According to one estimation, the AR market will be worth between $70bn and $75bn by 2023, while the VR is expected to be worth between $10bn and $15bn.
As human-generated data has exponentially increased on many platforms, it has become impossible for the businesses to check or interact with that data manually, here the applications of NLP take charge.For example, if a business wants to check the reviews of their new product and make inferences from it, allotting people for reading the reviews and categorizing them will be inefficient, as there are lakhs of reviews.These chatbots can be customized for a specific market like Kotak Mahindra Bank now uses Keya as its virtual assistant.How NLP works?Making sense of the syntax is one of the most critical things for applying NLP algorithms; some of the syntax analysis methods are:Lemmatization: It means reducing the various inflected forms of a word into a single form for a more straightforward analysis.Morphological segmentation: It involves dividing words into individual units called morphemes.Word segmentation: It consists of dividing a large piece of continuous text into distinct units.Part-of-speech tagging: It involves identifying the part of speech for every word.Parsing: It consists in undertaking a grammatical analysis for the provided sentence.Sentence breaking: It consists in placing sentence boundaries on a large piece of text.Stemming: It involves cutting the inflected words to their root form.Morphological segmentation: It consists of dividing words into individual units called morphemes.Word segmentation: It consists of dividing a large piece of continuous text into distinct units.Part-of-speech tagging: It involves identifying the part of speech for every word.Parsing: It involves undertaking a grammatical analysis for the provided sentence.Sentence breaking: It involves placing sentence boundaries on a large piece of text.Stemming: It involves cutting the inflected words to their root form.Open-source libraries for NLPThere are many NLP libraries on the internet, some of the most popular libraries are:NLTK: It is the most featured library; the most used combination is nltk(Natural Language Toolkit) and python.This library is for production usage, written in the programming language Cython; it provides the fastest syntactic parser in the market.Although the menu of this library is limited, there are fewer choices.TextBlob: This library is an extension of nltk.This library is suitable for smaller projects.Saas Tools for NLPPeople want to generate insights from texts, but don’t want to delve deeper into the working, some of the tools for non-technical people are:Amazon Comprehend: Amazon Comprehend is a natural language processing software that uses machine learning to look for insights and relationships within a text.Advertising companies analyze the digital footprints of a user to predict their potential audience interested in their products.NLP software helps increase the range of channels for ad placement.Healthcare is entering a new era with NLP applications, data mining integration in healthcare systems helps doctors make more well-informed decisions and improve diagnosis, and patient treatment.Chatbots are a prime example of automation tech.
For quite some time, shopping applications have embraced the power of the most advanced technologies that have drastically transformed the conventional forms of doing business.VR, in fact, is increasingly becoming dominant with 24 million VR and AR devices sold in 2018.VR is an emerging technology and with AR it also carries the potential to revive and revamp the overall retail space thereby changing the shopping experience.Technology is equivalent to continuous enhancements and to employ them implies sure shot success.The article will cover each and every point about how AR & VR are making the cut in the retail sector.Difference between AR and VRAR and VR are much-talked-about and are often talked about in the same breath.Walmart also uses VR to create improbable situations like weather emergencies for a rigorous training experience without the need to discard regular operations.
As it was years ago, agents still provide a long list of properties to clients, provide negotiation details, and hold open-houses to have clients assess the property they are going to potentially put an offer into.One way that a real estate business can speed up this process is by adopting virtual reality technology, as it can help expand your business, capture new leads, and deliver high-end services to clients.How Would You Integrate VR into Your Real Estate Business?While the first thing you might think of when you envision virtual reality, are the headsets used to play virtual reality video games like the Oculus Rift, PlayStation VR, and the HTC Vive, the technology can also be applied to the real estate business in a variety of ways.Use It to Solve Issues With Property Showcasing.When a client is hunting for their perfect home, they are going to visit multiple properties before deciding on which one they want to put an offer into.For existing properties, guided visits work well as you simply need a panoramic camera to capture a 360-degree view of the property via video capture.An interactive Experience allows the client to choose where they want to move within the property by using provided hotspots.Just having up a three-dimensional block doesn’t lend much to the imagination and creating full-scale models of how an apartment or condominium is going to look is a considerable investment of both time and monetary capital.This could be done via an online store that provides different pieces of furniture, curtains, and other interior materials which be purchasable.What Benefits Does VR Offer the Real Estate Industry?While the above 5 inventive ways to use virtual reality in your real estate business are practical and beneficial for both homebuyers and real estate agents, there are other worthwhile benefits that virtual reality can bring to the real estate industry that are worth considering.VR Saves Time.
