Imagine a virtual world where billions of people live, work, shop, learn and interact with each other. All this from the comfort of your couch in the physical world.
In this world, the computer screens we use today to connect to the global web of information have become portals to larger, better, tangible 3D virtual spaces, just like in real life. rice field. Digital images of ourselves and our avatars move freely from one experience to another, taking our identities and money with us.
How do business leaders make sense of a fast-moving, hyped concept that could fundamentally change people's lives? It reveals where we are now and where we are heading. Topics include the technologies and platforms that support the metaverse, its benefits and challenges, how to invest in the metaverse, its history, why it matters, and its implications for future work.
What is Metaverse? small talk
The Metaverse is a vision many in the computer industry believe will be the next iteration of the Internet.
A single, shared immersive and persistent 3D virtual space where people experience life in ways they cannot in the physical world.
Part of the technology that gives us access to this virtual world. Virtual reality (VR) headsets and augmented reality (AR) glasses are evolving rapidly. Other important components of the metaverse. Suitable bandwidth and interoperability standards, for example, are likely years away and may
Why the Metaverse Matters
“Metaverse” became a household word when Facebook announced plans to rebrand its corporate identity to Meta in October 2021 and invest at least $10 billion in the concept this year. In addition to Meta, tech giants such as Google, Microsoft, Nvidia and Qualcomm are also investing billions in the concept. Management consultancy McKinsey & Company optimistically predicts that the size of the Metaverse economy could reach $5 trillion by 2030. With e-commerce expected to be the dominant engine, gaming, entertainment, education and marketing are also becoming important areas of the Metaverse.
Businesses today use the term to refer to various types of enhanced online environments. These range from online video games like Fortnite, to new virtual workspaces like Microsoft's Mesh and Meta's Horizon Workrooms, to virtual dressing rooms and virtual operating rooms. Instead of a single shared virtual space, the current version of the metaverse evolves into a multiverse.
Different metaverses with limited interoperability as companies compete for status.
Uncritical enthusiasm for the Metaverse combined with deep uncertainty about how it will turn out has sparked some backlash. Industry observers wonder whether the Metaverse will end up being much different than today's digital experience, or if so, that the masses will spend hours a day in headsets navigating the digital space.
As more and more artificial intelligence is entering into the world, more and more emotional intelligence must enter into leadership.
Amit Ray, Famous AI Scientist, Author of Compassionate Artificial Intelligence