The Matrix was one hell of a movie and there's no doubt that it hugely influenced the filming industry. One of the most memorable effects was the "bullet time" - which by the way is a registered trademark of Warner Bros and had been used in the promotion of the 1999 film. The Matrix not only popularized the term but also took it to a much higher level - rigs of still cameras were set up in patterns determined by simulations and then shot either simultaneously or sequentially. But you don't need dozens of DSLRs to create a similar effect. Mark Rober and Destin from Smarter Every Day did a fun and innovative experiment. Their goal was to achieve similar results but with just one single camera! They wanted to capture the 360 effect like in The Matrix and it took them more than 6 months to get it right. But just as Destin wrote in the description of the video - if you're not making mistakes, you're not trying anything new or interesting.
And the video below proves that sometimes things can go wrong;):