Industrial IMMERSIVE Brief | November 8, 2024

From Safety to Savings: Industrial XR Training ROI

XR training is real, it's here, and it's revolutionizing industrial training faster than you can say "where’s my VR headset?"

Time is money, and XR gets that. Imagine cutting training time in half—yes, 50% faster learning. That’s like watching your favorite show at 2x speed but without missing the details (and no one's voice sounds like a chipmunk).

Retention rates? XR is crushing it. Traditional training leaves you with the retention of a goldfish (okay, not quite, but just 20% after a week). XR takes that up to 80% over a year! Your brain will thank you, and so will your boss when you remember that obscure safety protocol in real time.

Cost savings? Oh yeah. Traditional training can turn into a money pit. XR slashes costs by up to 70%. It’s like getting a fancy steak dinner at a fast food price. You’ll even save on travel—no need to book that hotel conference room in another state.

Still not convinced? Check out these jaw-dropping results :

• Boeing saw a 90% improvement in first-time quality using XR for employee training. If they’re doing it, maybe it’s time to jump on board.
• Tyson Foods dropped workplace injuries by 20%. Because nothing hinders productivity quite like an unexpected trip to the first aid station.

Whether you're training employees on complex machinery, improving safety drills, or just looking to justify a cool headset purchase, XR training is delivering serious ROI.

Read the full story on industrial XR training ROI

XR Tech for Industry Transformation

What if training could be as real as a haunted house? With extended reality (XR), employees don’t just learn; they experience. Imagine training that’s so immersive, it’s practically a “choose-your-own-adventure”—without the spooky consequences. And it’s working: VR training can cut learning time by up to 50% and boost retention to 80%. Now, that’s what we call a treat!

Think your team has seen enough “horrors” on the factory floor? Digital twins let you test and troubleshoot processes without the real-world risks. It’s like having a crystal ball, but way more practical (and without the fog machine). Imagine foreseeing equipment breakdowns before they haunt your operations—that’s the kind of “magic” every manufacturer wants.

This week’s article covers everything from…

• How XR makes quality control and prototyping less of a nightmare
• Real-life examples of companies slashing accidents and costs
• Tips for trick-free digital transformation with a hefty dose of ROI

Ready for a new reality that doesn’t send shivers down your spine? Give the article a read—no ghosts, just good ideas that’ll keep your operations boo-sted for the future!

Read the full industrial XR roundup

WHAT ELSE?

• Patrick Cozzi, founder of Cesium and now Bentley’s Chief Platform Officer took attendees on an in-depth journey through Cesium’s path from a visualization tool for aerospace to an industry-defining, open-source geospatial platform now powering Bentley’s ambitious vision for infrastructure engineering, at the recent Year in Infrastructure Conference.
• Discover how XR developers are pairing 3D data with 3D development frameworks to build immersive simulations and XR tools. When deployed to commercial spatial-computing platforms and mobile devices, these applications enrich their team’s insights and offer new, more meaningful trajectories of collaboration.
• Luminous XR?has announced the launch of ‘FLOW,’ a content creation tool designed for creators, developers, and enterprises to build custom virtual, augmented, and mixed reality training content.
• Geo Week News recently spoke with Cintoo CEO Dominique Pouliquen about their latest offering, Cintoo Metaverse, which allows users to navigate their scans within virtual reality environments running on the Unreal Engine, and how he sees this kind of offering as the future of this space.
• TwinThread and Timeseer.AI announced their strategic alliance that brings together two industry-leading platforms into an integrated solution that leverages AI and digital twins.?
• Siemens has signed an agreement to acquire Michigan-based Altair Engineering Inc., a leading provider of software and cloud-based solutions for simulation and analysis, data science and AI, and high-performance computing (HPC). Altair shareholders will receive $113 per share, representing an enterprise value of approximately $10 billion.
• Siemens is revolutionizing industrial automation with Microsoft. Through their collaboration, they have taken the Siemens Industrial Copilot to the next level, enabling it to handle the most demanding environments at scale.

ABOUT US

Industrial IMMERSIVE, where "Digital?+ Reality Connect", is transforming industrial, energy, engineering & construction enterprise and driving digital innovation with immersive spatial technology.

We also connect the global community through digital resources like news/special reports and both virtual & live events.

The Industrial IMMERSIVE community connects the most Industrial/Energy, Engineering & Construction tech professionals making investment, strategy & tactical decisions, or building, scaling and executing pioneering XR/3D/Simulations, digital twin, reality capture, spatial computing, AI & connected workforce projects within their enterprise.

Industrial IMMERSIVE is THE PLACE to learn and see the new and cutting-edge Immersive technologies that are currently serving industrial markets and will be ready for deployment in the near future!

Subscribe to stay in-the-loop on Industrial XR / 3D Tech / Reality Capture / Digital Twin / AI / Spatial Computing & Connected Workforce!