Adoption of Metaverse, long miles to go
The #metaverse represents the next step in the evolution of online interaction. Prior to the COVID-19 epidemic, online communities had already begun to displace their in-person counterparts. Now we are witnessing most of the enterprises insisting on the on-premise work or hybrid work style. Virtual style of working fever is getting washed off.
The metaverse, a modern technological marvel, offers a great virtual location for collaborative online activities. The popularity of these digital gatherings is rising rapidly because of the numerous mind-blowing benefits it offers. With this, individuals can create their own metaverse platforms for hosting events and discussing company growth plans. However, everyone prefers physical interaction, whereas traveling or physical presence is the bottleneck.
Metaverse gaming stands out as the most exciting and original of the current crop of business concepts. Extreme expansion is possible by 2023 and if you're a new company or an entrepreneur with lofty goals then the Concepts for games set in the metaverse may prove ideal.
The NASSCOM released a study with McKinsey & Company as knowledge partners, titled “Metaverse – Prepare to win” states that, while at-scale Metaverse adoption is likely to be 8-10 years away, and majority implementations are at POC or MVP stage, the space is witnessing strong early adoption. Enterprise Metaverse adoption maturity trends are similar to AI trends back in 2017.
In a survey conducted by McKinsey & Company, 57% CXOs in 2022 have Metaverse initiatives underway, both long- and short-term, compared to a similar survey conducted on AI adoption maturity in 2017.
Enterprises are starting to implement metaverse use-cases across the value chain. By 2030, sectors such as retail, manufacturing, media, healthcare, telecom, professional services and banking are likely to be major spend drivers of enterprise use cases in metaverse.
The potential
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Technology
Adoption of Metaverse increases
The metaverse is a fast-growing trend with a considerate penetration rate of users for various applications such as gaming, content creation, social interaction, learning & training, and online virtual shopping.
Major factors expected to drive the revenue growth include a growing focus on integrating digital and physical worlds using the Internet, increasing momentum and popularity of Mixed Reality, Augmented Reality, and Virtual Reality.
Today, several e-commerce players are adopting digital world services to showcase the products in the virtual world to gain real-world experience. There are leading players in the metaverse industry who are investing heavily into these areas. Going forward, 5G will effectively support the Metaverse and make it possible for digital words to function.
The growth is complementing the surge in online video gaming adoption and rising consumers preference for online shopping of retail products. A report says, the global gaming audience for e-sports is projected to reach 646 million by 2023. Such an increase in the gaming audiences has created a massive demand for the services market.
American multinational investment bank Goldman Sachs, calls metaverse a $8 trillion global opportunity by 2025 with India's own Metaverse-non-fungible technology economy—already worth an estimated $50-100 million annually— and is expected to touch $100 billion by 2025.
The report said that globally brands are already spending 2-5% of their digital budgets on NFTs (the most successful element of metaverse till date), and that could touch 30-40% in the next five years.
Notably, companies, especially those in non-tech sectors, are now increasingly investing in the technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams.
Today's Headline in NewsHours
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2:17 After Outlook faces outage, Microsoft finds baBy VARINDIA | 34 views
Adoption of Metaverse continues to grow
The adoption of the #metaverse is increasing as more and more people become interested in virtual environments and immersive experiences. The potential economic impact of the metaverse is difficult to predict with certainty, as the concept of the metaverse is still evolving and there are many factors that could influence its development and adoption.
There is no doubt that the metaverse has the potential to be a significant contributor to the global economy. Some companies, particularly those in the gaming industry, have already established a strong presence in the metaverse through virtual worlds and platforms like Second Life, Roblox, and Fortnite. In addition, major tech companies like Facebook and Google are investing heavily in the development of virtual reality and augmented reality technologies, which are key components of the metaverse.
Today's Headline in NewsHours
0:00 Intro
2:35 #Truecaller opens its largest office outside Sweden HQ in Bengaluru
3:13 Nepalese Prime Minister’s official Twitter account hacked
3:48 #Google to discontinue its AI Glass amid rising costs
4:20 Centre says Twitter can’t have freedom of speech and expression protection under Article 19
5:00 Indian scientists, engineers acquire 100 patents for #6Gtechnology
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Adoption of Metaverse continues to growBy VARINDIA | 34 views
????LIVE:Goa Miles VS Local Taxi Operators- Press Conference by Goa Miles
????LIVE:Goa Miles VS Local Taxi Operators- Press Conference by Goa Miles
Watch ????LIVE:Goa Miles VS Local Taxi Operators- Press Conference by Goa Miles With HD QualityBy ingoanews | 463 views
Govt Firm On Goa Miles, Sopte Urges Cabbies To Try Goa Miles For A Month
Govt Firm On Goa Miles, Sopte Urges Cabbies To Try Goa Miles For A Month #ingoanews #goamiles #dayanandsopte #goataxi
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Goa miles vs Local taxi issue hits up again. Local taxi drivers restraint Goa miles taxi at Anjuna.
