While the consumer tech world has been abuzz with excitement over Virtual Reality (VR) and its pioneers (Oculus Rift, for one), there are strong indications that Augmented Reality (AR) and mixed-reality applications could have a far more transformative impact in the near future. This is not least because AR-based and mixed reality (the merging of real and virtual worlds) innovations such as Microsoft’s HoloLens look to immediately change the way in which we approach problem solving, creative development, design and manufacturing. So while Virtual Reality looks to entertain and engage, AR and mixed reality has the potential to fundamentally change the way people create, and the way businesses make stuff. By comparing the functions of two of the most high-profile devices, the Facebook-owned Oculus Rift headset and Microsoft’s HoloLens, the differences between VR and AR can be more clearly understood. The Oculus Rift is a virtual reality head-mounted display; and software, mostly video...

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