With Technical advancement and a wide range of emerging technologies, VR has signaled an existential shift in the experience and use of technologies by human beings.But by far the most critical issue for educators and entrepreneurs alike is the optimal use of these technological innovations and how we can harness their power to shape the future of education.Let us have a brief overview of VR in shaping the future of the Education system:VR for Building Skilled Learners:-As the name suggests VR helps the individuals in gaining real-life experience in a simple and fun way learning.VR will enable the students to connect well with their experiences.This would only be possible in the case of active environmental participation and not as a passive observer.Encouraging an Active Learning ApA normal Human being remembers more when they hear or in-act things rather than reading it from different books.Deployment of Virtual Reality Technology for encouraging active learning among students will build excitement, maintain enthusiasm and pique learners ‘ curiosity all over the world.VR technology helps students to better maintain their content.
Almost all of us have apple iPhones, use Facebook and work on windows.And so do we know that Apple's ARKit gives an experience to the millions of users and iPhone owners to experience AUGMENTED REALITY (AR).Facebook the mega social monster that engulfed two of the most used social media websites i.e WhatsApp and Instagram is working its way on to bringing VIRTUAL REALITY (VR) to wider audiences.Microsoft is aiming at using MIXED REALITY to combine the real world with virtual objects!Now, how cool is that and almost all of us understand what AR, VR or MR is.
17-sep-19 The adoption of virtual reality (VR) in industries like automotive, medical, aerospace and defense, gaming, retail, education, and entertainment are being driven by its benefits in training, conferencing, and communication.In India, the rate of adoption of innovative VR applications such as a head-up display and head-mounted display is rising, leading to generation of considerable funding.In 2013, the Indian VR market generated funds worth INR 7.04 Bn, while in 2017 the market had generated funds worth INR 122.44 Bn, thus rising at a compound annual growth rate (CAGR) of 104.24% for that period.Key growth drivers of the market:o The Indian government has initiated several development programs, which are supporting the VR market.Also, organizations like IDG Ventures India (IDGVI) and Axilor Ventures are participating in the development of the VR market in India with the help of investments through Frontier Tech Innovators Program.Increasing use of VR applications in different industries is driving growth of the market across India.Access the Case Study @ https://www.radiantinsights.com/research/virtual-reality-market-in-india-2018-2023/request-sampleKey deterrents to the growth of the market:Although the Indian VR market operates with the help of several large, small, domestic and international enterprises, the technological infrastructure of the country lags behind that of the advanced economies like China, the United States of America (U.S.A), and Japan.Also, the Indian parents are often not ready to let their children use VR applications extensively through games, movies, or other forms of entertainment, or even education for they fear that it might develop addiction among kids.
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Businesses all around the globe are trying to enhance their products and services.Many business verticals have planned to incorporate Virtual Reality (VR) into them to enhance the flow and their business profit.Why VR in Business flow?Advanced Consumer and Business Analytics:- With the use of VR consumers can easily evaluate the marketability, Performance as well as the quality of the products.The marketers with this will be able to collect more robust data and can be used to improve the quality of product and loyalty among the consumers.Enhanced Customer Experience:- VR and AR allows more immersive and focused shopping experience.Here consumer senses are engaged and with this they will be able to focus on the virtual experience without any external distractions, allowing consumers to experience the product in the virtual world environment.Interactive Marketing Strategies:- VR technology is capable of transporting people of anywhere, real or imagined.This technology is capable of shifting marketing products and services to that world where the consumer or the investor can feel and experience the product themselves.Virtual Reality provides numbers of scopes to a variety of industries in gaining potential benefits.Many tourism industries have already collaborated with those brands producing VR products to increase the ROI of their business.Real Estate:- With the implementation of VR in this vertical has allowed many property dealers to showcase their staging properties more efficiently.
