Tag Archives: Technology

Managing Stakeholders in the Technological Age

Over the past week Microsoft has been in the headlines after a group of employees sent a letter to company leaders protesting a contract with the US Army. This story has received major media attention from Wired to NPR who are taking an interest in this case and how a tricky relationship exists between technology companies and the government.

 

The contract in questions was awarded in November 2018 and represents the first time Microsoft products, in this case HoloLens headsets, would be used in actual combat operations. This worried Microsoft employees who did not want the products they work on to be used in combat operations and is another statement of concern voiced by technology workers in the US against contracts with the US government.

 

The Wired article included an excerpt of a statement Microsoft CEO Satya Nadella gave standing by the contract and highlighted the importance he sees in continuing to work with the government and military.

 

“Monday, Microsoft CEO Satya Nadella rebuffed the plea. “We made a principled decision that we’re not going to withhold technology from institutions that we have elected in democracies to protect the freedoms we enjoy,” Nadella told CNN Business at Mobile World Congress in Barcelona.”

 

As companies look to provide more advanced technological offerings workers increasingly find themselves working on projects where they do not know how the end user will utilize the product and in some cases who the end user is. Workers walk a fine line here and as companies provide more advanced technology to public and private sector clients an upfront policy on how to address who their clients are and be transparent about how relevant stakeholders might react to different projects.

 

Companies cannot sit idle but must be proactive and work with all stakeholders to ensure everyone is on the same page and have a channel of dealing with complaints internally before too much disruption occurs. As technology solutions become more advanced and integrated into all aspects of life difficult questions of who has access to technology and when technology goes too far will become increasingly more prevalent. As issues arise dialogue is needed from all parties to workout what steps are needed moving forward and when to move away from a project. An additional factor complicating issues surrounding technology is that as new forms of technology become available and trends change the norms of technology shift very fast.

 

To succeed, an organization must take the time to set aside a block of time and address where technology can fit in with their organization and under what circumstances do technology and privacy go too far. A strong organization will be able to move through this time but if transparent conversations are not had by leaders from across the organization internal conflict possess the threat of making disagreements public and damaging the reputation and name of an organization. As with any advancement both progress and new challenges will arise causing leaders to make new types of decisions about who can access information, what projects the organization works on, and what types of organizations a specific organization forms strategic alliances and partnerships with.

 

The issues raised by Microsoft employees will not go away neither will the opinions of varying stakeholders who take different stands to improve their own position within organizations. As more stakeholders enter the conversation more ideas are generated but at the same time more safeguards and guidelines are needed to limit internal strife and the possibility that different sides take a hard position which could reduce the efficiency of an organization. This is an era that goes beyond making a right or wrong choice but is centered on making a choice that leaders can stand by and defend while not alienating stakeholders to the point of rebellion. This is bound to play out in additional companies and increasingly be brought up in the legal system.

WIMS Client Spotlight Sourceree

WIMS Client Spotlight: Sourceree

Sourceree is a cutting-edge technology company aiming to foster innovation and the collaboration of bright minds across industry, government, military, and academia. They are growing rapidly and looking to expand and bring on new professionals with a variety of open positions (check out the website). They have offices in the Pittsburgh/Johnstown, PA area, Arlington, VA, and Washington D.C.

They have an environment where they make things happen. Fast. They have the atmosphere to urge collaboration and idea development. Fun. They strongly desire to drive innovation over the edge. Exciting.

Sourceree supports programs across offices in the U.S. Department of Defense and Commercial Enterprises cross pollinating ideas to lead change, adding value by introducing proven techniques in management, implementing habits to increase productivity, and providing leading edge engineering support to meet any challenge. Sourceree is comprised of program managers, engineers, cyber security experts, and analysts who are experts in their respective fields. Together they make a team with expansive experience and complementing skill sets that enable us to deliver simple innovative solutions.

