Metaverse: Real-life Applications in 2022
Metaverse is the next iteration of digital society, it creates an unique opportunity to reach out new audience, provides innovative ways to interact with emerging technologies. Its market size will be worth $678.8 billion by 2030 as per a report published in Bloomberg. (Source: https://bloom.bg/3JWGUoF)
Metaverse will power the future of gaming industry. Augmented Reality(AR) and Virtual Reality (VR) will create a more organic experience for the players.
Shift from traditional teaching approaches to learning concepts through Virtual Reality(VR) and 3D visualization. Metaverse could transform education sector with classroom in the Cloud.
Metaverse could forever change banking industry with experiences like customers walking into virtual branches and interacting with tailored content and services.
Augmented Reality (AR) to improve the precision, speed of surgical procedures & empowering the skills and knowledge base of doctors and medical staff.
5. Real Estate
Virtual Reality(VR) to provide immersive virtual tours of the real estate properties to clients. Metaverse real estate has sparked virtual ‘Land Boom’.
Augmented Reality (AR) and Virtual Reality(VR) to help create new prototypes, designs faster, simulate risky circumstance to educate customers on the safety precautions.
Exclusive virtual collections getting sold on virtual boutiques using NFTs, fashion weeks and virtual events hosted on Metaverse.
Virtual shopping offers the possibility of becoming the owner of the purchased product or service in the real world.
About the Author :
Mr. Sachchidanand Singh is Advanced Analytics, BI and Data Science SME at Kyndryl (an IBM Spinoff). He is M.Tech from Birla Institute of Technology and Science (BITS), Pilani. He has authored more than a dozen technical research papers in IEEE, international computer journals, and national/international conferences.
He holds several Patents in Artificial Intelligence, Machine Learning, Cloud, and Cognitive domain. Having rich experience in architecture design and solution implementation with technologies like Advanced Analytics and Business Intelligence (BI). He is an IEEE reviewer, Technical Program Committee (TPC) member of various national/international conferences, and review board members of the American Journal of Computer Science and Information Engineering, USA.
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