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Gartner predicts that by 2020, 30 percent of large enterprises will adopt augmented reality (AR) solutions across multiple business functions. In addition, an ABI Research survey showed that 42 percent of U.S.-based industrial companies currently use smart glasses as part of their workflows. With these growth numbers in mind, it is easy to see why major technology firms are investing in Upskill.

Industrial AR Investments Signal Market Growth

SiliconANGLE recently covered Upskill’s closing of a $17.2 million funding round, led by new strategic investors Accenture and Cisco, as well as return investors Boeing, GE and New Enterprise Associates (NEA). For Accenture, the investment means that the management consulting firm will be able to integrate AR into its own workflows, using Skylight with its digital content platform that enables the distribution of any type of content to any device – including smart glasses – at scale.

Smart glasses connect industrial workers

Says Paul Daughtery, Accenture’s CTO, “Extended reality solutions are eliminating the distance between people and information. In the case of connected industrial workers, it can empower them to radically improve productivity and performance while increasing safety.”

Cisco shares a similar sentiment for the promise of enterprise AR, citing efficiency and safety as major factors for the use of the technology in the industrial workplace. In fact, Robert Salvagno, Cisco Investments’ head of corporate development commented that adoption of AR-enabled smart glasses has reached an inflection point.

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