VR will be “the Next Generation Computing Platform” says Goldman Sachs

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VRface

I remain excited, but not wholly convinced by the prospect of Virtual Reality. Many pundits and analysts believe that within the next few years, Virtual Reality is set to explode, finally becoming the mainstream attraction that 80’s tech promised, but failed to deliver.

I’ve gone eyeballs on with some of the impending VR solutions, and they largely work as advertised. Many have faith that VR will end up being a revolution. And now, one of the largest Investment firms on the planet, Goldman Sachs, believes VR is set to take off in a big way, becoming an $80 Billion industry by 2025.

“While today virtual reality is primarily thought of as a place for hardcore gamers to spend their spare time, it’s increasingly impacting sectors that people touch every day,” says Heather Bellini, Business Unit Leader in Telecommunications, Media and Technology at investment Firm Goldman Sachs, “For example, in real-state: instead of having to go see 50 homes with an agent over the weekend, you might be able to put on a pair of virtual reality glasses or a head mounted display at your realtors office and be able to do a virtual walk-through of what those properties look like and therefore maybe you could eliminate 30 out of 50 on your list and be much more efficient with your time.”

“We think this technology has the potential to transform how we interact with almost every industry today, and we think it will be equally transformative both from a consumer and an enterprise perspective,” “At the end of the day we think VR and AR will be as transformation as the smartphone market.”

But how is that different from the garbage VR that flooded malls and arcades in years past?

“What’s different about virtual reality today versus, say, 10 years ago when people thought this was going to become mainstream, is that the technology has started to catch up,” says Bellini. “We have processor speeds—things like Moore’s Law have really transformed chip speed—graphics cards have gotten more powerful, so you’re [able] to see the number of frames per second that your eyes need to see so that you don’t feel queasy as you’re starting to use these types of devices.”

While I’m still not won over by the prospect of VR in full games, it does work exceptionally well in more limited “experiences.” Like Bellini though, I think VR’s real future exists outside of video games, as a disruptive technology that changes the way we do certain things; her example in real-estate is prime, as are applications like medical training, aviation and engineering. And of course, that Adult Entertainment stuff.

Read  DOOM VFR review - A Doom with a View

Last Updated: February 16, 2016

Geoffrey Tim

Editor. I’m old, grumpy and more than just a little cynical. One day, I found myself in possession of a NES, and a copy of Super Mario Bros 3. It was that game that made me realise that games were more than just toys to idly while away time – they were capable of being masterpieces. I’m here now, looking for more of those masterpieces.

  • Commander Admiral Chief

    Header lolz

  • Captain JJ ‘saurus

    Love the header.
    Apple VR: low res. sub-par tech. R40,000

  • Alien Emperor Trevor

    They’re going to need to make massive cost reductions if they want this to stop being a gimmick for the few.

    • Captain JJ ‘saurus

      Give it a while and there will be guys popping up with cheaper alternatives that work just as well.

    • Deceased

      Can anyone here give me an answer as to where I can pre-order the HTC Vive locally? ( and if possible, for how much? [ that last part wouldn’t affect my choice ] )

      • Alien Emperor Trevor

        No eye deer.

  • Umar

    Look, i won’t lie, I would try out VR adult stuff. Just once…I mean, we’re all curious…right?…RIGHT?

    • Captain JJ ‘saurus

      “just once”
      Sounds like you’re trying to convince yourself.

      • Umar

        Every crack addict’s famous last words.

    • Hammersteyn

      I would love to mate with a women once, I guess VR is as close as I’ll get….. wait, did I just type that!

      • Captain JJ ‘saurus

        XD

      • Umar

        LOL Screenshotted, will paste on your tombstone one day 😀

        • Hammersteyn

          XD

  • Pieter Kruger

    Goldman Sachs predictions are like weather forecasts……”60% chance of rain with a 40% chance that we’re correct” ????????????

    • HOLY SHIT. A funny Pieter Kruger comment that isn’t a) deriding the PlayStation 4 or its fans or b) defending the Xbox One or its fans.

      ITS GON’ RAIN!

      • Jim Lenoir (Banana Jim)

        WOE IS US! THE END IS NIGH!!!

      • Pieter Kruger

        I slipped up ok, it happens, I’m only human……..????????????

  • Greylingad[CNFRMD]

    Ok, let’s just quickly think about this, with real estate agents being what they are, does she really think that they’ll go out to a house and build a complete VR portfolio of a house, compile the whole thing and then advertise it through the headset… It’s impossible to get a real estate agent to phone you back, how on earth will you get one to actually do work? I don’t mean to talk it down, I’m just saying…

    • geel slang

      Lol at viewing 50 houses in one weekend, but yes, just look at the photos agents use for selling houses, they cant even do that right, never mind set up a full VR experience.

      • Greylingad[CNFRMD]

        Exactly!! They are truly the most over paid, under skilled people in the world, sure there are some exceptions, but I have not come across one that is actually competent, and I’ve seen way too many of them already…

  • oVg

    Sorry but thanks to being a hard working middle class South African. This is all I can afford.

  • BakedBagel

    Banks telling users what the next big thing is.

    HAHAHAHAHAHAHAHA

    Be a bigger fucking joke?

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