It has been said many times, but it still bears repeating that virtual reality (VR) is not just about videogames. There are many organisations out there who are working to use the technology of VR, and other high level technologies such as augmented reality (AR) and artificial intelligence (AI) in order to evolve existing products and create new service solutions.
One company that is using all three currently is Wecast Network, Inc (known formerly as YOU On Demand) Announces Q3 2016 …. A licensing, sales and video commerce already working in the field of AI, and a company with ties to large film and video distributors such as Paramount, Disney, Miramax, 20th Century Fox, NBC Universal as well a number of Chinese distributors as part of its role in an ongoing video on demand service within the country. As part of its work Wecast Network is in the process of finalising what it is terming “a VR, AR and AI-enabled commerce technology solution” called V Market.
A Business-to-Business (B2B) marketing tool to be provided as part of Wecast’s services, it is looking to leverage AR and VR into unlocking new revenue streams as for clients via interactive experiences, 360 degree videos or augmented information overlays. Allowing customers to shop and browse in new ways and, more importantly for the end client, to buy in new ways.
Due to launch in Q2 of 2017, you can see two demonstration videos showing the possible ways V Market may be used in the future below. VRFocus will continue to bring you news and updates on how VR technology is used.