The Future

15 Statistics Every Executive Should Know About AR MR & VR

By
Elisabeth balistreri
feb 18, 2022

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Keeping up with modern technology is the only way to stay relevant as the fourth industrial revolution picks up.

Since 2000, a whopping 52% of fortune 500 companies have either been acquired, gone bankrupt, or ceased to exist due to digital disruption. The scale of digital disruption is only accelerating, and no industry is immune.

Extended Reality–mixed reality, augmented reality, and virtual reality–amongst the other disruptive industry 4.0 technologies are rapidly overtaking industries and changing the way business is conducted. Is your business ready?

52%

52% of retailers feel ill prepared to support emerging mobile technology, including extended reality and artificial intelligence. 
‍
Substantially increased conversion rates and reduced labor costs are just two of the major benefits of incorporating these emerging technologies into retail businesses. The truth is, retailers can’t afford to not keep up.

Worldwide Business Research

40%

40% of shoppers would be willing to pay more for a product if they are able to experience it through augmented reality first.
 
Increase shopper confidence and satisfaction by integrating augmented reality into the purchasing process!

Retail Perceptions
AUgmented reality smart home mixed reality

25%

A study conducted by Boeing showed that mixed reality improved productivity in product assembly by 25%. 

‍Implementing mixed reality can make an expert out of any employee and streamline systems in ways that reduce training and production time.

National Training Laboratories, USA
Mixed reality in medical field. Augmented reality future of technology.

46%

At GE Healthcare, a warehouse worker filling a picklist order through AR completed the task 46% faster than when using the standard process. 
‍
Mixed reality can streamline systems that require multitasking by placing all relevant information right in front of your eyes.

National Training Laboratories, USA

49%

A large survey of 3000 global leading enterprises reveals that 49% are already adopting, 19% planning to adopt, and 30% are not currently planning to adopt a mixed reality solution. 

The majority of leading global enterprises have mixed reality on their radar in a substantial way. Follow their lead.

Microsoft

60%

A Survey of the overall Architecture, Engineering, and Construction (AEC) industry saw an average reduction in rework of 50% and an increase of task efficiency of 60% with implementation of mixed reality. 
‍
Doing it right the first time becomes an attainable goal with the proper implementation of mixed reality in the AEC industry–saving time and money through the process.

Microsoft

"The Fourth Industrial Revolution is still in its nascent state. But with the swift pace of change and disruption to business and society, the time to join in is now."‍

- Gary Coleman, Global Industry and Senior Client Advisor, Deloitte Consulting

75%

Case Western Reserve observed a 75% increase in information retention rates when using XR experiences for learning. 
‍
‍Businesses that implement mixed reality into their training programs will see huge return on investment.

Microsoft

14%

Nox Innovations used augmented reality to reduce erroneous fabrications, decreasing their construction costs by 14%. 
‍
Companies who integrate mixed reality into their processes save money. Period.

Microsoft
Mixed reality navigation hololens 2

90%

Conversion rates increased by as much as 90% for customers engaging with AR, compared to clients without an immersive experience in 2020. 
‍
Retailers can give buyers the confidence of buying in person without the expense of a brick and mortar store through augmented reality.

Vertebrae

90%

90% of brand advertisers are already using or planning to use mixed reality in their marketing campaigns. 
‍
Capturing attention is the name of the game in advertising. Augmented advertisements capture attention on average 28 seconds longer than print ads.

National Training Laboratories, USA

10%

The Cost of a mixed reality training room at the Loviisa power plant in Finland was found to be 1/10th  the cost of a physical room. 
‍
Mixed reality is the future of education and training. It reduces training costs and increases retention of training for employees that do their jobs more effectively.

VRX XR Insight Report

30%

Mixed reality has reduced training time in the healthcare industry by 30%.

Microsoft

73%

73% of shoppers report higher levels of satisfaction when using AR. 

Augmented reality improves the shopping experience by increasing buyer confidence.

IBM

100%

Bowen Engineering used Hololens 2 to reduce construction project rework overages by more than 20 hours, with 100% accuracy. 
‍
The real-time, heads-up, hands-free knowledge transfer with audio and visual guidance available with mixed reality reduces errors and increases efficiency dramatically.

Microsoft

83%

Northeastern University used XR Experiential Learning solutions to decrease upskilling time by 83%--effectively reducing a 3-hour lesson plan into less than 30-minutes. 
‍
Implementing mixed reality into training and education increases retention and reduces training/education time significantly.

Microsoft

70%

Suntory employees converted a 200-step procedure into step-by-step holographicinstructions using a Hololens 2. This mixed reality solution reduced the time to master tasks by 70%. 
‍
Mixed reality is the future of training and education.

Microsoft

61%

61% of consumers would choose to shop with a store that offers augmented reality over one that doesn’t. 
‍
When shoppers are able to picture a product in their home or virtually try it on, they are more confident in purchasing that product.

Retail Perceptions
Meta's Orion is set to be the first true pair of AR glasses. Will they be able to take the technology of current headsets and fit them into glasses? We'll see.
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What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.