The industrial metaverse will transform the way you work

Highly-optimised businesses are able to function seamlessly amid the physical and virtual worlds. This article delves into how new-age technologies can help build an industrial metaverse that will aid industry processes.

- 

We are living amid times of great change. Global factors such as political unrest, economic inflation and the ongoing war in Ukraine are stoking market volatility. What’s more, these pressing factors are playing out against the stark backdrop of climate change. The global effort to reduce carbon emissions is making progress, but continuous pressure must be applied in order to meet challenging targets in line with the Paris Agreement.

Fresh from COP27 Sharm el-Sheikh, Egypt, the message from business and civil society leaders is clear. If we are to deliver on the objectives of the Paris Agreement and limit global warming to 1.5°C above pre-industrial levels, it is time for action. We need to work collaboratively and relentlessly to halve global emissions by 2030, and many companies are rapidly diversifying their energy portfolios, divesting their higher-carbon-emitting businesses and transitioning to greener power supplies. To add complexity to the challenge, however, most nations do not yet have an energy mix which can rely solely on renewable energy sources. As such, traditional fossil burning techniques are still necessary to plug the energy shortfall. Global businesses are now working overtime to develop sustainability strategies that promote the right balance of future investments and existing profit targets.