Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Technology
    3. >How VR is Shaping the Future of Work
    Technology

    How VR Is Shaping the Future of Work

    Published by linker 5

    Posted on July 20, 2020

    6 min read

    Last updated: January 21, 2026

    Add as preferred source on Google
    Untitled design (32)
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    By Sharon Koifman, the founder and president of DistantJob, a boutique recruitment agency specializing in finding full-time remote employees.

    Cast your mind back five or ten years, and you’ll remember how technology buffs were touting that the future was going to be virtual reality. We’d all soon be doing our best Tony Stark impressions as we moved holographic tools around with a simple gesture and bought driverless cars. However, the reality is that VR has been slow to take hold, particularly in the world of work. Now, it looks like that is about to change as VR comes into its own.

    The Time is Right for VR

    Progress in virtual reality has been slower than expected, and that’s mostly been down to technology issues. Headsets are a great example; while they’re very effective at creating an immersive VR experience, they’re not that comfortable to wear for long periods of time. There hasn’t yet been the uptake in VR that would drive better solutions, but we now have a record number of people working from home due to COVID-19. You can bet that companies will be willing to invest in technology that allows them to continue ‘business as usual’ in the event of another global pandemic or similar event.

    Another factor to consider is access to the internet, and with the global rollout of 5G well underway, we can soon expect to be able to get access to high speed internet at any time no matter where we are in the world.

    What VR has to Offer

    Working in VR is the natural next-step to remote working. It solves a lot of the perceived problems that distributed teams face, such as allowing for greater social interaction and collaboration between team members. It’s not that there aren’t already some great solutions to these problems, just that there is still a resistance to the idea that collaboration can be as easy when you’re not ‘in the same room’. VR gets around that feeling by making another person’s presence feel much more immediate.

    That may be why many of the remote work tools currently available in VR focus on just that – bringing people together. At present these are usually virtual reality spaces that show participants in the form of avatars, usually just a floating head and hands to allow for expression. This type of platform includes:

    • Connect2 which allows you to import virtual locations and use them as venues for your meetings. This could be your boardroom, your customer’s factory floor, or the Colliseum, but it allows you to create an environment that will be remembered.
    • Dream’s unique selling point is that it allows you to ‘call out’ from the App and reach colleagues and customers who don’t have headsets. Using Skype, for example, you could call out and talk to someone, you appear as your avatar, they appear as, well, themselves on a virtual video screen.
    • VSpatials unique factor is its ability to create an immersive workspace. Build your office, set up cubicles, or call everyone into the theatre for a presentation – and no one needs to leave their desk.

    Another criticism of remote work that VR has an answer to is the idea that remote workers are isolated. There are a number of social platforms that are suitable for professional use, ways to bring people together in VR to just ‘hang out’.

    • AltSpace VR lets you set up VR locations as part of a community, letting people visit your office, for example, or allowing you to meet up with your team at a virtual bar or cinema to watch a movie together.
    • MozillaHubs is VR at its simplest – no headset needed, this software runs from your browser and allows anyone to connect and interact in VR spaces. Perfect for dipping your toe into the waters.

    And of course, VR helps a distributed team to collaborate. It makes a shared whiteboard possible, it allows you all to sit around a table for a meeting and see who wants to speak next. VR is also a great venue for training; whether that’s a seminar in a virtual venue or carrying out simulated surgery. Apps like Engage allow you to record your virtual workshops to be delivered when you’re offline.

    But it isn’t just the team environment that gets a boost from VR. Applications like Breakroom are ideal for the lone worker who really needs help with focus; something many people have highlighted as an issue in the last few weeks. While established remote workers will have their own tips and tricks for staying on task, stepping into a virtual work environment like Breakroom is definitely an answer to the problem. Secure in your headset, every app you have open is available with a turn of the head, keeping your focus on your work (as long as you don’t open a window for Candy Crush).

    Future-Proofing Your Business

    There’s no doubt that companies around the globe are looking for new ways to do business in the wake of the CoronaVirus; and with as many as 90% of staff wanting to work from home at least part time, they may have a fight on their hands when they start asking people to return to the office. Ensuring that your company has the right technology to support remote work seems like the natural next step.

    Now many companies have trialled remote working, the benefits have become obvious to many. They include:

    • Reduced Costs – less office space.
    • Happier, healthier staff – no commute, better work/life balance
    • Greener business – lower carbon footprint
    • More sustainable business model – your staff can work from anywhere

    Once remote work becomes the new normal, the idea of hiring from anywhere in the globe becomes easier to imagine. After all, you’d have to be lucky to have the very best talent living in your corporate back-yard. That brings with it the added benefits of quicker hiring times, and improved diversity – which has a whole raft of advantages.

    While we may look quite as cool as Tony Stark while we work in VR, it seems certain that we’ll be appearing there more often – and who says we can’t have an Arc Reactor on our Avatar?

     

    This is a Sponsored Feature.

    Table of Contents

    • The Time is Right for VR
    • What VR has to Offer
    • Future-Proofing Your Business
    More from Technology

    Explore more articles in the Technology category

    Image for How Can AI-Powered Customer Support Improve Fintech Operations?
    How Can AI-Powered Customer Support Improve FinTech Operations?
    Image for Infosecurity Europe announces former Ukrainian Minister of Foreign Affairs, Dr. Dmytro Kuleba as headline keynote as 59% of cybersecurity leaders say geopolitics Is hindering European collaboration
    Infosecurity Europe Announces Former Ukrainian Minister of Foreign Affairs, Dr. Dmytro Kuleba as Headline Keynote as 59% of Cybersecurity Leaders Say Geopolitics Is Hindering European Collaboration
    Image for Showcasing Digital Leadership – Best Bank for Social Media 2026
    Showcasing Digital Leadership – Best Bank for Social Media 2026
    Image for Innovation Through Partnership: The Role of External Tech Teams
    Innovation Through Partnership: The Role of External Tech Teams
    Image for Nominations Open for Technology Awards 2026
    Nominations Open for Technology Awards 2026
    Image for Nominations Open for Innovation Awards 2026
    Nominations Open for Innovation Awards 2026
    Image for Archie earns industry recognition across G2, Capterra, and SoftwareReviews
    Archie Earns Industry Recognition Across G2, Capterra, and SoftwareReviews
    Image for The Bankaool Transformation: How a Regional Mexican Bank Became a Fintech Disruptor
    The Bankaool Transformation: How a Regional Mexican Bank Became a FinTech Disruptor
    Image for Submit Your Entry Today for Digital Banking Awards 2026
    Submit Your Entry Today for Digital Banking Awards 2026
    Image for Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Behavioral AI in Financial Services: Moving Beyond Automation Toward Human Understanding
    Image for Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Submit Your Entry for Brand of the Year Awards Technology Bahrain 2026
    Image for Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    Entries Now Open for Best Islamic Open Banking Burkina Faso APIs 2026
    View All Technology Posts
    Previous Technology PostAs Social Distancing Drives Rapid Migration to Digital Platforms, New Research Confirms the Importance of a Secure, Easy Onboarding Experience
    Next Technology PostHow Internet of Things Is Upgrading the Aviation Industry