Their service offerings include the following:

STRATEGY AND MANAGEMENT

Sourceree works with all levels of an organization to develop a comprehensive strategy and implementation plan, by assessing the client’s strengths and weaknesses. Our group advises the client on the best way to achieve their goals and manage their program or business more efficiently. Some of the ways we accomplish this is by building a flexible operating framework that will improve policies and practices, team collaboration, and information delivery.

CYBER SECURITY

Sourceree uniquely assists clients in strengthening their systems in the face of a cyber-attack by implementing an agile lean management approach to design, and managing cyber security operations with program managers and stakeholders. Our expert team members have extensive experience in addressing risks to critical Defense programs, and can support clients in fortifying their information systems and technology at any criticality level.

SYSTEMS ENGINEERING

Sourceree employs well-versed engineers to effectively manage, lead, and support large and highly visible programs. Sourceree assists clients by developing systems, computer hardware, and/or applications. Using a lean management approach allows us to deliver solutions that meet client needs quickly and cost effectively. Sourceree also provides understanding on how the system works, what best approach aligns with a client’s strategy, and how to take advantage of it.

SOFTWARE DEVELOPMENT

Software Development includes research, development, prototyping, modification, reuse, re-engineering, and maintenance to build a software product. Sourceree pushes to use agile methods, short design, development, and test cycles to deliver as quickly, and often, as possible to meet clients’ needs and desires by developing applications for client use.

ANALYSIS

Sourceree, led by an all-source analyst, conducts intelligence analysis for clients in the areas of supply chains, commercial maritime shipping, and financial networks. By pulling resources from various data sources and systems, Sourceree analysts investigate commercial operations, industry trends, counterfeit products, and network connections to meet the objectives of its clients.

PLATFORM CONSULTING

Sourceree works with clients to create solutions for single and multi-sided technology platforms. Platforms, in this instance, are technologies, products, and services that create value by enabling direct interactions between two or more clients—or participant—groups. We work with clients to not only define their Platform Strategy, but also develop the solution to fully exploit their platform.

WIMS Guide Industry Outlooks

Introducing WIMS Guide In-Depth Industry Outlooks

Over the next several weeks/months we will be releasing in-depth industry outlook guides in order to provide additional value to our audience.

Yes, there are many industry outlooks out there already, most of them created by highly funded teams and experts with lots of resources to leverage. However, because of that, their focus typically remains at a very high and unapproachable level as they try to be relevant to too broad a target audience. Besides, we will be aggregating many of the most well known reports and curating them to extract the insightful, thought-provoking, and most importantly, call-to-action oriented data and trends that help move the needle in your business.

Whether you’re currently working in these industries, are service provides to clients in the space, or simply strive to remain knowledgeable about what lies ahead in the macro-economic environment, we are committed to making sure they provide tremendous value.

The initial roll out will include the following industries:

  • Healthcare
  • Commercial Real Estate
  • Legal
  • Accounting & Finance
  • Sports
  • Technology
  • Non-Profit
  • Startups

Each will also include a localized angel from our various locations, including Charlotte, Miami, and Southern California.

As we begin to launch this initiative what would you like to see in such an industry outlook? What would be most relevant to you?

Accounting Industry Trends

 

The accounting industry is being disrupted by a range of technologies including machine learning, Artificial Intelligence, and the blockchain. The sources below highlight trends across marketing, human resources, and cybersecurity with implications across the accounting and financial services industry.

Major changes are coming to the workplace as technological disruptions alter where work is done, the speed of workflow, and the role of the employee within the mission of the firm. These new trends are shaping the core principles of work across all industries including how workplace meetings are run, how financial transactions are handled, and change the necessary skills sets a competitive workforce has. From webinars to speakers at industry conferences blockchain technology is a disruptive technology which continually is discussed.

The chart below, from Robert Half, highlights survey results from over 2,000 financial leaders on blockchain technology and how it will shape the financial services industry.