Goa miles vs Local taxi issue hits up again. Local taxi drivers restraint Goa miles taxi at Anjuna.
Goa miles vs Local taxi issue hits up again. Local taxi drivers restraint Goa miles taxi at Anjuna.By ingoanews | 133 views
Goa Miles V/s Taxi Owners: Video Shows Churchill Alemao Instigating Crowd To Break Goa Miles Taxi
Goa Miles V/s Taxi Owners: Video Shows Churchill Alemao Instigating Crowd To Break Goa Miles Taxi #ingoanews #churchillalemao #goanews #colva #goamiles
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Long night? Long day? Fix your puffy eyes the Beauty Kitchen Way!
Hey there beauty Kitchen junkies! It's summer time so that means more going out more, more long days and nights and also that means less sleep! With my tip here you can rock like champ and wake up with NO PUFF on your eyes!!! This tip works before bed, when you wake up ( I do this while I watch the am news for 20 mins while I am still in bed!!!) and anytime during the day or night. I also think its a good idea to keep an ice cold water glass with the Chamomile Tea Bags in the fridge!
By Anamika Sharma | 3619 views
Long queues at banks, ATMs after long weekend
Long queues outside banks in Delhi and the National Capital Region (NCR) were a common sight on Tuesday as they opened after a gap of three days.
By iansindia | 10317 views
Haircut tips for Long hair- All About My New Haircut With Fringes & Long Layers Step by Step
Hey guys, the much awaited video is here, i filmed the whole process step by step for you to see.. This video has detailed steps from straight to finish of my New Haircut with fringes and long layers! This will also give you some haircut tips for thick and long hair! So, incase you want to know anything regarding my haircut this video will have it all.
I hope this helps you! Love you all..
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AI is used Towards Client AI Processing
#Artificialintelligence is increasingly being used for client AI processing. This means that AI models are being trained and deployed on client devices, such as smartphones, laptops, and IoT devices. This has a number of advantages, including, Reduced latency, Improved privacy and Reduced bandwidth usage.
Traditionally, AI processing has been conducted by massive clusters of servers in the cloud or data centers. This is because AI models can be very large and complex, and they require a lot of computing power to train and run.
AI is used Towards Client AI ProcessingBy VARINDIA | 489 views
Can Google’s tools combat online misinformation
#Google's efforts to combat misinformation are important because misinformation can have a negative impact on society. It can undermine trust in institutions, lead to violence, and harm democracy. By developing new tools and initiatives, Google is helping to make the internet a safer and more informed place for everyone.
Google has recently unveiled three new tools to combat online misinformation:
· About this Image: This feature, which was initially unveiled earlier in 2023 and is now available globally to English-speaking users through Google Search, provides information about images, including their history, descriptions by users, metadata, and clear indications if an image is generated by AI. Google's AI-generated images are also clearly labelled.
· Fact Check Explorer: This tool allows journalists to verify images by tapping into information from independent organizations.
· AI-generated source descriptions within the Search Generative Experience: This feature provides original sources and insights from reputable publications, which are accessible through the "More About This Page" section in search results.
Can Google’s tools combat online misinformationBy VARINDIA | 205 views
Increasing online Frauds
Recent developments in the technology landscape, including the acceleration of automation, artificial intelligence, and the digitization of industries, are transforming the nature of work. These challenges have immediate and far-reaching implications for India's economy, society, and future prospects.
The Tech Tsunami, characterized by rapid technological advancements, has the potential to drive unprecedented growth and innovation. However, if not harnessed effectively, it could lead to job shrinkage, job displacement and job reduction further leading to increased economic inequality.
Today's Headline in NewsHours
0:00 Intro
3:07 Online gaming firms sent tax notices worth INR 1 lakh cr
3:36 Government plans to introduce regulatory sandbox for OTT apps
4:05 #Microsoft pulling the plug on its metaverse project
4:33 #HMD Global to manufacture own brand of smartphones in India in 2024
5:00 #TechMahindra’s CEO designate Mohit Joshi announces restructuring
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Increasing online FraudsBy VARINDIA | 192 views
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GAIL bringing INDIA together
GAIL India increasing it's capacity and serving all over INDIA.
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Blatant Violation of model code of conduct in Odisha
Blatant Violation of model code of conduct in Odisha
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India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
(Top 25 Products)Watch India - USA Trade Statistics With HD QualityBy Indian Trade Portal | 467899 views
IRCTC 11
CRPF signed an MoU with the IRCTC on Railway Reserved e-ticketing system
Watch IRCTC 11 With HD QualityBy CRPF India | 1123951 views
Launch of Gujarat Election Campaign in Ahmedabad
Launch of Gujarat Election Campaign in Ahmedabad.
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Launch of Gujarat Election Campaign in AhmedabadBy Indian National Congress | 170870 views
India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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Delhi Water Crisis: Atishi के अनशन का आज दूसरा दिन, ब्लड प्रेशर, वजन, शुगर लेवल में गिरावट | AAPBy PunjabKesari TV | 159 views
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