Date of Award
Spring 2024
Degree Name
Bachelor of Science (BS)
Advisor(s)
Robert Chiang
Abstract
This proposal explores the potential ramifications of Virtual Reality (VR) technology on society, with a specific focus on the financial industry. The study will be broken into two developments, with the first being a development of a technological innovation that will then be used to support future benefits to society. A look into the current developments of Augmented Reality (AR) and VR technology will be used to carve a path to a new form of technology called "Full Dive," which is a hypothetical form of VR capable of submerging human consciousness into a virtual world which offers users a completely immersive experience by simulating all five senses. AR, which is seen as a precursor to VR and Full Dive allows the interaction of digital information in real-world environments. Additionally, the understanding and importance of the five senses emulated through technology will be discussed to recognize how each individual sense contributes to VR breakthroughs. Funding and future growth for this industry will also be evaluated to create a realistic theoretical timeframe for complete development. This research analyzes the potential impact of Full Dive and how it could revolutionize society and reshape the very foundations of socialization and reality A theoretical approach to this topic is necessary to ease into a futuristic way of thinking. Advancements in either technology have yet to emerge in a serious capacity which prevents quantitative data from being explored. Interviews have been conducted to gain greater public sentiment about ever-changing technology. AR is close to being a reality and will serve as the mixing point between reality and VR. Financial applications and learning will be severely enhanced by the emulation of all five senses in a virtual world. A thorough comprehension of augmented reality technologies and their potential applications is crucial before any concrete predictions or visions for the future of virtual reality can be made.
Recommended Citation
Tiso, Nicholas, "Exploring Current Augmented and Virtual Reality Technology and Its Path to Fully Immersive Virtual Reality for the Future of Financial Operations and Investments" (2024). Gabelli School of Business Honors Thesis Collection. 143.
https://research.library.fordham.edu/gabelli_thesis/143
