Industrial Use Cases Hint of a Future for Metaverse

July 12, 2023
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The Metaverse can provide risk free training for the new industrial workforce. Learn about the initial use cases and future promise for the technology in manufacturing.

Companies that have already deployed industrial metaverse use cases are seeing more reported benefits than those still in the planning phase expect, most notably in capital expenditure reduction (15%), sustainability (10%) and safety improvement (9%), according to a study by Nokia and EY.

State of Metaverse interest

The metaverse at work study shows that companies believe in the power of the metaverse and that metaverse technologies are here to stay. Only 2% of respondents see the metaverse as a buzzword or a fad, while 58% of companies with future metaverse plans have already deployed or piloted at least one metaverse-related use case. Among those who have yet to begin their metaverse journey, 94% plan to do so in the next two years.

Companies also say the industrial metaverse is creating substantial business value.

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