THE INDUSTRIAL METAVERSE IS QUICKLY EMERGING
The Industrial Metaverse has gained significant traction in the world of technology. It is an umbrella term that describes the concept as a reactive space.
When you hear the word “industrial metaverse”, what comes to the tip of your tongue, virtual meetings? You are correct, but there is more to it. Experts in this technological area have suggested that virtual meetings are just a part of a much broader concept.
In a recent article by MIT Technology Review Insights, the author suggests that current and emerging technologies, including digital twins, blockchain, cloud computing, and machine learning, will be the key building blocks of the industrial metaverse.
The convergence will lead to the development of an interface that bridges the real and digital worlds.
What is Industrial Metaverse?
The industrial metaverse is a nexus that combines the real and digital worlds for implementation in the industrial sector. It comprises digitalized representations of industrial environments people can control and interact with.
The industrial metaverse is still in its infancy, but it is said to transform the pattern of work, providing new avenues for businesses to create value for themselves and societies.
It also allows companies to prototype and test thousands of design iterations in an immersive environment, thereby leading them to explore a new avenue for direction to solve reality-based challenges in a virtual environment.
Learn more about the industrial metaverse in our blog here.
Digital Twin – The Core of the Industrial Metaverse
The concept of a digital twin is the core of the industrial metaverse. Based on a virtual model, it is a digital simulation of real-world data to predict the performance of a product. Artificial intelligence, the Internet of Things (IoT), and other software analytics can be integrated to maximize the potential of the output, develop agile product development, optimize a process, improve quality, and transform operations over the entire course of the industry lifecycle.
Siemens’ Digital Native Factory is one of the few examples of digital twin implementation. According to the company, they simulated the entire site with a digital twin. It allowed the business to optimize the building and detect potential issues earlier, enabling it to mitigate small and big planning errors and save costs.
As a result, the factory’s manufacturing capacity and productivity increased by 200% and 20%, respectively. Another example is the car manufacturing giant BMW.
It has developed a digital twin of its Regensburg manufacturing site to drive real-time 3D collaboration between its global teams. According to the company, the application of the digital twin method has completely transformed its planning processes.
How the Industrial Metaverse is Changing Our Future
According to MIT Technology Review, the industrial metaverse can foster collaboration between global teams and optimize industrial processes with AR/XR wearable technology. The industrial metaverse can serve as a “multistakeholder ecosystem” if firms can leverage the potential of intelligent analytics to process data and gain insights.
As mentioned, digital twins are at the heart of the industrial metaverse, and they demonstrate the potential of technology to revolutionize every industry and the way firms design, produce, test, and train.
The industrial metaverse will radically change human lives. Analysts predict it will entirely transform the physical environment and how we work, live, and travel.
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