Industrial Metaverse Adoption Gains Momentum Across Industries
As a crypto enthusiast, you’re likely aware of the immense potential of the industrial metaverse. After a temporary slowdown due to the COVID-19 pandemic, experts now predict a significant acceleration in its adoption across various industries. In this article, we’ll dive into the reasons behind this surge and what it means for the future of industrial metaverse.
Technological Convergence Boosts Adoption
The maturation of technologies like AI, GenAI, cloud, IoT, extended reality, 5G, and Edge computing has created a perfect storm for industrial metaverse adoption. According to Sreenivasa Chakravarti, Vice President of IoT and Digital Engineering at TCS, “The industrial metaverse has gone through its waves… Today, because the industrial metaverse is a combination of computer vision, extended reality, and digital twins, fortunately, all of these are maturing to a really good extent.” This convergence of technologies has led to the discovery of the right price points, making it more attractive for industries to adopt the industrial metaverse.
Supportive Technologies Scale Up
Chakravarti attributes the increased adoption to the scaling up of supporting technologies. “All of these are very data-heavy and require analytics in real-time, the industrial metaverse got a boost from supporting technologies.” As a result, industries are now witnessing a significant acceleration in the adoption of the industrial metaverse.
Experts Share Insights
- Pareekh Jain, CEO of EIIR Trend Engineering Insight Platform, believes that industrial enterprises are eager to experiment with the metaverse as supporting technologies mature. “Industrial metaverse is the evolution of industrial IoT, simulation, digital twin, digital thread, analytics, cloud, connectivity, along with GenAI.”
- Ramakrishna Srinivasa, Vice President of DCX-India at Capgemini, attributes the uptick in metaverse adoption to the shortening of the innovation cycle to six months to a year. “For industrial metaverse to play a larger role, having right sensors in place, edge computing, having the complete IoT ecosystem, data and analytics, and augmented reality – all these five or six things have come together to give life to industrial metaverse.”
The Future of Industrial Metaverse
With the convergence of technologies, supportive technologies scaling up, and expert insights indicating a positive trend, the future of industrial metaverse looks promising. As you navigate this exciting space, remember that the industrial metaverse has the potential to revolutionize various industries, and its adoption is expected to continue gaining momentum.
Future Take
As the industrial metaverse continues to gain traction, you can expect to see more innovative applications across industries. As you stay updated on the latest developments, remember that the convergence of technologies and supportive infrastructure will play a crucial role in shaping the future of the industrial metaverse.
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