The new metaverse and the great upheaval, what vision for 2030?

Until then focused on the consumer, the most important opportunities will come from another variant of this virtual environment: the industrial and corporate metaverses.

Businesses are constantly looking for ways to increase their productivity, efficiency and sustainability, and digitization has become an essential tool to achieve this. The pandemic has allowed them to accelerate their digital transformation, opening up a host of opportunities that previously seemed impossible.

Many of them have embraced new information and communication technologies (ICT) such as artificial intelligence (AI), edge computing and models. SaaS (software as a service). This change, driven by trends such as reducing the environmental footprint and cyber security, combined with 5G networks, expected to add $8 trillion to global GDP by 2030.

While most digital sectors such as e-commerce, media and banking have adapted during the pandemic, more physical sectors such as industry, healthcare, transport and energy have only touched on what digitization can bring in terms of safety, productivity and efficiency.

Fortunately, we are approaching the “big revolution” – a new ecosystem of technologies 5Gcombined with others such as edge cloud infrastructure, augmented intelligence/machine learning, advanced sensors and roboticswhat we call 5G+, will provide all industries with the solutions needed to complete their digital transformation within the next 10 years.

The Rise of Industrial and Corporate Metaverses

Described as “the next evolution of social connectivity and the successor to the mobile Internet.” metaverse until now it has focused on consumer-driven, brand-created experiences. However, the most important and surprising possibilities will come from another version of this virtual environment: metaverse industrial and business. It is these applications that will enable organizations to move the lines between physical and digital environments and reshape the world – with what McKinsey calls “digital twins”.

In practice, this means that projects can be developed practically before being reproduced in reality. For example, virtual and augmented realities (AR/VR) will allow factory workers to design and test hardware before putting it on a production line, thereby limiting risk and allowing production volumes to be more predictable. correctly. The current deployment of 5G+ networks in several sectors is already demonstrating the benefits that the industrial and enterprise metaverses can bring.

To cite another example, an iron mine in Australia showed that as a result of using private 5G+ networks instead of WiFi, the number of wireless access points was reduced by 20 and the personnel required for site maintenance was reduced by 4 ., allowing 70 million euros of annual savings. Another example, a farm in the Netherlands has implemented a precision farming approach with 5G+ technologies, thanks to an app that identifies good crops from weeds and remotely triggers automatic targeted spraying to eliminate them. Thus, productivity was multiplied by 6.7. Applied to 15% of the world’s farms, this technology would generate 300 million tons of additional crops and reduce water consumption by 150 billion cubic meters per year.

Further advances in the metaverse and the ability to transpose projects into the virtual environment will also save time, reduce costs and reduce risks. Take the example of the Brooklyn Bridge, which took 14 years to build in the 19th century and caused 20 deaths. If the site happened today, the approach would be completely different.

Using 3D modeling in the virtual environment, engineers can design construction projects such as bridges in exquisite detail and predict their life cycles of up to 100 years. Enterprise Metaverse allows all actors of a project to co-create a bridge for example and interact wherever they are, with unlimited collaboration possibilities. Similarly, the industrial metaverse allows bridge parts to be prefabricated in the factory using AI-based systems, with workers driving the machines with augmented reality and virtual reality tools. Additionally, once the bridge is built, sensors placed at each pressure point could allow its condition to be monitored and maintained using drones and robotic technology. The 21st century Brooklyn Bridge could have been completed in three times the time, without the loss of life.

But it’s not just the construction industry that could benefit from the metaverse. It will also lead to an acceleration of medical and scientific discoveries, allowing organizations and nations to join forces to solve pressing problems, such as finding a cure for cancer or solving the climate crisis. Clearly, the benefits are many. However, to enable a fully immersive experience, other technological solutions will need to be improved first.

Metaverse Connectivity Possibilities

The Metaverse is accessed through smart devices and body-worn devices that require a flexible and stable high-speed Internet connection. For this to be possible, networks must make significant advances in latency, bandwidth and speed, abandoning or recycling legacy 2G and 3G networks and frequencies in favor of 5G and 6G.

As we enter a new era of unprecedented industrial immersion and digitalization, network vendors’ expectations will be higher in terms of reliability, scalability, security and sustainability. While adoption by individuals will take several years, we are witnessing rapid adoption by businesses and industries. Thus, IBM already has one digital twin exchange platform which allows organizations to purchase digital twins from its partners.

The launch of 6G networks will put the finishing touches on the total fusion of our physical and virtual lives, helping companies build the basic infrastructure of the metaverse. Programs such as Hexa-X-IIthe second phase of the 6G initiative led by the European Commission, which will form the basis for 6G standardization, will also allow organizations to come together and guide future developments in connectivity.

Cooperation is the key to success

Metaverse must represent a market of more than 824 billion dollars by 2030. Organizations that invest in this technology today are the ones that will win the innovation race. However, the metaverse will only realize its full potential if organizations work together to create an open, secure, environmentally sustainable and inclusive environment that encourages innovation and translates into value for all parties involved. Significant investments, technological adaptations, sophisticated content creation tools and powerful servers will be required to ensure system stability and create a truly immersive experience.

For this reason, the metaverse cannot be owned by a single person or organization, and initiatives such as Metaverse Standards Forum it will help create norms of cooperation and openness.

By 2030, everything that happens in the digital world will affect the physical reality and vice versa, and every physical object that can be connected to the digital world will be connected. While many individuals will see the metaverse as a new way to join communities and engage in exciting activities, businesses and nations will rely on the industrial and enterprise metaverse to drive innovation and collaboration, as well as to create safer and easier ways to operate highly complex technologies. . This is where the Metaverse gets really exciting.

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