The results from this survey show how finance leaders have a range of thoughts on how cryptocurrencies and the blockchain will affect the overall industry. Only 13% of those surveyed believe that cryptocurrencies will not be common while 50% believed that cryptocurrencies will either be Somewhat Common or Very Common. Since most of these finance leaders believe that cryptocurrencies will have some impact on their business they are planning for a future where cryptocurrencies shape strategic decisions across the firm. Some ways that companies are addressing the growth of cryptocurrencies include training staff on cryptocurrencies, increase investment in specialized accounting including forensics accounting, and increased cross-departmental collaborations. These changes can be met through focusing on internal growth and development while also seeking outside partners to increase marketing, business development, and employees training.

The accounting industry is at an exciting place. The last decade has seen some of the most drastic changes improving the efficiency of the industry. Some technological advances include the growth of blockchain technology and machine learning. Industry leaders are making investments in training their workforce, increasing their marketing presence through digital campaigns and brand journalism. Through partnering with marketing firms and investing internally on training and retaining top talent, accounting firms can position their brand favorably in the industry while growing their service offerings.

The Power of Blockchain



I want to take some time and walk you through an interesting interactive project about Blockchain from the Reuters Graphics department with sponsorship from Barclays. This post is from June 2018 and I came across it while scrolling through a 2018 Reuters Graphics Best of List. This article shows where the news industry is heading, merging visual interactive content, with narratives to tell a story. The blockchain follows a story where information is shared on a shared ledger.

This article shows how to easily understand what the blockchain is and how the technology can be harnessed through words and infographics. The piece begins by discussing how the blockchain, at its core, is a database where no one entity holds ownership of the information, be it a banking record or information on the tracking of a tomato through a supply chain. This decentralizing of record keeping is the core of what the blockchain is. Since the information on the blockchain is held on a network that is shared changes are noticeable and it is difficult, not impossible, to distort the information.

For most of history information was controlled and distributed by organizations who could sway decisions and make a good sum of money through being the only forces involved in selling and distributing goods or services. When information is placed on the blockchain, the system is constantly scanned for any changes making sure that all copies of members on the blockchain have the same accurate information. This means as the scale of the blockchain network increases the necessity of scanning and accurately identifying the information across the system also grows and becomes more complex. While much of the media hype surrounding blockchain surrounds bitcoins and the changes in bitcoin prices other useful applications of blockchain range of monitoring food supply to helping make the energy grid smarter.

Now that the foundations of blockchain technology has been outlined the Reuters article walks through a scenario where blockchain can be used to track a transaction. The core of the blockchain, as alluded to earlier, is the database with information on it. This is implemented by having records added one after another to the chain.

Here is a case study where the blockchain would be used across a supply chain. In this example a restaurant owner makes a deal for a restaurant company to purchase tomatoes from a large farm. The structure can be summed up as the record holds the information on the transaction.

If a restaurant wanted to track the location and quality of food through its supply chain the record would be the deals made with suppliers while the block is the collection of records involved and the chain is the link of the blocks. If a restaurant in North Carolina wanted to purchase an order of tomatoes, the order would be placed on the record showing that an exchange was initiated. This is followed by having the system go ahead and scan to ensure the record is authentic. This is followed by having accepted records added to a block which contains a unique hash as well as the prior hash in the system in a specific order.

With all this protection the tomatoes in the salad are ensured to be of high quality as they move along the system. The hash codes along the blockchain serve as an encryption where the information is not control by any one individual and a key is needed to access the information of the transaction. With possible uses from healthcare record keeping to tracking that diamonds are mined without blood diamond warlords and move through a supply chain without forced labor. The blockchain is much more than a cryptocurrency fad and should be something on your radar during 2019.

