With stagnant prices, companies have no choice but to lower their production costs and operating fees.
As technology becomes more affordable it makes sense to take the leap in order to save in the long run.
With the help of VR/AR, the gap can be bridged between the field and the classroom in training, by bringing the hands-on practical experience into the classroom without having to be in the field physically; this can be dangerous, and field trips can be expensive. Having this technology will also be the key to recruiting and training, making job roles more attractive to younger people without the experience.
Read GlobalData’s latest report to learn more.