– The World Economic Forum (WEF) predicts that metaverse tech will impact industry first, before moving into the consumer space later.
– This implementation will involve digital twins and extended reality technologies, which are already being adopted by companies like Renault.
– The use of metaverse tech in industrial environments will help companies complete tasks more efficiently and save money in the long run.
The World Economic Forum (WEF) has recently released an article predicting how metaverse technology will evolve and be implemented in different sectors, particularly industrial environments. Metaverse technology is a combination of digital twins and extended reality technologies, which are already being adopted by companies like Renault to save money and become more efficient.
Digital twins are digital versions of real-world elements which can be used to test functionality, examine the inefficiencies of an assembly line, or prototype a model without having to build it physically. Extended reality is the combination of real-world elements and digital elements to examine interactions between the two. According to the WEF, the implementation of metaverse technology will have a bigger impact on industrial environments than on consumer spaces. This is because companies will be able to save money and more efficiently complete tasks with the help of metaverse technology.
The automotive company Renault, for example, launched its industrial metaverse in November 2020, with the hopes of saving $330 million by 2025. This is just one example of the many ways metaverse technology can help companies become more efficient and cost-effective.
The WEF predicts that metaverse technology will continue to evolve and become more widely used in industrial environments, before moving into the consumer space later on. With the implementation of digital twins and extended reality, companies will be able to save money and complete tasks more quickly and efficiently. This will be an important development in the coming years, as companies look for new ways to become more efficient and cost-effective.