Metaverse:
A Metaverse: Taxonomy, Components, Applications, and Open Challenges
The
emerging Metaverse technology
What Is a Metaverse?
Enterprise architecture and technology innovation leaders must
explore and understand emerging Metaverse technology to facilitate
adoption and implementation.
In short:
The Metaverse is a collective virtual open space, created by the
convergence of virtually enhanced physical and digital reality. It
is physically persistent and provides enhanced immersive
experiences.
Activities that take place in isolated environments (buying
digital land and constructing virtual homes, participating in a
virtual social experience, etc.) will eventually take place in the
Metaverse.
The adoption of Metaverse technologies is still at an early stage,
so business leaders should limit their investments there.
Technology innovation leaders need to identify, examine and track
emerging technologies to help business leaders develop new products,
transform the business or mitigate risks. The Metaverse is one such
technology that's impact of upon driving strategic business
innovations you need to proactively consider.
Metaverse will allow people to replicate or enhance their physical
activities. This could happen by transporting or extending physical
activities to a virtual world or by transforming the physical one,"
says Marty Resnick, VP Analyst at Gartner. "Although the goal of a
Metaverse is to combine many of these activities, there are
currently many individual Metaverses with limited functionality,
What is a Metaverse?
Gartner expects that by 2026, 25% of people will spend at least one
hour a day in the Metaverse for work, shopping, education, social
media and/or entertainment. But what exactly is a Metaverse?
It is a collective virtual space, created by the convergence of
virtually enhanced physical and digital reality. In other words, it
is not device-independent, nor is it owned by a single vendor. It is
an independent virtual economy, enabled by digital currencies and
nonfungible tokens (NFTs).
A Metaverse represents a combinatorial innovation, as it requires
multiple technologies and trends to function. Contributing tech
capabilities include augmented reality (AR), flexible work styles,
head-mounted displays (HMDs), an AR cloud, the Internet of Things (IoT),
5G, artificial intelligence (AI) and spatial technologies.
To understand the concepts of a Metaverse, think of it as the next
version of the Internet, which started as individual bulletin boards
and independent online destinations. Eventually these destinations
became sites on a virtual shared space similar to how a Metaverse
will develop.
Why is there hype around Metaverse?
There is a lot of excitement around Metaverse, much of it driven by
technology companies preemptively claiming to be Metaverse
companies, or creating Metaverses to enhance or augment the digital
and physical realities of people. Moreover, activities that
currently take place in siloed environments will eventually take
place in a single Metaverse, such as:
Purchasing outfits and accessories for online avatars
Buying digital land and constructing virtual homes
Participating in a virtual social experience
Shopping in virtual malls via immersive commerce
Using virtual classrooms to experience immersive learning
Buying digital art, collectibles and assets (NFTs)
Interacting with digital humans for onboarding employees, customer
service, sales and other business interactions
It is expected that a Metaverse will provide persistent,
decentralized, collaborative and interoperable opportunities and
business models that will enable organizations to extend digital
business.
What are the business opportunities of a Metaverse?
Today there are many individual use cases and products, all creating
their own versions of a Metaverse. Opportunities across multiple
industries include:
Higher education, medical, military and other types of trades can
deliver a more immersive learning experience. They dont need to
create their own infrastructure, as the Metaverse will provide the
framework.
Virtual events, having gained popularity over the last two years,
can now present more integrated offerings.
Retail can extend its reach to an immersive shopping experience
that allows for more complex products.
Enterprises can achieve better engagement, collaboration and
connection with their employees through virtually augmented
workspaces.
Social media can move to the Metaverse, where users can interact
through three-dimensional avatars.
The adoption of Metaverse technologies is still nascent and
fragmented, and we recommending refraining from heavy investments in
a specific Metaverse. It is still too early to determine which
investments will be viable in the long term, and the priority should
be to learn, explore and prepare for a Metaverse without going
overboard with implementation, based on a few use cases.
Recommendations for technology innovation leaders
Develop digital business strategies that leverage the built-in
infrastructure and participants of the Metaverse.
Lead idea and innovation management that focuses on new
opportunities and business models with the Metaverse.
Identify the unique technology risk, privacy and security
implications in this new persistent and decentralized environment.
List the outcomes, opportunities and obstacles the Metaverse
entails in the form of an emerging-technology wheel (
Facebook ).
Gartner
A
Metaverse: Taxonomy, Components, Applications, and Open Challenges
Metaverse taxonomy focus on the
applications and technologies that can give social meaning in a
Metaverse hardware, software, and content with three approaches
(i.e., user interactions, implementation, and applications)
About TACS
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Consulting Delivers The Insight and Vision on Information
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TACS is Pioneer and Innovator of many Communication Signal
Processors, Optical Modems, Optimum or Robust Multi-User or
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TACS consultants conducted fundamental scientific research in
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TACS is a leading top consultancy in the field of Information,
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Consulting spectrum comprises strategic, organizational, and
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TACS is a leading top consultancy in the field of information, communication
and energy technologies (ICET).
The heart of our consulting spectrum comprises strategic,
organizational, and technology-intensive tasks that arise from the use of new
information, communication and energy technologies. The major emphasis in our work is found in innovative consulting and
implementation solutions which result from the use of modern information,
communication and energy technologies.
TACS
- Delivers the insight and vision
on technology for strategic decisions
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innovations forward as part of our service offerings to customers
worldwide
- Conceives
integral solutions on the basis of our integrated business and technological
competence in the ICET sector
- Assesses technologies and standards and develops
architectures for fixed or mobile, wired or wireless communications systems
and networks
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the energy and experience of world-wide leading innovators and experts in their fields for local,
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