8 Reasons Why Top Companies are Investing in Technology

All the most successful companies make a commitment to staying relevant, competitive, and modern. In this digital age, a crucial element to success is becoming comfortable with digital solutions and recognizing the incredible benefits of emerging technology. Below are 8 reasons why we consistently see the worlds most successful companies investing in technology.

1.To reduce costs

Immersive Technology has been proven to reduce costs during training and daily operations. By ensuring your employees feel confident with their tasks inside and out, costly mistakes are avoided, leading to a reeducation in wastage. Transportation costs can also be avoided through the use of technology. Large machinery and complex projects no longer need to be shipped to destinations for pitches or trade shows, Immersive Technology allows you to bring your entire fleet with you across the globe inside your laptop.

2. To streamline training and daily operations

Training and daily operations are streamlined using Immersive tech. Digital tools allow the employee to be introduced to an entirely curated digital environment, allowing the possibility of endless scenarios so your team feels fully prepared for any situation. Digital environments create a safe space for employees to be introduced to new products, tools, and scenarios without the stress of potential mistakes. Using immersive technology, your team will be able to have a hands on experience and become fully confident with new products, machines, and tools before they’re even built.

3. To appeal to the new generation of workers

The emerging workforce is comfortable with technology, and has experienced the benefits of a digital learning and operating environment. Especially through Covid, the new generation of workers has become accustomed to the digital world, and expects their future workplace to be modernized and understand the benefits of technology during operations. Remaining competitive and modern by adopting cutting edge  technology will appeal to the strongest of the emerging workforce.

4. To engage customers and prospects

The modern consumer expects a buying experience that is engaging, easily accessible, and educational. Immersive Technology, including Virtual Reality (VR) and Augmented Reality (AR), allows your prospects to become fully engaged in the environment you create, the perfect opportunity to showcase new products and concepts. Customers become fully familiarized with your services and products, offering them a strong sense of confidence and comfortability, leading to higher interest and ultimately, more sales. Using IQ3 Connect’s new multi-media platform, your 3D data is converted and made accessible to anyone you choose using sharable URL’s, making product demonstrations and engineering collaborations easier than ever.

5. To expand their market

Expansion is key to growth, technology allows us to stay connected and make new friends all across the globe. Imagine being able to confidently pitch your newest project to a new potential partner or customer from halfway around the world with the click of a button. Immersive technology connects people in any time zone or location, whole teams from across the world can be in the same digital room together, interacting with the same content in real time, making changes and offering suggestions to products everyone can hold in their virtual hands. Immersive Technology makes coming together and collaborating easier and more realistic than ever before.

6. To stay competitive and relevant

We are in the digital age, any company wishing to succeed and thrive must be ready to adapt and embrace the benefits of new technology. Top companies understand that with new technology comes new opportunities. Opportunities for new connections, advanced strategies, and access to all the latest developments in their industries, a staple for remaining competitive and staying relevant in this new age.

7. To offer better support and education to their employees

Employees who have the opportunity to learn and perfect their skills using interactive tools leave feeling more confident and satisfied with their work. In a survey we recently conducted, over 100 employees from various industries provided their opinions on immersive experiences in their workplace. Over 80% left their immersive experience, whether for training, collaboration, or other purposes, feeling more prepared for real life scenarios and with a better understanding of the subject being addressed. 90% felt they referenced their experience and used what they learned later in their career. Immersive experiences provide the opportunity for hands-on learning without the risk of accidents or costly mistakes, leading to more educated, efficient, and successful employees. Read our full study here.

8. To open new avenues for connection and communication

Technology makes it possible for us to connect with new people all around the world, opening new avenues and markets with the click of a button. Immersive platforms can connect entire teams no matter their location, making it possible for everyone to be placed in the same virtual space working simultaneously on projects. Entire groups can engage with and adjust complex models, offering their input in real time, making communication and collaboration easier than ever. Prospects across the globe can interact with your 3D Data and feel entirely comfortable and confident with your products, streamlining sales and partnership experiences.

Going digital is no longer a luxury, but a necessity. We have access to the latest tools and solutions to take your business to the next level.

Contact us to start your journey today.