Articles about Metaverse

Enterprise Transformation to AI and the Metaverse provides guidance on how organizations can respond effectively to a rapidly converging collection of advanced technologies, methods, and models often referred to as “the metaverse.”

The arrival of the metaverse will likely lead to one of the most disruptive eras in modern history. We will see our personal, social, professional, and business lives change just as dramatically as we experienced with the arrival of the personal computer, Internet, and smart phone.

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Increased use of the metaverse and other immersive spaces using VR, AR and digital avatars, is going to change how businesses communicate with their customers.

In an increasingly globalized world part of the issue is how real time experience will cope with the use of different languages. This is expected to put real pressure on automated and machine translation services to deliver fast, accurate results.

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Like any new innovation, the metaverse is currently at the center of a 'risk versus reward' debate. Unsurprisingly, the 3D virtual world has received a lot of attention, with McKinsey confirming that more than $120 billion was invested in building out metaverse technology and infrastructure in the first five months of 2022.

Promises of extraordinary use cases, from teaching virtualized university lectures to performing surgeries for patients in other countries -- not to mention the potential cost saving and accessibility benefits -- have garnered curiosity. But while it could be some time until we see mass adoption of the metaverse, the security community is already apprehensive of the evolving security risks.

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The trend towards hybrid work has meant that face-to-face meetings have been widely supplanted by collaboration tools like Zoom, Teams and Slack.

With the advent of the metaverse, virtual interaction is set to become even more common. We spoke to Martin Bodley, director of emerging business at Bose Work to find out more about how this new world might look and how it can draw on expertise gained from video games.

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While the Metaverse is still somewhat in its infancy, it has tech-heads all over the globe coming up with all sorts of theories and concepts for the future. The world of augmented virtual reality is currently so undefined that we’re seeing governments like Dubai building strategies to create 40,000 jobs in the metaverse and bring $4 billion to their economy.

There have been all sorts of talk surrounding personal avatars and property in this futuristic landscape, but what about vehicles? Could we see the potential for people to buy or rent vehicles in this virtual reality?

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It’s time to redefine what has come to be known as the metaverse -- a reimagined internet, integrating both established and new technologies (think mixed reality) -- to Web3. Though possibilities appear to be plentiful, the 'digital reality' perception of the metaverse is too far off in the horizon and not currently widely relevant.

Rather than focusing on the metaverse, then, businesses need to consider the real-life use-cases for Web3 -- including decentralization, blockchain, and token-based economics -- including crypto and non-fungible tokens (NFTs), to gauge their true value, sustainability, and future. Web3 has given us an incredible tool -- the ability to create a 'digital value economy', whereby something can have value in and of itself online, without a trusted intermediary.

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The past couple of years have seen a boom in eCommerce as more people have worked -- and shopped -- from home.

But as the industry's profile has grown so has the risk of cyberattacks. What’s also been thrown into sharp focus is that delivery systems sometimes don't live up to the buying experience. So how will the eCommerce sector address these things in 2023? Here's what some industry experts think.

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We know that not many consumers actually care about the metaverse, but that hasn't stopped tech giants investing heavily in preparing for it.

A new report from Tenable, based on a study of 1,500 professionals representing roles in cybersecurity, DevOps and IT engineering, shows 68 percent of respondents plan to do business in the metaverse within the next three years, with 23 percent having already begun initiatives in the past six months.

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We live in a world where businesses constantly reinvent themselves to remain competitive. Automation and digitization goals feature in well over half of all today’s businesses’ long-term corporate strategies, according to PwC's most recent annual Global CEO Survey. Which is why artificial intelligence (AI) and virtual worlds or 'metaverse' related technologies and tools have risen to prominence, particularly in relation to improving on-the-job training and upskilling new talent.

In 2022, many businesses are now starting to benefit from the application of AI and metaverse technologies in providing streamlined training and onboarding for employees. Combining AI and metaverse technologies affords companies an incredible new opportunity to train and equip people with the necessary skills to navigate the future of work.

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A large majority of consumers in the UK say they have never heard of or are bored by Web3 (89 percent) and the Metaverse (84 percent), according to a new study.

Research from digital agency Studio Graphene surveyed 2,000 UK adults and finds technologies that hit the market more than a decade ago have high levels of consumer understanding and use, but this drops off sharply when looking at more recent innovations.

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When the likes of Meta and Microsoft spend billions to kick-start what they see as the next big tech gold rush, it’s worth taking notice. We are, of course, talking about the Metaverse, a prospect so compelling that it prompted Facebook’s corporate rebrand alongside an investment in the region of $10 billion per year.

According to their launch content, the money is going towards the creation of a "hybrid of today’s online social experiences, sometimes expanded into three dimensions or projected into the physical world. It will let you share immersive experiences with other people even when you can’t be together."

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The virtual world of the Metaverse is already attracting people to attend virtual events and play games. It also has the potential for businesses to make money -- research from McKinsey suggests it could be a $5 trillion industry by 2030.

However businesses are still wary of the additional challenges, particularly with regard to security. New research carried out by YouGov for app security company F5 shows six out of 10 respondents say the Metaverse has introduced security complexities that their organization may not be equipped to address.

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Lenovo today took the wraps off its new all-in-one virtual reality headset which it says has been engineered to be a "high-quality, versatile and secure on-ramp to the Enterprise Metaverse".

The new ThinkReality VRX headset is powered by a Snapdragon XR platform and features a slim form factor, pancake optics, and full color, high-resolution pass-through capabilities for mixed reality applications. It also offers a full suite of end-to-end services for businesses.

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One noticeable change brought on by the pandemic was the need for retailers to transform digitally. Retailers big and small are now adopting and implementing new digital retail technologies to achieve operational efficiencies, meet customer needs, overcome labor shortages and more.

However, it can be challenging to understand what types of retail technology trends are taking the industry by storm. Continue reading to learn more about the top retail technology trends and their impact on the industry in the remaining months of 2022.

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The metaverse has triggered something of a buzz in recent months, particularly among big tech companies and wealthy investors.

But while the idea of a virtual world might be compelling for consumers, what does it mean for enterprises? We spoke to Nadir Ali, CEO of Inpixon to find out.

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