Posted by Alumni from WEF
September 21, 2024
The convergence of business, XR technologies, and environmental stewardship is opening up new opportunities and challenges as the climate crisis intensifies. XR, which includes virtual reality (VR), augmented reality (AR) and mixed reality (MR), is becoming a powerful tool to help leaders drive innovations in sustainability. This isn't just a tech trend; it's a major shift in how companies innovate, operate, and connect with stakeholders. Virtual platforms such as the Global Collaboration Village show how XR could drive global collective action on climate issues. These technologies help leaders simulate climate scenarios and evaluate strategies. For instance, a company can use VR to explore how shifting to renewable energy might impact operations. This immersive approach deepens planning and long-term understanding. Compelling data highlights XR's potential: reports estimate that XR technologies could unlock $1.5 trillion in value for the global economy by 2030, with a significant... learn more
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