Home / Equities / Thinking forward – Virtual reality and the metaverse

Thinking forward – Virtual reality and the metaverse


Komatsu Australia, the local arm of the global manufacturer and distributor of earthmoving equipment, has taken a step into the future by embracing virtual reality (VR) technology to help train and upskill its staff.

  • The company has called upon Brisbane-based virtual reality scale-up, Next World Enterprises, to train and upskill its RTOs in line with the global movement towards more effective technology, as it drives towards its goal of zero-harm.

    The company’s history stretches back to 1921 in Komatsu city, Japan, where it has spent the last¬† 100 years dedicated to its founding principles of “quality first, technology and manufacturing innovation, global reach and people development.

    Next World Enterprises offer intelligently designed and engineered off the shelf virtual reality learning experiences that not only materially improves outcomes, but also opens a rich data gateway to the individual and organisation. Next World’s current learning experiences include:

    • Manual Handling
    • Hazard ID
    • Excavator Safety
    • Fire Hazards
    • Fire Extinguisher Skills
    • Working at Heights
    • Confined Space Entry
    • Chainsaw Safety
    • Working around Forklifts

    The company has commissioned Next World to deliver virtual reality training platforms and headsets to help induct new apprentices. Komatsu has turned to the Queensland scale-up, which is making waves in the industry for its VR technology – improving outdated styles of learning, such as ineffective old-school quizzes and PowerPoints with low knowledge retention rates.

    With the ability to superimpose dangerous work instances, crisis situations and health and safety training into the headsets, Next World provides the opportunity for high-risk industry workers to experience a situation and learn about the potential dangers, then return home safely to their family.

    Immersive technologies give a clear advantage to manufacturers and distributors of supply chains as they enable more efficient and effective product testing, training, data handling and risk management, all in one simulation, via immersive technology. These new technologies also help develop new products and procedures using VR simulation while at the same time reducing risk, and product development time.

    Ishan Dan

    Ishan is an experienced journalist covering The Inside Investor and The Insider Adviser publications.

    Print Article

    T+1 settlement an ‘unstoppable force’ Australia needs to adopt, or risk falling behind

    The frictionless movement of assets is becoming a common feature of markets around the developed world, yet Australia remains a step behind. The ASX is in no mood to rush the move to T+1, however, after its calamitous attempt to implement distributed ledger technology.

    Tahn Sharpe | 16th May 2024 | More
    Banks present savvy value play through crisis fears and tech frenzy

    The global banking system has proven both resilient and lucrative for investors since it seemed to teeter on collapse just over a year ago. The turnaround highlights the kind of alternatives available for those that don’t see enough value in the prevailing big tech stocks.

    Tahn Sharpe | 16th May 2024 | More
    Expectations matter, and the market’s ‘big fluffy toys’ have set a historically high bar: Orbis

    Valuations at the top end of indexes are sky high, but with that comes inflated forecast earnings. For savvy investors, it may be time to rotate towards more value-oriented stocks according to Eric Marais from Orbis Investments.

    Tahn Sharpe | 22nd Apr 2024 | More
  • Popular posts: