How can the metaverse help industries?

• Capture valuable data and insights from your assets and processes

• Apply artificial intelligence and machine learning to understand and optimise products and processes

• Detect and mitigate problems early, before they cause any serious impact

• Simulate scenarios like part failure, natural disasters and supply delays to understand causes and impact—and proactively prevent them

• Schedule predictive maintenance

• Collaborate with people across the world to develop and test new ideas

• Correct errors at the design stage itself

• Conduct what-if analyses using exact, working copies of products and processes, and real-time data

• Trial changes in the virtual space before implementing in real-life—compute power on the cloud enables you to try changes at jet speed, enabling multiple iterations to fine-tune the process

• Train employees in immersive virtual facilities that work exactly like the original—this is as good as hands-on training, but with less risk involved

• Enable workers to troubleshoot even complex problems by augmenting their view with required information, and also enabling an expert to connect and guide them remotely

• Make processes more sustainable:

• Figure out the recycling puzzle

• Develop products sustainably with minimal real-life iterations, leading to lower use of resources and lesser waste

• Optimise processes to be power-efficient and sustainable

• Use the metaverse as a new marketing channel for customers to view or experience products remotely

• Enable business transactions through upcoming decentralised finance (DeFi) channels and digital currencies