What is your Opinion About Virtual Reality

With 2016 highlighted last year as the "Year of Virtual Reality," much has developed within the industry. While experts have been quick to highlight the series of VR launches as a flop, I think that in reality the bar of expectations was simply set way to high. On the contrary, I think that VR is a tech item that will continue to develop and excel in the coming years. However, for now prices remain high and options for games are limited. An article on Reuters Article Link highlighted the issues of costs currently:


Sales of high-end VR headsets including Facebook Inc's (FB.O) $599 Oculus Rift and Sony Corp's (6758.T) $399 PlayStation VR headset altogether will be about 300,000, reflecting supply constraints at Sony and the technological reality of Oculus and HTC Corp's (2498.TW) $799 Vive: only about 6 million to 7 million computers globally can run the software, said Paul Lee of Deloitte UK.

"With high-end VR for a family of four one might be looking at $10,000," said Lee.

Personally, I plan on waiting for prices to come down and more game options to come out before I purchase anything. Has anyone else tried out VR or have an opinion on the future development of the industry? Which companies do you think will have the winning product?

 

I think VR although fascinating and if properly used can be an instrumental teaching and learning tool as well as fun, will have pretty significant negative effects on our country / society. I think living in a virtual world ie. the Sims / Instagram etc. will only be exacerbated by the introduction of fully immersive VR, and people will begin to struggle separating the real from the virtual, not in a physical way, but an emotional / happiness way. Kind of how people love to perceive happiness through social media platforms

 

VR and AR are going to be amazing. What it can do in its infancy is already impressive. Excited for the possibilities.

Also, $400-$700 for a piece of new tech isn't expensive.

Commercial Real Estate Developer
 

Although I agree with your idea that VR will be big, I don't think it will into "invigorate the financial field"....instead it's applications into media, entertainment, healthcare and gaming will likely just make a very few of us who have been following the developments of the industry...extremely wealthy. I'm not going to detail how or why this will happen...mainly because I want to keep any info on the industry...to myself. If you want a small glimpse of VR's potential to disrupt...look up Project Morpheus.

Keep it together and you will go far..
 

I don't think this is necessarily the best way of leveraging virtual reality for finance, but I do agree that VR has enormous potential, and is certainly one of the top 10 technologies to look out for going forward. It's crazy to think that the world of Matrix might become reality soon.

 

Nam harum aspernatur distinctio dolor. Exercitationem illo ipsam in voluptate aperiam odio. Sapiente fuga provident iste quam eos ut provident.

Repellat rerum beatae neque soluta repellat. Doloremque expedita sit quae tempore quam officia.

Quo rerum aut hic ut reprehenderit. Adipisci veritatis voluptatibus suscipit quos. Quia deserunt quasi cupiditate. Nam possimus harum pariatur et qui odio veniam.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
Betsy Massar's picture
Betsy Massar
99.0
5
DrApeman's picture
DrApeman
98.9
6
dosk17's picture
dosk17
98.9
7
GameTheory's picture
GameTheory
98.9
8
CompBanker's picture
CompBanker
98.9
9
kanon's picture
kanon
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”