The hype for metaverse is rapidly growing as multiple IT companies began to promote this technology trend. In 2021, we hears Facebook rebranding itself to Meta, Microsoft announcing their plans on including metaverse element into Microsoft Team, Tencent declaring metaverse-related trademark while Roblox becoming the first stock of the Metaverse. According to various reports, metaverse is the next big technological breakthrough – the top strategic trend in the future. As the success of metaverse is both agreeable and debatable when viewed from various aspects, an understanding on metaverse helps organisation on planning the right business strategy. What makes Metaverse a top strategic technology trend?
Fundamentally, metaverse is not a single entity but a combinatorial innovation comprises of various technology themes and capabilities. According to Gartner, there are four key innovation that makes metaverse a top strategic technology trend which include:
Web3 – Web3 or Web 3.0 is an advanced version of the internet. Importantly, web3 focuses on decentralized applications that utilises blockchain-based technology and is cryptocurrency-enabled. These features of Web3 are essential as a foundation of economic and monetary systems in the metaverse.
Spatial computing – Spatial computing is the integration of multiple technologies that changes the interaction between human and machine. Spatial computing combines traditional computing, data and logic including 3D location allowing experiences to intersection between reality and virtual world.
Digital twin of a person (DToP) – DToP refers to the mirror image of individual and real-time proxy for state that can appear anywhere at any time both in physical and virtual space.
Digital twin of a customer (DToC) – DToC is a part of DTop with the capabilities to contextualise data from customer behaviours. DToC represents the virtual forms for customers which can be an individual, a group of people even machines.
With these innovation, while metaverse is still in the early days of implementation, it is believed to deliver persistent, decentralise, collaborative and interoperable opportunities and business models to organisation.
“The fourth industrial revolution, also known as Industry 4.0, is characterized by a blend of technologies that merge the physical, digital, and biological worlds. However, this is just the beginning. The metaverse, virtual reality, augmented reality, and other forms of simulated reality will play a major role in the fourth industrial revolution. In the near future, these technologies will impact every aspect of our lives, not just the gaming world. They aim to bridge the gap between the digital and physical worlds, allowing for a more seamless experience. Think of it like the movie Avatar, where humans can explore a simulated world through the body and mind of a character like the Na’vi on Pandora. With this in mind, it’s important to be aware of the rise of the metaverse and its potential. “Vincent Lim of E-SPIN Group added.
E-SPIN Group in the business of enterprise ICT solutions supply, consulting, project management, training and maintenance, for multinational corporations and government agencies across the region E-SPIN did business, since 2005. Please feel free to contact E-SPIN for your requirements and project inquiry. Other post you may be interested in: