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Metaverse to bring 'true productivity' to industrial environments: Davos 2023

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cointelegraph.com

The metaverse continues to be a central talking point among leaders and decision-makers in global industries. For many, the vision of the future of the metaverse is not limited to a gamified version of reality.At the World Economic Forum (WEF) 2023 in Davos, Switzerland, a panel of experts came together to discuss a global idea of an industrialized metaverse.

With echoes of the industrial revolution, the industrialized metaverse will bring Web3 technologies and beyond into industries that are at play in everyday life.“Deployment in the Industrialized Metaverse” started out with Abdullah Alswaha, the minister of communications and information technology in Saudi Arabia, expressing that the current reality of digital engagement doesn’t match up to its potential.Instead, it could, and arguably will be better off, leveling up the current digital communications for situations such as telework.

Alswaha continued: Peggy Johnson, the CEO of AR company Magic Leap, said the industrial metaverse would only come into play when digital and physical worlds begin to merge: Åsa Tamsons, the senior vice president and head of business area technologies at Ericsson, said this technology is already at play with big use cases in the healthcare, automotive and consumer electronics industries.

Another example was in retail onboarding: When explicitly asked about metaverse technology in real-time situations in the healthcare industry Dr.

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