Fostering talent via virtualized training, onboarding, and recruitment
Virtual environments will facilitate more effective talent identification and acquisition to keep pace with the hybrid working model. By embracing the Metaverse, organizations will take their employee onboarding and training processes to the next level, accelerating skills acquisition, and creating new opportunities for career advancement. Organizations will hold events that let workers experience physical office onboarding from the comfort of their remote offices. The Metaverse will also provide an immersive, interactive, and safe environment for equipping employees with the right skills, helping them be better prepared to face real-world scenarios. This will be done using AR and VR technologies that enable simulation-based gamification and product usage training.
Reinventing support operations, improving support quality
Companies across industries will be able to improve brand identification by leveraging the Metaverse for innovative approaches to large-scale events, holding product launches and customer meetings in virtual expo halls.
For manufacturers, on-site data visualization and remote access to operational information will introduce a multitude of productivity and efficiency gains. These gains will range from real-time maintenance monitoring to providing assembly instructions on the equipment itself. Organizations will establish virtual assembly lines for employees to follow. This will lead to increased efficiency, optimized workflows, fewer errors, and decreased need for physical manufacturing facilities.
Through VR, companies will be able to create virtual prototypes of products, accelerating testing before items are manufactured. Virtualization for quality control will allow manufacturers to slash downtime and enhance the accuracy of their inspections. Data collection from various sources like IoT sensors, PLM, ERP, and MES will make it possible to generate digital twins of factories.
Powering risk management with blockchain capabilities
In the Metaverse, a blockchain ledger facilitates the recording of transactions and the management of tangible and intangible assets. Through blockchain technology, tasks like reporting, balancing P&L statements, and cash flow management will become easier, besides saving time for companies to focus on their core businesses.
Blockchain makes transactions secure and reliable by ensuring that each transaction is validated. It also reduces the risk of virtual assets or vulnerabilities, resulting in more robust workflows.
Inventory management using blockchain
When managing inventories in large warehouses, the main aim of enterprises is to find opportunities to reduce costs. With blockchain, it becomes easier to achieve this since it ensures complete transparency in the network, helping employees keep track of any product’s exact path.
Since everything is made visible in real-time in the Metaverse, controlling surplus inventory, clearing out stocks, managing stock-outs, and reducing employee errors are all made much easier. Further, inaccuracies can be easily corrected, leading to reduced costs and increased revenue, helping achieve the primary goal of all businesses. Also, blockchain helps enterprises plan necessary implementations and changes by keeping track of the production and sales cycle daily, helping the business in the long run.
Leveraging Spatial Computing in the Metaverse
Our lives have already been made easier and inextricably linked by spatial computing. It accelerates the idea of a parallel, three-dimensional virtual reality that engages with the real world. It never shuts down, as it fuses AR, VR, and MR to realize the Metaverse concept. It enables real-time simultaneous interaction between the virtual and physical worlds.
Through virtual meeting rooms, the spatial computing component of the Metaverse makes conferencing and presenting more convenient and exciting. As avatars, you may work, converse, and socialize in a detailed, three-dimensional digital environment that closely resembles the actual one.
Spatial computing has developed into a significant class of technology by enabling us to manipulate and access 3D spaces for better experiences.
Spatial computing has many applications, which is conclusive evidence that it will be the next phase of digital transformation. It will affect almost everyone, including retail customers, patients, doctors, employees, and CEOs. Additionally, it will be crucial in enhancing the efficiency of machine-to-machine communication.
Humans are powerful because of their capacity for collective thought. The same will be made possible by spatial computing, which will enable millions of people to communicate without using words. To power this, the collective human knowledge about every person, place, and thing will be captured graphically. Additionally, the use of AR cloud infrastructure will ensure this capability is accessible instantly to everyone.
Whether it is the digital twin concept or the Metaverse, along with a gamut of other opportunities, the possibilities for spatial computing technology are limitless, implying that exciting times are ahead.
The time is here for the paradigm shift to an enterprise Metaverse
It can be said with certainty that the Metaverse is here to stay. The potential is enormous, and companies must start evaluating how to leverage these technologies. Wipro has already begun to offer its Specialized Metaverse Value Proposition to organizations keen on leveraging this technological revolution. The service is based on a futuristic approach, XLA-based design, AI and IOT integration, and is driven by ensuring equitable experiences to employees. Furthermore, by leveraging capabilities from partners like Virbela, Wipro is building world-class immersive virtual worlds engineered to meet an enterprise’s exact needs and redefining the future of work.