Sources

Arnold, Andrew, “How Blockchain Can Help Increase The Security Of Smart Grids” Forbes. Retrieved 4 January 2019 from https://www.forbes.com/sites/andrewarnold/2018/04/16/how-blockchain-can-help-increase-the-security-of-smart-grids/#2ffea9a4b489

Murphy, Maryanne, “A Reuters Visual Guide: Blockchain Explained.” Reuters. Retrieved 3 January 2019 fromhttps://graphics.reuters.com/TECHNOLOGY-BLOCKCHAIN/010070MF1E7/index.html

Institute of Food Technologist (IFT), “The Potential of Blockchain Technology Application in the Food System.” Retrieved 4 January 2019 from http://www.ift.org/Knowledge-Center/Learn-About-Food-Science/Food-Facts/The-Potential-of-Blockchain-Technology-Application.aspx

WIMS Client Spotlight: IntellyDoc (AI Contract Management/Automation for Lawyers)

Meet IntellyDoc (website/platform is going live this week): The platform designed specifically for lawyers that serves all your end-to-end contract management needs, and will soon leverage artificial intelligence (AI) technology as well. IntellyDoc easily solves every lawyer’s greatest problem – time management.

You can manage your contracts – from start to finish – without having to leave the IntellyDoc platform. IntellyDoc empowers you to leverage and take back the greatest commodity in the practice of law – your time. Which means you’ll draft contracts, automate document review and approvals (including e-signature functionality), gain critical insight with contract analytics, and close deals faster and more efficiently than ever before.

On the IntellyDoc platform, you get access to the following powerful capabilities:

  1. Smart Contract Template Design
  2. Automated Contract Review
  3. Custom Workflows
  4. Collaboration
  5. E-Signatures
  6. Data Analytics/Reporting and Extraction

The Real Benefits of IntellyDoc:

  • Less email tra­ffic
  • Less legal grid-lock and pressure
  • Less time in the weeds
  • More time to practice high value, meaningful work
  • More efficient workflows
  • More metrics to inform decisions & ensure compliance.

Here’s how it works:

  • Create, review, negotiate, execute, and store a document without leaving the cloud-based platform.
  • The built-in, smart workflows automate document review and approval, enhancing speed and accuracy of your workload.
  • Collaborate securely within the platform to edit and track changes, manage several versions of documents, and execute documents with electronic signatures.
  • Gain powerful insight into your contract repository with real-time reporting and analytics.

Why it works:

  • Our simple set up with on-going, hands-on support means zero installation rigmarole but on-boarding training support is here, if needed.
  • The platform supports various file types you interact with daily on Macs or PCs including: doc, docx, and pdf.
  • The secure and compliant cloud-based approach delivers metrics and transparency.

The website is being finalized this week, but if you’re interested in learning more about the platform, please email sales@intellydoc.com or click here to schedule your demo today.

Entrepreneurs Zoho CRM

Entrepreneurs! Are You Aware of the Latest Offerings from Zoho CRM?

Forget what you think you know about CRM programs. It’s time for you to rethink the entire idea that you’ve been holding onto for years now. You know, that they’re too expensive, too complicated, and not useful enough to justify tackling those challenges. It’s just not true anymore. I understand why you think that way, but until you’ve seen the latest software package that Zoho CRM has been rolling out it’s simply misguided. Allow me to enlighten you a bit.

While I remain a raving Salesforce fan, I’m not going to suggest you take on a CRM program of that magnitude (unless your enterprise fits a certain set of criteria). I still love HubSpot as well but will save that for another post. Right now, I’m here to inform you about the crazy new suite from Zoho that you must at least take a few minutes to check out. If you’re a solo entrepreneur/freelancer, or you have all the way up to 25 employees it will help revolutionize and scale your business like crazy.

Now I was already geeking out a couple months ago when they launched Zoho One. But then they went ahead and added too more applications the other day which literally blew my mind. Zoho Flow “automates business workflows by connecting your apps. You can build smart integrations to break the information silos in your business.” This works for both internal Zoho apps and external ones as well, think Zapier or IFTTT. The other is Zoho PageSense, which is “the Complete A/B Testing and Website Optimization Software. Get ready to increase website conversions and skyrocket your revenue.”

Now, for transparency purposes I must inform you that a large part of my business is built around assisting companies of all sizes and industries to build and implement CRM programs like these. BUT, I legitimately use this one for my own business. It not only has helped me to get better organized with project management and more efficient and streamlined from an operations perspective but leveraging it has tangibly helped me to grow the revenue of my business significantly as well. I’m all about automating as much as possible and these new features allow you to do just that.

