The Role of AR and VR for Businesses During the COVID-19 Pandemic
April 23, 2020
Within a relatively short period of time, the COVID-19 pandemic has imposed many fast-paced changes to our every day lives. But despite our current situation, people still have to fulfill everyday needs without setting foot outside the home. Thankfully there are different types of technology at your disposal, which includes tools for augmented reality (AR) and virtual reality (VR). The AR/VR industry is gaining more attention recently,which can present an opportunity for various businesses.
On this episode of Deal Talk with 7MA, SubVRsive’s CEO Anthony Burke, Pillsbury Partner Josh Tucker, and Mark Landry from 7MA talk about AR, VR, and other emerging technologies, as well as discuss some of the advantages they offer during this worldwide crisis. They touch on how the Consumer landscape has changed rapidly over the past few weeks, with more people having access to these types of technologies and being willing to use them. (06:38) Telemedicine, which is recently gaining increased endorsement from authority figures, online education,and e-commerce will be among the areas that experience the most change. (07:14)
The current economic climate presents a great opportunity for companies to take advantage of, particularly the brick-and-mortar businesses looking to create a digital presence. (21:12) It’s a great time to learn about the new tech and see how your clients can take advantage of this once in a lifetime opportunity. (25:38) Anthony, Josh, and Mark also provide practical advice for companies involved in the M&A market, the B2B sector, and other businesses in general. (29:57)
AR, VR, the Internet of Things, and other similar technologies are going to continue to grow even as the crisis comes to an end.
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Deal Talk with 7MA, a bi-weekly podcast by 7 Mile Advisors that aims to give listeners a look behind the curtain of the middle-market Mergers & Acquisitions world. 7 Mile Advisors is a middle-market M&A firm based out of Charlotte, NC, that provides investment Banking services and advise on mergers, acquisitions, and private capital transactions around the globe.