10 primary factors influencing Return On Investment

In the dynamic landscape of the steel industry, virtual reality (VR) simulator crane training has emerged as a transformative tool, revolutionizing the way operators enhance their skills for efficiency and safety. This list presents a concise overview of key factors—among many—that contribute to the return on your investment (ROI) in VR simulator crane training.

It’s important to note that each steel factory may have unique considerations, making the assessment of these factors dynamic and tailored to specific needs. From time-saving advantages to bolstered safety measures, this overview provides a foundational understanding, recognizing that the complete set of relevant factors may vary across different factories in the steel industry.

Steel Sim VR set up

1 / Safety improvement

VR crane simulators provide a safe environment for trainees to learn without the risks associated with operating heavy machinery in real-world scenarios, like challenging maneuvers and emergency procedures. This can reduce the likelihood of accidents, injuries, and damage to equipment, resulting in lower associated costs.

2 / Reduction in training time

Learning on the job can be time-consuming, especially if trainees need to wait for specific job site conditions or experience delays due to production, project timelines, or other factors. VR crane simulators provide flexibility, allowing trainees to practice and gain experience at any time, accelerating the learning process. Clients of Steel Sim VR achieve a reduction in training time up to 60%.

3 / Equipment maintenance cost savings

Learning on the job involves using actual equipment, which can lead to wear and tear. VR simulators allow trainees to practice without putting stress on real cranes, leading to reduced maintenance and repair costs for the actual equipment.

4 / Operational cost Savings

Operating heavy machinery on job sites incurs fuel and operational costs. VR simulators eliminate the need for fuel and reduce operational expenses associated with running real equipment, making training more cost-effective.

5 / Operational efficiency

VR crane training allows operators to practice complex maneuvers and load handling in a virtual environment. An increase in operational efficiency could be observed through faster and more precise crane movements, leading to improved overall task completion times.

Steel Sim VR industrial joysticks

6 / Decrease in downtime

By taking away training from live equipment, you take away the risk of downtime through training incidents. Also, by addressing common mistakes and challenges in a virtual setting, operators become more adept, resulting in fewer errors and downtime. This decrease in downtime ensures a smoother workflow and reduces interruptions in steel manufacturing.

7 / Accessibility improvements

VR crane simulators can be set up in a controlled environment, making them easily accessible for training purposes. This eliminates the need to transport trainees to job sites or specific locations, saving on transportation costs and logistical challenges.

8 / Skills improvement

VR simulators allow trainees to repeat specific scenarios and exercises as needed. This ability to practice and refine skills in a controlled virtual environment can lead to more confident and competent operators, reducing the risk of errors and associated costs.

9 / Data analytics and monitoring

Steel Sim VR crane simulators offer data analytics and monitoring capabilities. Instructors can track trainee performance, identify areas for improvement, and change training programs accordingly with Steel Sim VR. This data-driven approach can optimize the learning process and potentially reduce the overall training duration.

 10 / Reduced environmental impact

Learning on the job often involves the actual operation of heavy machinery, contributing to environmental impacts such as emissions and noise. VR crane simulators provide a more environmentally friendly option by eliminating or significantly reducing these impacts during training.

When adapting a Steel Sim VR Simulator, one way or another, these factors will impact the way you train your workforce and therefore the business. For more details about how Steel Sim VR could elevate your crane training program, please contact us.