If you want to explore what incorporating a CRM program would look like for your business, reach out to me and I’d be thrilled to assist. Whether it’s Zoho or one of the many other incredible programs out there, we can certainly get you on the right track to implementing it correctly to start demonstrating ROI asap.

Before moving forward, to get a better idea of what all they have to offer, take a look at how they articulate it:

Zoho One is a revolutionary all-in-one suite to run your entire business—an unprecedented 35+ integrated applications on one account, with complete administrative control—for a price that will change the way you think about buying software.

Zoho One includes applications with complementary mobile apps so you can run your entire business on one suite. This is the real deal here: You’re getting full-featured, enterprise editions of the entire Zoho suite. That means being able to reach customers, grow sales, balance your books, and work in productive and collaborative ways from any device—all with a single login and password.

Zoho One connects your sales, marketing, customer support, accounting, and more, while also giving you contextual integrations to communicate and collaborate with colleagues, customers, and vendors. With an integrated suite like Zoho One, you’ll always have the right information in the right places, empowering your employees to do great work. Traditionally, this has required an astronomical IT budget and an army of consultants to force everything together. Zoho One makes all that cost and complexity a thing of the past.

Zoho One is enhanced by Zoho’s growing developer ecosystem, marketplace extensions, and global partner network. We’ve made Zoho One extendable so our technology partners can customize our applications to meet your unique needs, across a broad set of industries. These custom apps and extensions of our already powerful applications are made available to you through our Marketplace. Meanwhile, our 1,000+ implementation and training partners are available to help you locally as needs arise.

GNEISS

WIMS Client Spotlight: GNEISS 2017 Year in Review & What’s to Come in 2018: Reinventing the Financial Wheel

“The GNEISS team truly had an incredible year in 2017. It was filled with many milestones and growth as a company and platform. Our goal is to help our users unlock the power of the blockchain to take control of their financial freedom. We’re doing this by building the World’s 1st P2P Ethereum Blockchain Platform. More specifically, GNEISS is a business development and free market platform that uses blockchain technology to enable peer to peer financial transactions.

Clearly the explosion of the cryptocurrency market and popularity of Bitcoin and Ethereum has played a tremendous role in propelling us forward. The awareness and branding/marketing of the industry created a headwind which we have been able to leverage to our advantage.

Some of the key milestones we hit this year are included below:

  • Reached beta stage of development.
  • Enabled Secure Wallets via Segwit/Multi Sig (for bitcoin); we’ve incorporated all the features of Bitcoin and Ethereum onto our platform.
  • Established Fiat Currency Tethers (we were the first platform to do this!).
    • Including: USD, EUR, CNY, GBP, CAD, AUD.
  • Our GNEISS coin is now listed on the Ether Delta Exchange and being publicly traded, it will soon be on Bancor and others as well.
  • 140+ users and climbing.
  • Launched our online forum/blog: forum.gneiss.io.
  • We’ve grown our social media presence on multiple platforms and have released multiple videos to our YouTube channel.

 

What’s to Come in 2018

The market for peer-to-peer lending is growing annually, potentially reaching $490B by 2020 [1] Our aim is to bring borrowers and lenders on a single platform where those with access to finance can connect with those in need of finance, and reach mutually beneficial terms and conditions that are transparent and immutable. Through GNEISS, loans can be achieved using a legally verified smart contract and secured using crypto-currency. The smart contract is executed on the Ethereum platform, facilitating a peer to peer interaction, with the transaction details recorded on the Blockchain.

This enables individuals or companies who have digital assets to borrow against them, to generate immediate cashflow, without compromising the position of their assets. Borrowers can use their crypto-currencies as collateral on a safe, efficient, and cost saving platform. Similarly, lenders who have reserved digital funds can provide loans based on their risk tolerance and achieve higher returns than typical bank deposits.

