INDUSTRIAL META VERSE THE FUTURE OF MANUFACTURING
Entrepreneur magazine|March 2024
For the majority, Metaverse is synonymous with Roblox, Horizon Worlds, Decentraland, or The Sandbox. But virtual and augmented reality which blends physical and digital, is more than just game offerings.
PAROMITA GUPTA
INDUSTRIAL META VERSE THE FUTURE OF MANUFACTURING

"The metaverse is here, and it's not only transforming how we see the world but how we participate in it - from the factory floor to the meeting room," said Satya Nadella, CEO, Microsoft in 2022.

Among the Metaverse storms which have taken over the world, one sliver is catering to the manufacturing and logistics industry, and it's called the Industrial Metaverse.

F Defined as a reality to empower industries and players, the Industrial Metaverse has the potential to create a more sustainable process, cut operational costs, and improve the work environment and experience for the target sectors.

According to Grand View Research, a market research and consulting company, the global market size for industrial metaverse was estimated at USD 18.36 billion in 2022 and is estimated to grow at a compound annual growth rate (CAGR) of 33.6 percent from 2023 to 2030.

WHY INDUSTRIAL METAVERSE?

At present, the digital twin is at the core of the Metaverse where it illustrates the power and potential of the industrial metaverse to revolutionize design and engineering, testing, operations, and training. IM's key components also include the Internet of Things (IoT), artificial intelligence (AI), cloud computing, blockchain, and extended reality.

هذه القصة مأخوذة من طبعة March 2024 من Entrepreneur magazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة March 2024 من Entrepreneur magazine.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.

المزيد من القصص من ENTREPRENEUR MAGAZINE مشاهدة الكل
Looming Crisis: What Indian Aviation Industry Needs To Do Differently
Entrepreneur magazine

Looming Crisis: What Indian Aviation Industry Needs To Do Differently

Currently, Canceled Flights, Dissatisfied Frequent Flyers And Reprimands From The Regulators Have Become The Norm For Indian Airlines Such As Vistara, Air India, Indigo. To Navigate These Challenges, What Does The Sector Need To Do Better?

time-read
8 mins  |
MAY 2024
Why Small Businesses Can't Afford To Grow
Entrepreneur magazine

Why Small Businesses Can't Afford To Grow

Big companies take a long time to pay their suppliers. Sometimes, so long that the supplier goes out of business. Two entrepreneurs wanted to find out why this system is so broken-and wound up creating a solution.

time-read
10+ mins  |
MAY 2024
Will India achieve 40GW Rooftop Solar Capacity by 2026?
Entrepreneur magazine

Will India achieve 40GW Rooftop Solar Capacity by 2026?

ACCELERATING THE ADOPTION OF ROOFTOP SOLAR INSTALLATIONS IS CRUCIAL FOR ACHIEVING INDIA’S RENEWABLE ENERGY TARGETS BUT DESPITE VARIOUS SUBSIDIES AND MEASURES BY GOVERNMENT, THE COUNTRY MISSED ITS 2022 TARGET.

time-read
3 mins  |
MAY 2024
FUELLING INDIA'S SILICON VALLEY ASPIRATIONS
Entrepreneur magazine

FUELLING INDIA'S SILICON VALLEY ASPIRATIONS

It took 40-plus years for the US and over 25 years for Taiwan to establish their Silicon Valley.

time-read
4 mins  |
MAY 2024
'UP' FOR A DRINK THIS SUMMER?
Entrepreneur magazine

'UP' FOR A DRINK THIS SUMMER?

LAST YEAR THE DEMAND WAS DISRUPTED DUE TO PREPONED MONSOONS. THIS YEAR'S FORECAST IS FOR A BLAZING SUMMER. FMCG COMPANIES SUCH AS DABUR, PARLE AGRO, CAVIN KARE, GODREJ JERSEY & HAMDARD LABORATORIES GEAR UP TO MEET DEMANDS AND HOPE TO MAINTAIN THEIR PRICING AMIDST A WAITAND WATCH APPROACH

time-read
4 mins  |
MAY 2024
THIRSTY CITIES | HOW COLLABORATIVE EFFORTS CONTRIBUTE TO WATER CONSERVATION
Entrepreneur magazine

THIRSTY CITIES | HOW COLLABORATIVE EFFORTS CONTRIBUTE TO WATER CONSERVATION

WATER STORAGE IN THE MAJOR RESERVOIRS AND RIVER BASINS IN THE COUNTRY HAS DROPPED LESS THAN THE AVERAGE STORAGE RECORDED IN A DECADE FOR THE CORRESPONDING PERIOD.

time-read
5 mins  |
MAY 2024
ACHARYA PRASHANT THE PRACTICAL TEACHER
Entrepreneur magazine

ACHARYA PRASHANT THE PRACTICAL TEACHER

Prashant Tripathi, now known as Acharya Prashant, has shot up as a unique wisdom teacher.

time-read
9 mins  |
MAY 2024
SYNTHETIC SPARKLES
Entrepreneur magazine

SYNTHETIC SPARKLES

How startups are banking on the customer base shifting to more affordable and sustainable diamond options

time-read
6 mins  |
MAY 2024
Corporate Journeys Reimagined 2024 and Beyond
Entrepreneur magazine

Corporate Journeys Reimagined 2024 and Beyond

A SIGNIFICANT NUMBER OF EUROPEAN AND US COMPANIES PLAN TO DECREASE TRAVEL PER EMPLOYEE BY OVER 20% TO ACHIEVE THEIR 2030 SUSTAINABILITY GOALS.

time-read
2 mins  |
MAY 2024
India Inc. Charges Towards Sustainable Change With EV Push
Entrepreneur magazine

India Inc. Charges Towards Sustainable Change With EV Push

INDIA'S EV SECTOR IS POISED TO SKYROCKET TO AN ESTIMATE OF $113.99 BILLION BY 2029.

time-read
2 mins  |
MAY 2024