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The Future or Simply a ‘Buzz’?
The Metaverse is deemed as the future of the Internet or to be exact – a cyberspace. Still in its nascent stage, its capabilities have yet to be unfold. The Metaverse that we know now may not even be close to the version we will experience in the future – just like the Internet in the 1970s, which has definitely evolved to what it is today.
There are several versions on how people see the Metaverse now. To some, it could be a single, universal and immersive virtual world that combines the usage of virtual reality (VR) and augmented reality (AR) devices to bring human experience to the next level or, a Web3 framework for economic interoperability, or a creative platform for an immersive user experiences and social connections.
The Metaverse aims to be a centralised virtual world, running in parallel with the actual physical world. As the world awaits to see the outcome of the synthesis between both worlds, companies should start experimenting with disruptive technologies that can enrich user experiences through artificial intelligence, blockchain, cloud, IoT and virtual reality. Digital transformations must happen now if the company wants to tap into the full potential of the Metaverse.
Point to note – digital transformation is not an easy feat, but it is achievable. The formula for success: (1) a clear digital vision and strategy with (2) full support from all levels of management and board of directors, (3) a good and proactive digital leader to drive the transformation and (4) an agile culture as the foundation.