Subscribe to Entrepreneur for $5

Is It Real?

Reality is quickly becoming outdated. Can virtual reality make your business better?

This story appears in the February 2003 issue of Entrepreneur. Subscribe »

Virtual reality (VR) isn't just about clunky goggles and bodysuits. Think back a few years, and you may remember the buzz and excitement surrounding VR. Holograms were popping up in unlikely places, movies and TV programs featured VR themes, and forward-thinking people were contemplating how it all might fit into the business world. Though much of the initial excitement has abated, VR hasn't totally dropped off the radar. Take a visit to the VR section of technology services company EDS. They offer everything from training visualization (such as a virtual environment where someone can learn to put together a product) to Web-based visualization (3D online images).

So far, advanced VR is mainly in the realm of large companies like automobile manufacturers that create holographic walk-around 3D virtual models of cars, but the technology also has applications in other design, manufacturing and product development businesses such as architecture or electronics design. Costs, though, are still on the high end for most entrepreneurs' budgets. Holograms appear occasionally in advertising, but the novelty has largely worn off, and growing businesses can find more effective uses for their marketing budget.

Continue reading this article - and everything on Entrepreneur!

Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5.

Entrepreneur Editors' Picks