Shaping the Future of a $100 Billion Industry, Insights from Siemens and MIT Technology Review’s Report and Webinar

The metaverse is a concept that has been around for a while. For many years, it has been investigated in science fiction, video games, and popular culture. But, recent technological developments have moved us a step closer to a metaverse that may be put to use in industry. A research report by Siemens AG and MIT Technology Review, released today, explores this idea, known as the industrial metaverse.

The report focuses on how the industrial metaverse could alter supply chain and production processes by opening up new possibilities for industrial cooperation, personalization, and optimisation.

The research also identifies some of the difficulties that businesses can encounter such as education gaps when putting the industrial metaverse into practise.

Notwithstanding these obstacles, the study contends that businesses that adopt the industrial metaverse may have a significant advantage with the industrial metaverse valued at $100 million by 2030

Simultainoulsy today,  Siemens and MIT Technology Review also hosted a webinar to delve deeper into the industrial metaverse and this report.

Peter Körte, Chief Technology Officer and Chief Strategy Officer of Siemens, and Michael Grieves, Executive Director of the Digital Twin Institute, both spoke during the webinar. The presenters talked about the research report’s results and offered their perspectives on the industrial metaverse’s potential for supply chain and manufacturing operations. Hundreds of participants from all over the world joined the webinar to learn more about this cutting-edge technology, and it was a huge success.

In conclusion, the industrial metaverse will revolutionise supply chain and production processes by presenting fresh possibilities industry, Notwithstanding the difficulties, there are substantial potential advantages. Businesses who use the industrial metaverse may have see tremendous growth in a market that is undergoing fast change.

Check out the report here and the webinar.