Here's what thought about the completely wire-free VR headset (link: https://www.gizmodo.co.uk/2019/04/review-oculus-quest-has-me-excited-about-vr-again/) gizmodo.co.uk/2019/04/review…
According to the new market research report "Microdisplay Market by Product (HMD, HUD, EVF, Projector), Technology (OLED, LCoS, LCD, DLP), Industry (Consumer, Industrial/Enterprise, Aerospace, Automotive, Retail, Entertainment, Medical), Resolution, Brightness, and Region - Global Forecast to 2024", the market is estimated to grow from USD 972 million in 2018 to USD 3,583 million by 2024, at a CAGR of 24.3% from 2018 to 2024.Factors such as the compact size and technological advancements of microdisplays; increased adoption of HMDs in several industries; escalated demand for OLED microdisplays; and adoption of ADAS and surge in demand for head-up displays are driving the market toward high growth.Speak to our analyst and gain crucial industry insights that will help your business grow: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=430 HMDs expected to surge demand for microdisplays during forecast period Based on products, the microdisplay market has been segmented into 5 major categories: projector, HUD, HMD, camera/EVF, and others.The increasing adoption of HMDs for medical, automotive, consumer and entertainment, and education applications, among many others, is expected to help the microdisplay market to grow significantly in the coming years.However, the saturation in projector and camera shipments would lead to slower growth of the microdisplay market than that for other emerging products.Browse and in-depth TOC on “Microdisplay Market”63 – Tables74– Figures176 – Pages View more detailed TOC @https://www.marketsandmarkets.com/Market-Reports/micro-displays-market-430.htmlMarket for OLED technology expected to grow at highest CAGR from 2018 to 2024”Vendors demand small form factor microdisplays with enhanced features, such as high-power efficiency, faster response, and better contrast.Initially, there were a limited number of players offering OLED microdisplays in the market; however, as the demand for OLED microdisplays is increasing readily, companies are focusing on R and commercialization of OLED displays.
Augmented reality (AR) is a technology that overlays a computer-generated image on a user’s view which connects the real world with the virtual world.This technology enhances the perception of reality, thereby increasing the user experience and also provides data about the consumer’s immediate environment.The virtual reality (VR) technology provides the user a virtual environment with the help of computer hardware and software and also offers a fully immersive environment where the user can interact with objects similar to those in the real world.There has been tremendous growth in the M deals, investments, and patent filings in the AR & VR from 2014 to 2015.It is anticipated that the usage of AR and VR would provide the next major computing platform after smartphones.Magic Leap, Inc. (U.S.) filed the maximum patents as of February, 2016 among the other companies in this market.The other companies which have been active in the patent filings include the Qualcomm, Inc. (U.S.), Microsoft Technology Licensing LLC (U.S.), LG Electronics, Inc. (South Korea), Pantech Co. Ltd. (South Korea), Sony Corporation (Japan), Intel Corporation (U.S.) among others.The research methodology used to estimate and forecast the global augmented reality and virtual reality market covers collecting of data on key vendor revenues through secondary research.The vendor offerings are also taken into consideration to determine the market segmentation.
They are going to make their way into events, as they become a regular part of the customer playing field.Keeping this scenario in mind, we are listing down three ways in which virtual reality is expected to transform meetings and conferences.1.Virtual Site Inspections Tours and venue previews being offered by destination marketing organizations are likely to become more immersive and sophisticated.This is because it will allow planners to save money and time by enabling them to make a short list of venues without actually visiting them.When it comes to event planning, organizers can see virtual experiences of venues and conference halls to get an idea regarding arranging an event at the particular location.Although organizers will also have to actually visit the venue to plan the event, VR assists them to cut down the list, making simpler planning process.In this way, a lot of money gets saved.2.By catching past events in VR, managers can market to possible event attendees, speakers, and sponsors in a better way that still videos and photos can never achieve.