Virtual Reality Isn’t Just Play Anymore. With The Unprecedented Growth Of On-line Communication, It Will Be The Successor Of The Telephone And Reduce Air Travel. Theoretical Physicist and Best Selling Author Michio Kaku, tells us and shows us how virtual reality will bring people around the world together in a “virtual world”. People are already doing it in an application called “Second Life” and there are many other virtual worlds currently being created.
The implications for business and future revenues can be huge!
According to Gartner, Inc. (NYSE: IT) who is the world’s leading information technology research and advisory company, “Video Telepresence Will Replace 2.1 Million Airline Seats Per Year by 2012, Losing the Travel Industry $3.5 billion annually. The challenge of current world economic conditions is set to drive uptake of video telepresence in the next three years, with the travel industry losing out, according to Gartner Inc. Gartner analysts predict that high-definition based video meeting solutions will replace 2.1 million airline seats annually, costing the travel and hospitality industry US$3.5 billion per year.”
Here’s an incredible video from Michio Kaku explaining Virtual Reality:http://www.youtube.com/watch?v=oGA0TFXE5x0