Live from VRX, with XR Ignites Alan Smithson

Published: Jan. 15, 2020, 10 a.m.

b'Regular listeners will know that podcast host Alan Smithson is no stranger to the conference circuit, and is often asked to present or speak at the big XR expos. In a special episode of XR for Business, you\\u2019ll get to hear Alan in his element, as we present his opening remarks at this year\\u2019s VRX Conference.\\n\\n\\n\\n\\n\\n\\n\\n\\u201cWell, thank you guys for joining. Again, welcome to the Blue Room at VRX 2019. My name\\u2019s Alan Smithson, and we\\u2019re gonna be talking today about the transformation of education using XR. I want to just quickly talk about MetaVRse. We\\u2019re building a platform for future-proof learning. And what that means to us is as more spatial computing technologies come on board, what we want to do is make sure that organizations \\u2014 from training and enterprise, and also schools and organizations in high schools and universities \\u2014 all have access to not only the content, but the platforms to let them make their own content. So what we\\u2019re building is a platform marketplace for technologies and content to grow.\\n\\n\\n\\nWe\\u2019re entering into the exponential age\\nof humanity. We\\u2019re hitting the point at which all of these\\ntechnologies converge together. So in the next 10 years, more wealth\\nwill be created than all of previous human history. We\\u2019re entering\\ninto an inflection point, where education systems are going to be\\nstretched beyond our wildest imaginations. Over the next 10 years,\\nmore wealth can be created, but right now \\u2014 currently \\u2014 we\\u2019re\\nbuilding a city the size of Manhattan around the world globally,\\nevery single month. Yeah.\\n\\n\\n\\nWe\\u2019re going to experience massive\\nchanges, from environmental changes, to job force changes, to\\neducational changes, all of these changes are happening to us at a\\npace that we\\u2019ve never had before. It\\u2019s happening faster and faster.\\nAnd somebody said this to me the other day. They said \\u201cToday is\\nthe slowest it will ever be.\\u201d It\\u2019s terrifying, it\\u2019s so fast. But\\nlearning is required at every level, whether it\\u2019s skilled trades,\\nunskilled trades, whether it is retirees. We\\u2019re working on\\ntechnologies that will make people live to 150 years old. What are\\nthey going to do? We need to rethink learning from a ground-up level.\\nAll types of learning, whether it\\u2019s at work or at school, all of\\nthese things that need a complete rethink.\\n\\n\\n\\nHere\\u2019s a crazy stat: 75 percent of the\\nglobal workforce will be millennials by 2023. Who else is terrified\\nby that fact? Right? 120 million people need to be reskill,\\nretrained, and upskilled due to AI and automation in the next three\\nyears. We don\\u2019t have the systems in place to deal with this. Two\\ntrillion dollars, that is the global impact that VR and AR will make\\nover the next 10 years, by 2030. And this is an estimate by PWC.\\n\\n\\n\\nSo why is now the perfect time to get\\ninto virtual and augmented reality for learning? So over the last\\nthree decades we saw the rise of the personal computer and it took 20\\nyears \\u2014 30 years, almost \\u2014 to get everybody onto the personal\\ncomputer. And then we saw the rise of mobile, and that took about 20\\nyears. XR is going to take about 10 years to go to global mass. So by\\n2030, we\\u2019re gonna be wearing glasses around and those glasses will be\\ninexpensive. They\\u2019ll be running on the cloud, so the compute power\\nwon\\u2019t be on your phone or on your glasses. It\\u2019ll be in the cloud,\\nit\\u2019ll be all edge computing.\\n\\n\\n\\nSo we\\u2019re gonna see this massive growth.\\nAnd right now, we\\u2019re past the hype cycle. We\\u2019ve already seen proven\\nbusiness use cases. We\\u2019re seeing real ROI being driven. And if you\\nlook at the compounded annual growth rate of this industry, it\\u2019s\\nunprecedented. The only other industry that\\u2019s growing as fast is AI.\\nAnd it perfectly c'