Accelerating the evolving digital economy requires an understanding of the emerging technologies that starting to show promise. For example, the Metaverse has been widely recognized as the backbone for the future internet. Simply put, the Metaverse will potentially become one of the drivers of the future digital economy—and AI and automation are playing a part in that.
Managing the Expected Metaverse Boom
The Metaverse is a 3D virtual world in which users can interact with other users and their virtual alter egos, or “avatars.” However, it will take a lot more than unbridled enthusiasm for the Metaverse to jump the chasm and become reality. In other words, if we fail to manage that enthusiasm, which is driving a boom in interest, the Metaverse may fail to deliver on assumed promises.
After Facebook rebranded itself as Meta in October 2021, the company signaled its intentions to dive headfirst into developing the Metaverse. This signal was broadcast to several other internet titans, which prompted them to accelerate their exploration of Metaverse-based business models.
However, the Metaverse is still in its infancy, and everyone has their own interpretation of what it means today and what it will mean in the future. Yet, most of those interpretations are based upon a foundational idea, one that defines the Metaverse as a type of social media, which is in sync with the actual world.
Social media giant, Facebook, has defined a generation and has shifted many people’s perceptions of communication, connectivity, reporting on newsworthy events, e-commerce, and social interaction—all of which have been completely altered by Facebook in the last several years.
The Metaverse, like the internet, won’t be a single item, and it’s unlikely to be controlled by a single company. Instead, the internet’s potential to connect us will be bolstered to a larger extent. Making it possible for us to communicate with one another in a 3D virtual world. A new form of working and earning money is about to enter our lives, and it’s similar to the internet.
Accelerating AI and Automation for the Metaverse
The underlying processes must be constructed to make this possible and to put the Metaverse into operation. In order to take full advantage of the Metaverse’s arrival, organizations need to begin shifting their thinking today. For example, automation and AI development must be accelerated in their digital transformation journey so that the majority of processes can be handled by digital workers. That will allow human employees to shift gears and begin brainstorming on the Metaverse.
RPA, AI, and machine learning will help the Metaverse run and be implemented more effectively by serving as a support system. An organization can’t enter into the Metaverse until all of its operations are streamlined and automated. If you wish to invest in this virtual world while still needing your current task completed, the only option is to automate it and allow your digital workforce to work alongside you.
Individuals can better prepare themselves for the arrival of the Metaverse by learning how to use digital, cutting-edge tools that are available today and will most likely be available in the Metaverse as well. Simply put, now is the time to get ready for when the Metaverse becomes a reality.
In order to create more intelligent virtual and augmented reality environments, AI had to be applied to these mediums. It’s possible for AI to analyze massive amounts of data in a matter of seconds and deliver actionable insights. For instance, enterprise applications can use AI to make decisions, or automate low-touch tasks.
Alternatively, AR/VR combined with AI and the blockchain will be used in the Metaverse to construct virtual worlds that are scalable while still being accurate.
3 Ways to Prepare for the Virtual Era
Let’s remember three key points and prepare for a new virtual era of the Metaverse:
Plan a Strategy
First, identify the gaps that need to be filled and the long-term prospects to build from the Metaverse and its fundamental themes.
One strategy that many companies can use to their advantage is to hire digital native employees who are familiar with the Metaverse’s key concepts and who can take advantage of technical measures, such as making services extensible, developing security and identity plans, and publishing APIs to core systems so other systems can connect.
Deploy Parallel Employees
Here, parallel employees are referred to as bots and a human. Companies need to start adapting the concept of one bot for each individual. With collaborative AI, both can work in parallel and provide higher output in both fields.
The digital transformation journey using AI and automation should spread faster within the organization to create a path for Metaverse implementation. This is the right time to begin as the Metaverse is at an initial stage and will take some time to implement.
Ultimately, without AI and automation, it will be difficult to create an engaging, authentic, and scalable Metaverse experience.
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