Shortly after reading that Augmented Reality was the hot-topic at this years International CTIA Wireless conference , I caught an NY Times piece on AR’s tie in to portable real estate listings.
Upon reading, I was quickly convinced that mobile augmented reality can reshape tourism, real estate and travel and is already beginning to. From there I began pondering how it could be applied successfully to other industries such as retail.
Clearly the opportunity is there. Industry reports say that mobile handset integration will make a significant impact on Augmented Reality and catapult the industry size to over $350MM.
Secondly, It is a technology that when done well can add incredible levels of utility to a mobile device. So far the mobile AR concept is simple, add live data population (metadata) to what you are already looking at through your mobile devices camera, or respond to an image capture with data. Whether it is a real estate listing, a state monument, or an important location in relevance to the Beatles’ history. Once you point your camera, the information pops up right over it on your screen.
Given the opportunity & usefulness it seems like a wise choice for companies to adopt early. However, companies looking for ROI must enter this arena with the intention to offer utility & improve the lives of their customers, not just give them a fun gimmicky display of a new technology (see Fanta, or Coke Zero). While some say this technology is going to be quickly “overhyped and abused” many will find new and innovative ways to increase convenience in consumer’s lives, in turn for brand allegiance.
Big box store IKEA is already testing out a future augmented reality catalogue showcasing building instructions. It’d be even better if you could use the pictures of your own home from your mobile device to find out while in store what that red chesterfield would look like in your living room.
As for grocery innovation, imagine walking into the canned beans section of your local supermarket on a hunt for the lowest sodium beans. With an application dedicated to healthy eating, you could potentially point your camera at the entire beans category and it could point you directly to the can with the lowest amount of sodium. Recipes would be a simple way to innovate & add useful data. Perhaps Mixology could help you think of drink recipes before hosting a party while you are shopping at the liquor store, all you would have to do is point your camera at a bottle of vanilla infused vodka and presto!
Whatever the use, AR is quickly becoming a respected medium and one of the most advanced marketing utility tools. As for other industries that can quickly be transformed the ones that come to mind are transportation, greeting cards, restaurants, and cinema. Those who adopt and integrate into their mobile strategies early will win customers & gain big shares of the opportunity, while those who sleep on this will likely get outshined by their competitors.
The Opportunities with Augmented Reality
