Changing technology is a great shift in the world of business. It can alter what you offer and how you offer it. Industries rise and fall with changing technology. Something that was once irrelevant can become relevant again.
In the attached article, Virtual Technology is creating a shift in the world of real estate. Real estate agencies, especially, ones that deal with international or business real estate, can make finding the right property easier for both the agency and the buyer. Costs drop significantly for the agency and the client can find a property they want without add travel expenses.
However, this is only a good starting place. Technology has an ability to seep into the cracks of other businesses, especially if it can lower costs. It may not be feasible for retail stores to offer VR technology right now, but travel agencies could find a resurrection to their services. Virtual Reality could allow clients to see their destinations, rooms, or excursions before committing to them.
Developers can give clients a 3-dimensional view of stages in construction, or see what raw land could look like after clearing. General contractors are able to give clients a preview of what a finished remodel will look like. Furniture companies can allow you to see how a certain piece of furniture will fit in your room or the style of your room.
Education, entertainment, and the military were the earliest to adopt and develop the technology, and they will continue to advance the abilities of virtual reality. Advancements in technology have been the great movers of businesses and industries throughout time. Now, new technology has the ability to resuscitate dying industries.