Virtual reality (VR) technology has seemingly become the next must-have gadget, and with numerous companies beginning to invest time and effort into the research and development of this technology, what does the future hold for this latest craze? In this blog post, randd uk explore the world of VR and explain how it is leading the way for research and development in 2018.

What is Virtual Reality Technology?

If virtual reality technology has escaped you so far, allow us to explain. VR is the process of creating a digitally simulated environment for its users to explore and experience. Although the popularity surrounding VR has gathered traction and speed over the last year, the concept of VR has been around for a few years. First coined in 2014, these systems have been refined, developed and endorsed by some of the biggest technology companies in the world, such as Sony and Samsung. Despite being the pacesetters for this technology, other companies have begun to follow suit, creating an incredibly fertile environment for virtual reality technology to grow and expand.

How Does It Benefit Us?

Despite initially being tailored for the entertainment industry, VR is quickly becoming adopted by other industries to help improve their practices and performances. For example, the education sector has enlisted the support of VR to make learning more interactive and more immersive. Militaries all over the world have also worked virtual reality technology into their training to help prepare trainee soldiers for real-life situations. Although initially marketed as a more immersive gaming experience, VR has emerged as a technology that enhances enjoyment, performance, and a wide range of different sectors and professions.

How Popular is VR Becoming?

As previously mentioned, virtual reality technology has been supported by numerous corporations and organisations, and this trend looks set to continue. Only recently, Sky announced plans to accelerate their VR projects, and companies such as Facebook and YouTube have created dedicated channels for VR content. Over the course of 2017, it was estimated that over $3 Billion was invested into this technology, highlighting its popularity and its relevance in today’s society.

The Future of Virtual Reality Technology

Like research and development, support is lent to anything that attempts to improve our quality of life and further our understanding of other industries and sectors. With VR being introduced into other worlds outside of gaming and harnessed in a way that develops our learning and professional practices, then VR will almost certainly be supported with government funding. The industry of virtual reality has become extremely fruitful, and soon, we won’t need a headset to experience a world where VR is commonplace in any industry.

If VR technology is a pivotal part of your company’s practices, then you may be a pioneer of research and development. randd uk and their team of tax credits specialists can help retrieve tax credits for your business, so get in touch today. Contact us on 01332 477 070 or leave us a message via our online contact form.