VR

As we begin to grow increasingly familiar with the concept of the metaverse, financial institutions are faced with multiple opportunities to maximize its potential – both for the end customer and for employees. While there will still be hurdles when incorporating the metaverse into commercial strategy, the value and competitive advantage of early adoption far outweigh the challenges.

The metaverse is set to revolutionize the way businesses and people interact with each other. And though we might be still a few years away from what is close to a ‘finished product’, it’s not too soon for companies to start preparing for what’s ahead.

As we approach the era of the Metaverse and XR, leaders can benefit from deepening their understanding of the opportunities, challenges and entirely new dimensions of business that will become an integral part of our professional lives in the next decade. While mass adoption is not yet widespread, the journey has already begun – and for early movers and enablers, the rewards could be significant.

When we think of the metaverse, we should not think of a hypothetical world but of a certain future. Technologies including augmented reality, IoT, cybersecurity and blockchain come together to form this new virtual space, and the opportunities for businesses and consumers alike are plentiful. But rather than trying to replicate the current world, we must be brave and creative in imagining a new one.

The impact of the pandemic and advancing technologies have made designing the future workplace a complex task. As well as focusing on flexibility and comfort, a good workplace design must support collaboration, interaction and innovation – and have connectivity at its heart. The interoperability and opportunities presented by the metaverse may hold one of the keys to overcoming legacy problems and providing your employees with the best possible experience.

Innovation in technology has great potential in helping to provide accessible, tailored learning for every child. Through our AIDA project, we created a unique system that could give caregivers and educators the information they need by bringing together elements from design, AI, IoT and VR.