who watched a 360° video of a motorcycle ride could remember the video better than those who watched a standard video of the same ride

 

TOTAL RECALL

What’s the point of training if an employee doesn’t retain the information? Research has shown that experiential learning can increase retention by 75-90%. VR can turn any type of training into an experience, from physical activity to understanding a company’s culture and products.

Keeping employees emotionally engaged and immersed in their training program keeps valuable information in their heads for longer periods of time. A joint YuMe/Nielsen study, using neuroscience technology, found that emotional engagement in VR experiences increased 27% over traditional 2D video.

 

ALL REWARD, NO RISK

If your employees handle hazardous materials or work with heavy machinery, their training can benefit from VR. These jobs are often taught outside the classroom, with hands-on exercises that use real-world machinery or mock-ups of the actual workplace.

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VR Training lets users practice without damaging real assets

 

 

Virtual reality can eliminate the need to house expensive equipment just for training purposes. A simulated environment also can’t break and does not wear down over time.

 

Industrial VR experiences can reduce the risk of accidents to employees during training. Since the environments are completely digital, the training session can be paused by simply removing the headset, and restarted again without any delay to the training program.

 

ALL ABOUT THE MONEY

 

“The enterprise VR training market will generate $216 million in 2018 and grow to $6.3 billion in 2022”.

 

Large organizations have realized the value of immersive training for several years. The mid-market sector is finally catching up by increasing investment. VR training lets companies develop employees in virtual environments, which has led to a decrease in hard-line associated expenses such as travel costs, equipment downtime, and employee productivity.

 

Savings on physical training equipment and printed materials are just the beginning of the cost reduction potential of VR training. Because VR increases engagement and information retention, training can also be done faster, resulting in the 33% cost reduction mentioned above.

 

THE BOTTOM LINE

 

Every business is unique, and no matter how experienced a new employee is, they need quality training specific to their new employer. Training may be a new hire’s first experience with a company, so it is an important tool for establishing a level of competency and trust. Virtual reality is moving from cutting-edge to commonplace, and innovative companies are using it to build a better workforce.

 

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