By creating a win-win situation, on a decentralized and transparent platform, GNEISS is creating opportunities which have not existed in the cryptocurrency space. In short, GNEISS enables frictionless access to credit in a secure and scalable way.

1https://lending-times.com/2017/07/24/alternative-lending-and-cryptocurrencies/

In addition, the following are some of the highlights of what else is on the horizon:

  • Full platform launch set for later this year.
  • Ability to tokenize any asset in the free market that has value (everything has value and you will be able to assign a price to it).
  • We will continue to pursue getting listed on the Bittrex and Poloniex exchanges.
  • Improve our money/wallet management system.
  • Enhance user management and interface functionality.
  • Release new features, such as:
    • Create, transfer, mint, burn, exchange, tax, or pay dividends to any crypto-asset or smart contract on our decentralized blockchain-powered trading platform.
    • Ability to exchange tokens.
    • Ability to create new tokenized assets.
  • Mobile application launch.”

Stay tuned!

CRM Revisited (Again): It Should be Your #1 2018 Priority

I’ve been harping on the importance of CRM programs for about a decade now (here’s the last time), yet it still hasn’t caught on the way it should. This is the year that changes. Like with most technology, competition, economies of scale, and innovation have driven costs down significantly. Not only are they cheaper, but the functionality and value has simultaneously increased dramatically. Now, you can even get basic versions of a CRM program for free. It’s why acquiring and implementing a CRM program is my #1 recommendation for every business, regardless of industry or target market, if you’re looking to increase revenue.

Whether you work for a large and complex company, or if you’re an independent freelancer, or if you’re a sales mercenary who is compensated by getting to “eat what you kill,” there is a CRM program out there for you. Regardless of your budget (or lack thereof), you can customize the level of sophistication of your CRM program, as they all have various subscription levels. Further, there was recently an absolutely game changing announcement from one of my CRM platform preferences (and the one I personally use for my business).

Zoho One – An Operating System for Business

“Zoho One is a broad and cohesive set of applications that work collectively to run an entire business on the cloud. It includes more than 35 web applications and an equal number of mobile apps—under a single sign-on, with centralized administration and provisioning—making it a true operating system for any business. While each application punches above its weight against the competition, collectively they deliver a knockout punch.

With Zoho One, we’ve put together all the applications a company needs to acquire and serve its customers (marketing, sales, and support apps); run its operations (finance, recruiting, and HR apps); and provide all the tools for its employees to work collaboratively and get their work done (office suite, mail, personal productivity, and collaboration apps). Almost any company has these same needs. With Creator, our drag-and-drop app builder, customers can even build custom apps for unique business needs—like logistics scheduling—and put them under the same umbrella that forms the single operating system for their business.

Zoho One is available at $30 a month—or just about a dollar a day, per employee. ($35 if you pay on a month-to-month basis).”

While WIMS, Inc. is platform agnostic (we work with all of them, including Salesforce, HubSpot, Microsoft Dynamics, and Insightly among others) it’s getting more difficult not to refer my clients and prospects straight to Zoho right now. There are of course exceptions, but they’ve built something special, particularly for entrepreneurs and small businesses.

Now, back to the more general CRM theme.

They all integrate with your email provider of choice, along with most social media channels, so tracking communications is easy (and automated). There are an incredible number of third-party add-ons you can incorporate depending on how robust your operations processes are to add additional functionality too.

Most importantly however, is that the ROI (return on investment) will more than make up for the expense.

CRMs help you automate your sales process. The more automated your sales cycle and follow up efforts can be, the greater volume of deals your business will be able to close. Further, the more accurate data you have about your sales cycle, the more deeply you can analyze it to gain insight that will not only help increase revenue, but ultimately help you improve:

  • Close rates,
  • Customer service and retention,
  • Length of sales cycle, and
  • Forecasting efforts and projections.

While implementing a CRM program can be a significant commitment initially, if you do it right, the benefit to your business is invaluable. With just over two months left in 2017, now is the perfect time to start planning and conduct your due diligence to start 2018 with yet another New Year’s resolution.

