Behold Your Virtual Reality Destiny! It's The Facebook Innovation Series Finale

All good things must come to an end. Yes, it’s the last of B&T‘s week-long Co-Lab series, brought to you by Facebook.So far it’s been a smorgasbord of innovation topics that came out Advertising Week APAC and Facebook Building 2020, and we’re finishing with a bang.

Today, we’re diving into the world of Virtual Reality (VR); looking at the current global trends, the local innovation and the myriad ways VR as a tool has moved beyond entertainment and is now facilitating positive change globally.

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Moderated by Facebook head of tech, entertainment and connectivity Jason Juma-Ross, the panel discussed how VR technology is maturing and transforming into a powerful tool for helping patients, students and companies.

Speaking with Facebook global head of consumer research Helen Crossley and Sydney University Professor of Biomedical Sciences Philip Poronnik, Juma-Ross and the panellists discussed how VR is being harnessed by medical students and marketers in entirely different ways.

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For Poronnik, VR is a fundamental piece of learning equipment for his students, a tool he called a “total game changer”. He added, “People have been excited about VR since it came out, we’ve been limited by cost but now we have Oculus Go and our abilities are unlimited”.

According to the professor, the Oculus Go has enabled students to help prep patients for operations, offer better stroke rehabilitation to sufferers and even create bespoke situations where students can train in rare medical emergencies that were previously too costly or niche to study.

“The technology has an immense capacity for training,” said Poronnik. “From the Ebola virus to virtually stepping into Hazmat suits which are incredibly expensive, it allows us to teach students to prep without the cost,” he added.

“We can work on quick drug simulations and stressful situations. Teaching knowledge about these situations is critical but given their low probability, the ability to simulate them with GO has been hugely helpful to students in training”.

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Poronnik also touched on how VR sets being used in ER rooms is enabling patients to temporarily disappear , creating virtual environments which distract them from the chaos surrounding them. As well as this, VR has proved very effective in helping and curing phobias.

For Crossley, the tool will be massively important to consumers and retailers. Speaking on the impact of VR, Crossley said, “Consumers want to experience a lot of different things. Immersion will soon be the norm, and it’s interesting to realise most consumers’ first experiences with VR will not be in the home”.

Crossley added, “Physical retailers are successful when they offer a completely immersive experience. Where we see VR with commerce in the future is consumers being able to experience products in a visceral way, be that in travel, auto, retail and beyond”.

Looking to the future, both Poronnik and Crossley agreed we are only at the beginning of finding out what VR can do for humans, though neither could predict what the tech would look like in 10 or even five years. However, both are extremely excited about it.

Poronnik, for one, questioned how the tool will physically be used by humans in the coming years given its very nature as a “body experience”. He rhetorically asked, “In the future, will it still be glasses or will it be projected onto our eyes? We’re really just scratching the surface”.

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Meanwhile, Crossley likened the technological progress of the tool in marketing to the ‘chicken or the egg’ debate. For Crossley, at the moment both marketers and consumers are waiting to see what the other will do with tool.

She asked, “How will consumers continue using the tool despite the fact there’s not a tonne of content? How will developers and marketers continue building VR considering the base is still growing? We’re not sure”.

“We can only imagine what it’ll be like in 10 years,” Crossley added.