Tag Archives: Real Estate

The Eolian Report Augmented Reality Virtual Reality Artificial Intelligence

The Eolian Report: 1st Edition 12.12.18

Industry altering advancements in the augmented reality, virtual reality, artificial intelligence, and machine learning space continue to be released at a rapid clip. It’s almost impossible to keep up, even for tech nerds like ourselves. Because of this, the team at Eolian decided it would be worth taking the time to highlight some of the most earth-shattering updates, curate those that are the most relevant in our area of expertise, and even add a little insightful context so you can convert them into action items when appropriate. We’re calling it “The Eolian Report”. This is the first of hopefully many editions and we hope you find tremendous value out of it.

The industry is moving so fast and adoption along with it. It won’t be long before you look around and notice how widespread and rampant AR, VR, AI, and ML use cases are being implemented all around you. Don’t blink or you might get left behind. We would love to convert everyone into believers but for the purpose of this we will do our best to remain objective and hope that the facts and trends will speak for themselves.

Full disclosure: we are also working on developing some incredible applications and have launched a few in our core verticals of military/defense, healthcare, and real estate. So, we may share some of our major milestones as well.

While we are biased on the subject and feel that everyone should at least be exploring the potential implications and use cases for their own businesses we completely understand the delay and skepticism. Because of this we’d love to hear from you all to see where your mindset is on the matter, whether positive or negative. Perhaps you’re a hardcore skeptic. Or maybe you have tried launching an AR strategy and it fell flat or never made it off the ground. Maybe you have been thinking long and hard about it but have yet to pull the trigger. Better yet, hopefully you’ve built and launched a program and it’s been achieving a lot of success and on the way to massive ROI. Either way please reach out and let us know!

-Mike Simmons, CMO

Now without further ado, time to check out some of the latest developments in the space:

General Business

Tesla Patent Application Mentions Augmented Reality Safety Glasses

https://www.forbes.com/sites/sebastianblanco/2018/12/07/tesla-patent-augmented-reality-safety-glasses/amp/

15 Examples of Augmented Reality to Inspire Small Business Owners

Walmart & Target Unwrap New Augmented Reality Features to Bring in Holiday Shoppers

https://mobile-ar.reality.news/news/walmart-target-unwrap-new-augmented-reality-features-bring-holiday-shoppers-0191066/

The 5G Conundrum: Who Will Build Tomorrow’s Digital Superhighway?

Healthcare

VR, AR and the NHS: How virtual and augmented reality will change healthcare

https://www.zdnet.com/google-amp/article/vr-ar-and-the-nhs-how-virtual-and-augmented-reality-will-change-healthcare/

Healthcare Augmented & Virtual Reality Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2018–2026

http://www.digitaljournal.com/pr/4060124

Global Augmented Reality (AR) and Virtual Reality (VR) in Healthcare Market Extensive Study of Future Value Chain on Regional, Drivers and Technological Advancements Outlook 2018–2027

https://www.marketwatch.com/press-release/global-augmented-reality-ar-and-virtual-reality-vr-in-healthcare-market-extensive-study-of-future-value-chain-on-regional-drivers-and-technological-advancements-outlook-2018-2027-2018-11-30

Augmented reality in the operating theatre: How surgeons are using Microsoft’s HoloLens to make operations better

https://www.zdnet.com/google-amp/article/augmented-reality-in-the-operating-theatre-how-surgeons-are-using-microsofts-hololens-to-make/

FDA Approves Surgical Augmented Reality

https://www.healthcarepackaging.com/article/fda-approves-surgical-augmented-reality

AR and VR in healthcare: Five ways immersive tech is saving and transforming lives

https://www.compelo.com/ar-and-vr-in-healthcare/amp/

Technology Innovation in Virtual Reality in Healthcare Market to See Rapid Growth in Coming Year — Leading Players Are Google, Microsoft, Daqri, Psious Industry Analysis

http://www.digitaljournal.com/pr/4053337/

Commercial Real Estate

With Augmented and Virtual Reality, Tour Your Office Before It’s Built [We have a platform called ARRE (Augmented Reality Real Estate) out that can help you do just this and so much more!]

Landlords Look To Curate Tenant Mix So Companies Can Financially Benefit One Another

https://www.bisnow.com/atlanta/news/office/office-space-now-the-frontlines-in-the-war-for-talent-95092

NYC Virtual Reality Champions That Will Make Your Listings Pop

No more open houses? How AR will affect the real estate industry

https://venturebeat.com/2018/10/03/no-more-open-houses-how-ar-will-affect-the-real-estate-industry/amp/

3 smart tech-savvy companies leading commercial real estate into the future [They forgot to mention ARRE but that’s ok, we forgive them.]

https://www.bizjournals.com/boston/news/2018/09/01/3-smart-tech-savvy-companies-leading-commercial.amp.html

How 5G internet will enable ultra-smart workplaces

Military

Microsoft Wins $479 Million Army Contract for Augmented Reality Systems [One of the most earth shattering pieces of news of the entire year for AR!!]

