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Goldman Sachs Exchanges

Beyond VR and AR: Extended Reality to Transform Our Lives as Consumers

Goldman Sachs Exchanges

Goldman Sachs

Business

4.41K Ratings

🗓️ 21 May 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

It's not a matter of if Extended Reality (XR) will touch all aspects of our lives-it's a matter of when, says Heather Bellini of Goldman Sachs Research. By 2025, XR is projected to generate over $100 billion in sales, with the consumer and e-commerce sectors being its biggest beneficiaries. The technology carries broad implications for healthcare, education and real estate as well. "Ultimately, this AR/VR/mixed reality movement will change the way we interact with technology forever," Bellini says. This podcast was recorded on April 5, 2018. All price references and market forecasts correspond to the date of this recording. This podcast should not be copied, distributed, published or reproduced, in whole or in part. The information contained in this podcast does not constitute research or a recommendation from any Goldman Sachs entity to the listener. Neither Goldman Sachs nor any of its affiliates makes any representation or warranty, as to the accuracy or completeness of the statements or any information contained in this podcast and any liability therefor (including in respect of direct, indirect or consequential loss or damage) is expressly disclaimed. The views expressed in this podcast are not necessarily those of Goldman Sachs, and Goldman Sachs is not providing any financial, economic, legal, accounting or tax advice or recommendations in this podcast. In addition, the receipt of this podcast by any listener is not to be taken as constituting the giving of investment advice by Goldman Sachs to that listener, nor to constitute such person a client of any Goldman Sachs entity. Copyright 2018 Goldman Sachs & Co. LLC. All rights reserved.

Transcript

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0:00.0

This is exchanges at Goldman Sachs where we discuss developments currently shaping markets, industries, and the global economy.

0:16.0

I'm Jake Seawert, Global Head of Corporate Communications here at the firm.

0:19.0

Some of today's technologies are starting to feel like they're straight from a science fiction movie including

0:23.8

virtual reality and augmented reality VR and AR.

0:28.1

What happens when you merge VR and AR you get extended reality or sometimes called XR. So what's the deal with AR, VR, XR? How are they

0:36.7

going to change the way we interact with the world around us and technology itself?

0:41.1

Heather Bellini, business unit leader of the technology research

0:44.1

group in Goldman Sachs Global Investment Research, is here to tell us that and

0:47.6

more Heather welcome to the program. Thank you very much. So start by explaining

0:51.4

the spectrum of extended reality.

0:54.0

We're hearing a lot about XR, AR, VR, even mixed reality.

0:58.0

What does it all mean and what are some of the use cases to help us think about it?

1:01.0

Yeah, great place to level set everybody. So when we talk

1:05.2

about it, extended reality refers to the entire category of immersive experiences

1:11.4

that someone could have.

1:13.2

The world around you becomes your computing interface.

1:17.6

An AR experience can be simply an overlay of information on top of the world we live in. So for example, it could be as easy as a

1:26.9

Snapchat mask if you've ever taken a picture and put a Snapchat mask on top of it. VR

1:32.4

experiences are completely immersive.

1:34.6

So think about it, if you're wearing a VR headset,

1:38.2

you're wearing something where your field of view

1:39.8

is entirely blocked.

...

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