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John Sternal for GridRaster
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FOR IMMEDIATE RELEASE

EXECUTIVE SURVEY SHOWS HOW AND WHERE ORGANIZATIONS ARE LEVERAGING AR/VR TECHNOLOGY FOR GREATER PRODUCTION EFFICIENCIES & SAVINGS

Scalability Challenges Have Companies Leveraging Cloud-Based Partners To Help Grow

Mountain View, Calif. – (April 22, 2020) – Grid Raster Inc., a leading provider of cloud-based AR/VR platforms that power compelling high-quality AR/VR experiences on mobile devices for enterprises, announced today results of its latest survey that illustrates leading trends in how companies are leveraging AR/VR.

Grid Raster commissioned the online survey and approximately 215 responses were collected during the week of March 30th, 2020, from C-level and technology executives of mid-level and enterprise-level organizations.

AR/VR Is A Growing Resource for Organizations

According to the survey results, 56% of those polled said they have implemented some form of AR/VR technology into their organization over the last 12 months, and another 35% said they are considering doing so. More than a quarter (27%) said they have fully deployed an AR/VR solution and are looking to scale further.

“The recent COVID-19 pandemic may push this number further, especially as companies of all sizes look to implement more virtual design into their workflows to minimize human interaction on the production floor,” said Dijam Panigrahi, Co-Founder and COO of Grid Raster. “It is encouraging that these companies are realizing the benefits that AR/VR offers, but scalability offers great challenges in many cases.”

AR/VR Impact on Productivity

Nearly a third of all companies polled (29%) said they are realizing more than a 25% increase in productivity efficiency. Additionally, more than half (61%) said they are realizing as much as a 20% savings in costs as a result of leveraging AR/VR technologies.

A Breakdown of Where Companies are Leveraging AR/VR:

60% – Virtual Supplemental Labor on Production Lines
53% – Virtual Customer Service Visits
53% – Virtual Design & Engineering
26% – Employee Training Programs

Scalability Represents a Significant Challenge

Of those companies that have already implemented an AR/VR solution, 76% said they need the most help in scaling further to handle more projects. Another 71% said questions surrounding scalability is the leading reason why they have yet to launch an AR/VR solution.

This was not surprising to Grid Raster, as the company works closely with clients across manufacturing, automotive, aerospace and defense, and technology to launch and scale AR/VR solutions. The company utilizes a cloud-based approach leveraging mobile technology to help clients overcome size and legacy project limitations from pre-existing virtual environments.

“Manufacturers are overcoming this great challenge by partnering with providers of cloud-based (or remote server based) mixed platforms powered by distributed cloud architecture and 3D vision-based AI,” added Panigrahi. “These mixed cloud platforms provide the desired performance and scalability to drive innovation in the industry at speed and scale.”

About Grid Raster Inc.

Grid Raster is a leading provider of cloud-based AR/VR platforms that power compelling high quality AR/VR experiences on mobile devices for enterprises. The company works with manufacturers in automotive, aerospace and defense, and technology to launch and scale AR/VR solutions. The company utilizes a cloud-based approach leveraging distributed edge computing, low-latency remote rendering and 3D Artificial Intelligence (AI) to help clients overcome performance, scalability and legacy project limitations. For more information please visit www.gridraster.com.