The World Economic Forum (WEF) has published an article that predicts how metaverse technology will evolve and how it will be introduced in different sectors. For the organization, the greatest impact of the implementation of this technology will be seen in industrial environments, where it will help to perform more tasks and reduce expenses.
WEF believes that Metaverse Tech will impact the industry first
The World Economic Forum (WEF) believes that the metaverse will be applied first in industrial settings, rather than being adopted first by consumers. in an article published On January 13, the organization anticipates that the implementation of the metaverse will be done first at the industrial level, helping different companies to complete design and monitoring tasks in a more efficient way.
Two of the metaverse technologies that will be an integral part of the industry in this new phase are digital twins and extended reality. Implementing digital twins, the digitization of a group of elements from the real world, will allow testing the functionality of an element, or examining the possible inefficiencies of an assembly line, or simply prototyping a model without having to physically build it.
Extended reality, another of the technologies mentioned in the article, will allow designers to mix elements of the real world with digital elements, to examine the interactions between the two.
Several companies are already embracing these technologies, including automaker Renault, which launched its industrial metaverse in November, aiming to save $330 million by 2025 with implementation.
consumer metaverse
While there is significant focus on the consumer metaverse from companies like Meta, which have been investing billions in the sector, the WEF believes that industries will be the ones to drive innovation.
The article says:
We will develop many technologies for the industrial metaverse that will reach the consumer metaverse, from micro-optics and advanced haptic interfaces to AI sensing awareness.
The organization believes that once these two different metaverses are established, one will be able to enhance the other and vice versa. However, he recommends shifting the focus from putting resources into the consumer metaverse, to putting them into the industrial metaverse, which is already happening in a number of industries.
The WEF has touched on the metaverse before, issuing recommendations to maintain security and privacy on metaverse worlds in May 2022, especially when children are included as part of these environments.
What do you think about the World Economic Forum and its focus on the industrial metaverse? Tell us in the comments section below.
image credits: Shutterstock, Pixabay, Wiki Commons, farzand01 / Shutterstock.com
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