We’re here to help if you need it!

Eolian is Solving Augmented Reality & Virtual Reality’s Greatest Barriers to Mass Adoption

There has been significant traction and growth in the augmented reality and virtual reality industry over the past few years, that’s undeniable and obvious. However, neither has yet to make that inevitable quantum leap to mass adoption by individuals and enterprises. At Eolian, we believe that augmented reality, virtual reality, and mixed reality, are the next wave of computing, and will have an impact that far exceeds even that of the mobile one that we’re currently in. Some of the challenges that have been holding the industry back from that type of breakthrough are being overcome rapidly and as a company we are at the forefront of leading the charge.

VR Applications from the User Perspective

Three of the most common barriers to entry that cause hesitation with VR adoption from a user perspective are:

  1. The uneasiness/motion sickness that can occur from too much “teleportation.”
  2. The inaccurate destination area while teleporting with the current controller method is also a little cumbersome and frustrating at times when it sends you somewhere that you weren’t looking to go.
  3. The controllers themselves can be a burden as well, not to mention having your actual hands mimic real-life movements in a realistic fashion is what you’re training someone to do via the educational use-case.

To fix these issues we partnered with a company called Leap Motion which developed a hand tracking sensor that eliminates these issues and allows you to more seamlessly embrace the VR world.

The Constant Evolution of Hardware

A lot of businesses don’t want to invest a significant amount of resources into a project if by the time it’s completed there is already another better piece of hardware coming out. This could render a project obsolete, or require significant and expensive updates late in the game to make sure the application is compatible. In some cases, companies simply refrain from even trying to build something altogether rather than make that type of mistake. They’d rather wait it out to see which piece of hardware “wins” before diving in. That could be a big mistake if/when their competitors get a head start.

Even a six-month to one-year long software development project could experience multiple hardware changes, so agility and adaptability are crucial. This shouldn’t be seen or approached as a burden, but rather an opportunity. A great Augmented Reality/Virtual Reality company shouldn’t need to react or be caught off guard either, they should anticipate these changes and plan accordingly. Build with the next version in mind at all times, without breaking what was built for the previous hardware in case delays in that next thing happen (which is also just as inevitable).

We’re already able to create applications that can sync with multiple pieces of hardware, and even from various manufacturers too. While we have our preferences, there’s no room for romanticism in this business. You don’t have time to wait to see what users adopt and then start building for that. By the time you do they’re likely on to the next thing.

Supply Chain Disruption

When working with cutting-edge technologies supply chain issues can arise leading to unpredictability and volatility. We’ve already experienced them too many times, so we now work with various forms of hardware in conjunction to mitigate these macro level issues that can arise while implementing an Augmented Reality/Virtual Reality initiative at the enterprise level. It won’t always be perfect (even Apple must outsource some of their parts to Samsung after all) so planning ahead to make sure you have all the right components is crucial.

Would Companies Really Use AR/VR to Train Their Employees?!

Yes. They would, do, and will continue to do so even more so. One of the most widely used, and highest revenue grossing VR application’s right now is “Job Simulator.” Think about that for a second, kids and adults are going out of their way to pay for a game that simulates what it’s like to have a job rather than getting an actual job and getting paid to do it. Quite the contradiction, no?

Not only are they using this application, but it’s now the “most popular VR title to date” after surpassing $3 million in sales. So anyone that says, “but our employees would never want to receive virtual reality training…” you may want to re-evaluate your stance on the matter.

 

The Augmented Reality and Virtual Reality industry is still in the wild, wild, west phase but the opportunities and use-case applications are astounding. You may have dismissed it altogether after trying one silly headset and phone application, but we’d urge you to give it another look and keep an open mind as that’s not what Augmented Reality  and Virtual Reality are truly meant to be. But don’t just take my word for it, soon enough this technology will have infiltrated just about every aspect of your life as it is so don’t miss the opportunity to be an early adopter.