Some Perspective on the Virtual Reality Scene

July 10, 2017

Virtual reality was the hypemeister of 2016. This year, we seem to have slid into the “trough of disillusionment” as mass consumer use  of VR has yet to materialize. With this in mind, here are some articles that put the VR space in 2017 into a proper perspective. A good perspective on the market may also be found in this article from Forbes (remember to remove your adblock!)

https://www.forbes.com/sites/tiriasresearch/2017/07/07/the-state-of-the-virtual-reality-business/

1. VR Works Better When Mixed

The most exciting work in virtual reality mixes computer-generated reality with live sets more like dinner theater, and leverages moviemaker skills. As an example, consider Birdman director’s Alejandro González Iñárritu virtual reality installation piece Carne y Aren. This project mixes something like dinner theater (rooms with props) with VR experiences, along with special effects like wind coming from fans. It’s a step beyond “haptics”.

https://www.theverge.com/2017/7/8/15941596/carne-y-arena-alejandro-inarritu-virtual-reality-installation-border

The problem here is that you’ll need a real hybrid environment – a mix of traditional theater, dinner in the round, moviemakers who can get off their “director” high horse and enable user interactions, plus computer geeks and 3D Experience Designers.

2. There’s More to Virtual Reality than Games or Movies

During the past year, there’s been a focus on porting 3d games to VR. While this makes sense from a hardware perspective (gamers typically have computers with enough horsepower to handle VR rendering) this severely limits the market, as well as the mindshare, for VR in the public mind. However, there are LOTS of ways VR is beginning to be used that are more “app-like” rather than games or cinema.

https://www.forbes.com/sites/haroldstark/2017/07/08/forget-video-games-virtual-reality-can-be-its-own-entertainment

 

3. Investment is Picking Up Again!

In the last quarter of 2016 and early 2017, investment declined. Some took this as a sign that VR was a flash in the pan, and was in a death spiral. However, in Q2 2017, VR investment surged – and it didn’t need Magic Leap to do so:

Digi-Capital Q2 VR Investment

Why did I mention Magic Leap? A significant fraction of total investment in the last few years has been in that secretive company. This has skewed the entire market, and probably is partly responsible for inflated expectations. The fact that investment is going up without Magic Leap is a good sign.

4. WebVR Gets Responsive

The WebVR JavaSpec was recently upgraded to 1.1, and support for smartphone web browsers and headsets is (slowly) getting better. With this improvement, designers and “Ux in VR” experts are starting to design ways to integrate WebVR into existing websites, like the outstanding Unboring.net site.

Maslow’s hierarchy of a Progressive Enhancement project

https://unboring.net/workflows/progressive-enhancement/

This shows that the path for existing web design shops, creative agencies, and individual designers and developers is getting clearer, and that it will be practical to integrate virtual reality into existing web assets.

And virtual reality isn’t a threat to the real – quite the opposite, in fact!

https://www.bloomberg.com/gadfly/articles/2017-07-10/facebook-s-bet-on-virtual-reality-runs-into-real-reality

VR Retail Isn’t Worked Out….

An article in Business Insider detailed a new project to enhance v-commerce. Apparently, retailers are interested in VR, but at present there’s little or no understanding of how to enable it.

http://www.businessinsider.com/walmart-wants-to-be-on-the-cutting-edge-of-vr-2017-7

So, Store No. 8 (in collaboration with Wal-Mart, Accenture, and a bunch of other heavy-hitters) is hosting a contest to develop innovative v-commerce.

Store No 8 and Thrive Global Launch Innov8: V-Commerce Competition

The problem? Little or no consideration of web-based virtual reality. Despite the fact that these retailers have huge investments in e-commerce via the web, no connection imagined between web efforts and the nascent VR consumer.

The problems with vr-based e-commerce hasn’t stopped big investment:

https://www.entrepreneur.com/article/298568

The Best of Times…

Right now, you’re in trouble if you expected there to be millions of VR gamers – you’re probably in “cockroach mode”. But the environment is also perfect for developing VR experiences that go beyond the game/app model.

 

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