Enterprise Metaverse Summit 2024
A digital twin is a 3D replica of a physical workspace and assets, and can imitate a single screw to an entire factory. The insights this digital copy provides can help firms enhance resilience, adaptability and efficiency. Digital twins will underpin the enterprise metaverse and are forecast to become a US$48bn business by 2026 (McKinsey).
Businesses can also use mixed reality (augmented and virtual) to enhance collaboration, improve the safety of working environments and increase the effectiveness of training.
However, the enterprise metaverse may not become mainstream as fast as its champions expect, if at all. Will it be based on proprietary technology or on open standards? How should firms build their first digital twin and take advantage of the opportunities presented by mixed reality? The Enterprise Metaverse Summit offered informed and nuanced views from forward-thinking companies who are already gaining value from immersive reality.