https://gizmodo.com/microsoft-wins-479-million-army-contract-for-augmented-1830730198/amp

2017 Military Augmented Reality (AR) Headgear Market Growth Breakdown by Regions, Manufacturers, Types and Applications

Global Military Augmented Reality (AR) Headgear Market 2019–2023: Competitive Landscape, Advanced Theory, and Survey

US Soldiers Joined to Military’s Connected Cybernetwork Global Attack Machine

Industry Optimistic About Military Training, Simulation Market

http://www.nationaldefensemagazine.org/articles/2018/11/29/industry-optimistic-about-military-training-simulation-market

Artificial Intelligence/Machine Learning

5 Artificial Intelligence Trends To Watch Out For In 2019

https://www.forbes.com/sites/janakirammsv/2018/12/09/5-artificial-intelligence-trends-to-watch-out-for-in-2019/#78fc25d85618

5 Ways Artificial Intelligence Is Changing Architecture

https://interestingengineering.com/5-ways-artificial-intelligence-is-changing-architecture

Why Companies That Wait to Adopt AI May Never Catch Up

https://hbr.org/2018/12/why-companies-that-wait-to-adopt-ai-may-never-catch-up

Artificial Intelligence: Disruption Ahead

https://www.physiciansweekly.com/artificial-intelligence-disruption-ahead/amp/

Launching ARRE: Augmented Reality Real Estate

The augmented reality and virtual reality company that I’m a co-founder of, EolianVR, (DBA: “Eolian”), recently launched our Augmented Reality Real Estate platform (ARRE) specifically geared toward the commercial real estate industry. ARRE is an end-to-end system, complete with a platform, application, hardware, software, storage, and support that commercial real estate firms need to easily and immediately begin showcasing and visualizing large scale real estate assets in augmented reality.

This is a game-changing breakthrough for the commercial real estate industry as potential clients, investors, partners, and brokers, etc. can take a walk through a skyscraper, or 20 story office building, even before a single shovel (or excavator) strikes the ground. Architects can share their vision, make real-time adjustments, and determine the implications of said changes (i.e. total square foot change of the building, etc.) relatively quickly, in order to make sure a project remains within the necessary specifications, all before the project enters the tangible world.

You don’t like the color of the painting on the walls? We can change that. You prefer the reception desk be on the other side of the lobby? Done. You want to see a sliding glass door entrance to the building rather than revolving ones? You got it, just give it a minute. This is accomplished by leveraging technology such as the Microsoft Hololens, the HTC Vive, along with additional complementary & proprietary AR/VR hardware and software.

One can imagine the cost savings realized from a more efficient and streamlined project timeline. Think about less time-consuming walk throughs, change order processing, a simpler permitting process, along with countless other efficiencies that will be gained. Not to mention 3D building models are now rendered obsolete as in an augmented world, you can make real time digital changes to the building without having to spend thousands of dollars updating the model. How much money is lost (chalked up to customer acquisition/cost of doing business) right now just from things like lost efficiency from shuffling people around to your properties and making changes after they’ve already been built, $5,000, maybe $10,000 or even far more?

Take a moment to imagine something with me:

An investment firm’s key decision makers are sitting around their boardroom table in China while taking a tour of a proposed commercial building in New York, all while being able to make real time recommendations along the way (yes, they have headsets on). If they like what they see, they can then make a real-time offer from across the world. Once agreed the real estate developers can pass along their standard virtual contract, with certain covenants to be determined. While the lawyers review it, an initial deposit (binding or not) can subsequently issued via Bitcoin or another preferred form of crypto-currency (or even good ol’ US dollars if desired via an embedded payment processing application) which is deposited into an escrow account (also embedded in the application). All of this can happen in real-time, and soon enough will be how most large scale business transactions will be conducted. Within the next few years companies will be able to transcend international regulatory and currency barriers and just get down to business with the help of block chain technology. Of course, I’m simply summarizing for brevity’s sake, but things like this are just the beginning.

While the first iteration of ARRE is currently live and operational, subsequent editions and updates are subsequently being perfected as well that will leverage the latest and greatest technology to continue streamlining the commercial real estate industry as well as making it significantly more transparent.

One of Eolian’s core missions and mantra is focused on “Building New Worlds” and the launch of ARRE is certainly going to help us do just that.

About Eolian: Eolian is a software development and marketing production firm capable of conceptualizing and building Virtual Reality (VR) and Augmented Reality (AR) applications with practical uses in four main industries: Real Estate, Military, Healthcare, Education, and Marketing. Drawing from a combined 30+ years’ experience in software development and marketing, the team develops and deploys applications on the following VR and AR HMDs (Head-Mounted Displays): Microsoft Hololens, HTC Vive, Gear360, PlaystationVR, Google Cardboard, and Meta2 among others. Members of the team have already built applications such as interactive VR tours, interactive VR simulators, room-scale interactive trainings, hologram trainings, and much more. Eolian is also developing additional use-cases for additional industries such as: Travel/Tourism, Events/Venues, Golf Courses/Country Clubs, Action Sports, and Non-profits among others. For more information, please visit www.eolianvr.com.