Virtual & Augmented Reality Inventory Reporting

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Danny Zane,
chair of the AIIC (Association for Independent Inventory Clerks) predicts that
AR (Augmented Reality) technology will revolutionise the inventory process in
the near future. Augmented
reality (AR) adds
digital elements to a live view often by using the camera on a smartphone. AR
differs from VR (Virtual
Reality) which offers a complete immersion experience that
shuts out the physical world, by allowing you to walk through a real space with
added digital elements, such as labelling or text description. Zane believes AR
could add a new dimension to inventory reporting within VR, allowing reports to
go beyond the 2D/3D picture and offer tenants and landlords the opportunity to
walk around their properties in VR whilst damage and a schedule of conditions
is pointed out in real time and space.

With the
global AR market forecast to reach a value of $70.01
billion by 2023. Investment in AR has steadily increased in the past few
years, and more recently, the technology has generated renewed interest from
big brands such as Facebook and Apple. Augmented reality allows brands to offer
immersive and digital experiences, and to engage consumers in a unique
way. 

Zane,
who runs My Property Inventories is convinced this is an obvious next step for
the inventory industry: “Right now we rely on labelled photos for accurate,
impartial documentation of a properties conditions. Imagine if you could
experience walking around a room, zooming in on damage and compare it to the
condition before a tenancy began. Augmented reality is the obvious next step
forward for independent, impartial inventory reports, those working in the
industry would be wise to jump on the bandwagon�, comments Zane who is planning
to role out a VR trial as a first step with his own company in the coming weeks:
“I am hoping that by investing in the technology to start compiling VR and then
AR inventory reports we will stay afoot of the expectations of consumers and
keep impartial inventories relevant and important and most important of all, even
more usable.�

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