Next Investors logo grey

Virtual reality: A (very) brief history part 3

Published 13-DEC-2018 17:04 P.M.

|

4 minute read

Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.

In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.

The below articles were written under our previous business model. We have kept these articles online here for your reference.

Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.


Click Here to View Latest Articles

Even though virtual reality's potential is through the roof, it's struggling to find its true calling.

Not all hope is lost, however. Thanks to some half-assed research on my part and some left-field thinking by others, here’s an idea of what we could expect from VR in the future (spoiler: it’s going to be good).

Tilt Brush by Google

Released on April 5th 2016, Tilt Brush is a life-size, room-scale 3D painting VR app.

If you’ve always wanted to draw, but lacked da Vinci’s fine motor skills, Tilt Brush could be for you.

The app was originally developed by Skillman & Hackett, named for founders Drew Skillman and Patrick Hackett. Google acquired the company for an undisclosed amount in 2015.

Speaking of Tilt Brush’s creation, Skillman has admitted it was a glorious mistake: “There was a happy accident. Tilt Brush came out of an experiment with a virtual reality chess prototype, where we accidentally started painting the chess pieces in the air, and it was incredible.”

And he’s right: it is incredible.

Tilt Brush's branding is full of whimsy: "Your room is your canvas. Your palette is your imagination. The possibilities are endless."

Available on the HTC Hive and Oculus Rift VR headsets, the app has already made some significant headway into the mainstream space.

With simple swiping movements, users can paint life-size, three-dimensional strokes of whatever they desire, making the applications of this app virtually (pun intended) limitless.

For example: graphic or fashion designers could flesh out their prototypes on the fly and view their work from every possible angle, ensuring the finished product conforms to their vision.

Needs more denim. (Source: Tilt Brush)

Tilt Brush could also kick-start a new era of cartoon shows, with illustrators able to transform ideas or sketches into exciting life-size characters and giant explorable vistas.

An entire generation of art and cartoon creation fuelled by this app? Yes, please.

Welcome to Monolith Island: you’re doomed (Source: Phil Fish)Bow down, peasants.

It’s also been utilised in live action productions.

Fox Sports, in collaboration with various parties, aired eight short mixed reality Tilt Brush clips, leading up to the 2017 Super Bowl.

I’m still struggling to grasp how this thing works, but the end result is nothing short of extraordinary.

Google Earth VR

If you were looking for another excuse to stay indoors, you need look no further. Thanks to Google Earth VR, you too may travel the world (from the safety of your bedroom).

As the title suggests, Google Earth VR is the search engine’s VR edition of its popular maps/earth platforms.

If you haven’t checked out Google’s trailer for the platform, you can view it below (shock horror: the earth is not flat).

While for now, this application remains rough around the edges, with time it could be possible to enjoy a leisurely digital stroll along the streets of Paris or explore Area 51 on foot (a man can dream, right?).

Further down the track, we could simulate the weather or traffic before hopping into our favourite destination.

In the future, similar tech could be white-labelled or used by the military to scope out points of interest as part of mission prep and training.

Simulation

Education continues to firm up as a leading industry for VR adoption.

Many disciplines and professions are now assessing and designing VR training courses for staff, prospects and students. These industries include construction, medicine and mining.

"Let's get it, boys."

In Australia, Exner Group is one of the leading players in this space.

The company has been in the construction industry for over 25 years, and has recently began to transition its training modules into VR headsets.

From the company’s website:

"We believe Physical + Digital = the most effective learning method."

Exner utilises VR technology in its Advanced Interactive Rail Learning program and Cert IV & Diploma in Building and Construction. It also uses VR to deliver a ‘confined spaces’ course, which aids staff and students in combating potentially claustrophobic work environments and dark spaces.

Meanwhile, London’s Oxford Medical Simulation is just one example of a dedicated VR medicine institute.

In its own words: "Oxford Medical Simulation delivers virtual reality medical simulation, training healthcare professionals to provide consistently world-class patient management without risking lives."

Prospective surgeons may now stab away to their hearts' content without fear of a lawsuit.

In the United States, VR is being used to aid children with learning disabilities.

The United States Department of Education kickstarted the initiative, recognising that students with disabilities do not always pick up the social skills and cues that come naturally to their peers.

Amber Rowland, who is an assistant research professor with the Center for Research, spoke on the positive impact VR could have with children: “Our idea is to use virtual reality to explicitly teach students these social competency skills and how to generalise them in natural environments.

“Likewise, we want to equip teachers with ways to implement virtual reality and support student generalisation of skills into the classroom setting.

“Virtual Reality presents a great opportunity to do just that.”



General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

Conflicts of Interest Notice

S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.

Publication Notice and Disclaimer

The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.

Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.

This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.