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Bullboard - Stock Discussion Forum Urbanimmersive Inc V.UI

Alternate Symbol(s):  UBMRF

Urbanimmersive Inc. is a Canada-based company, which develops and markets real estate photography technologies and services. The Company is engaged in developing and commercializing immersive, which is a software as a service (SaaS) platform offering immersive marketing solutions, three-dimensional (3D) photographic equipment and photography services to professional photographers. Its segments... see more

TSXV:UI - Post Discussion

Urbanimmersive Inc > Exploration with Virtual Realty Technology
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Post by laurencelefou on May 03, 2021 8:38pm

Exploration with Virtual Realty Technology

Interesting interview with Kelley Anderson a researcher for Texas Tech University.  She is working on a dissertation called Creating Value and Markets: An Exploration with Virtual Realty Technology. 
 
She was interviewed on a WGAN-TV a blog gathering to real estate photographers.
 
During the interview she does not mention Urbanimmersive, but there were a couple of interesting moments.
 
3D tours of museums can be created and the tours can help promote and increase the commercial potential of museums.  With a 3D tour, visitors can walk through the museum.  If you combine a 3D tour with augmented reality than you can have a wonderful experience watching a painting or a vase in a Augmented Reality.
 
She has seen virtual tours used for detective training.
 
WGAN network tracks 170+ 3D/360 virtual tour platforms and software and there are 50 plus cameras in this space.  The interviewer wonders about the data collection gathered by these 170 companies and how the data collection will impact the business.  The spatial data is interesting but maybe the data can be used by someone who's not even in the real estate ecosystem that looks at the data and says, ''Wow! you can collect that kind of data?"
 
I could foresee an industry such as insurance driving this technology significantly forward.  The owner of a property which has a 3D tour of the property could get a break in insurance costs.  That type of use would probably drive that type of database probably even faster than the real estate market.
 
So I wonder at what point companies (insurance or others) come into the 3D tours space and say this is so disruptive and it will save a lot of money for our shareholders.
 
Who owns the data?  The photographer?  The 3D software company?  The real estate broker? Or the owner of the house?
 
https://www.kelleycoursanderson.com/media
Comment by Torontojay on May 04, 2021 8:03am
  Good point about insurance companies benefitting from this type of technology. I think home appraisers for insurance companies could truly benefit from this. One company that comes to mind would be Realmatters. This is taken from stockhouse.  Real Matters Inc is a Canadian network management services provider for the mortgage lending and insurance industries. The company's ...more  
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