I work in tech and manage teams in US, UK, Europe and India. What does this "virtual presence" accomplish in reality that an email or video conference can't do for less money?
Then you have the cultural factor. We recently acquired a large European company. Almost no one, except the Berlin office, goes on camera when we are on video conference.
This is what I mean when I say it's a novelty... and with younger generations what I've noticed is that they prefer using text over FaceTime or voice/phone, as a buffer. They don't like the immediacy for the same reason I like email: I can buffer, collect, and edit my thoughts instead of being put on the spot.
So, again, I'm not seeing the value proposition until virtual presence can do actual things that email, phone, videoconference, or actual physical presence cannot do... and without a pair of heavy goggles strapped to my face which, actually, prevents me from multitasking which I and other managers do constantly during meetings.
Before you say "Yeah but virtual workspace"... Ehh... I write a lot of code and I type 97wpm. I say that having been a proponent of the iPhone and having written my senior thesis on internet distribution of music.
You have fixated entirely upon the professional use cases without considering the personal.
Connecting family members comes to mind.
But fine, even if we wanted to be narrow minded and only think of the business setting - there are plenty of situations where being in the same space builds additional levels of trust and confidence in a partnership. If that can also be done virtually (be mimicking physical presence so accurately) then that’s a value add.