industrial manufacturing sector sees potential in metaverse

 

The industrial manufacturing sector sees potential in the metaverse through its application in the "industrial metaverse" that links physical and virtual worlds. 

 VR headsets, smart glasses, and sensors create digital twins of physical objects, including cars and factories, allowing companies to test equipment, identify problems, and scale production before investing in new machines.

  • The "industrial metaverse" has been quietly gaining steam as a topic of discussion at Hannover Messe, a large industrial trade fair in Germany.
  • The industrial metaverse is seen as a gaming technology that businesses can use to teach mechanical engineers about the possibilities of the virtual world in a practical way.
  • The use of cameras and VR technology can also enable remote experts to connect easily with equipment and processes in remote areas like oil drilling platforms.
  • Despite concerns and confusion, the metaverse represents the convergence of technologies that will likely evolve and be called something different.
  • The metaverse trend that saw Facebook rebrand to Meta and brands launch virtual stores has lost momentum, with many declaring it dead due to various reasons, such as the fall in cryptocurrencies' value and the rise of generative AI technology.

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