Metaverse to change the future of work
Metaverse is virtually shaping the world of work. It creates more opportunities for workers in and outside of the office as well as makes some jobs a lot easier. The metaverse promises to bring new levels of social connectedness, mobility, and collaboration to a world of virtual work. The metaverse is poised to reshape the world of work in at least four major ways: new immersive forms of team collaboration; the emergence of new digital, AI-enabled colleagues; the acceleration of learning and skills acquisition through virtualization and gamified technologies; and the eventual rise of a metaverse economy with completely new enterprises and work roles. The metaverse also opens up new possibilities to rethink the office and work environment, introducing elements of adventure, spontaneity, and surprise. A virtual office doesn’t have to be a drab, uniform corporate environment downtown; rather why not a beach location, an ocean cruise, or even another world? Our work colleagues in the metaverse will not be limited to the avatars of our real-world colleagues. Increasingly, we will be joined by an array of digital colleagues — highly realistic, AI-powered, human-like bots. The metaverse could also revolutionize training and skills development, drastically compressing the time needed to develop and acquire new skills. While still in its early stages, the emergent metaverse provides an opportunity for enterprises to reset the balance in hybrid and remote work, to recapture the spontaneity, interactivity, and fun of team-based working and learning, while maintaining the flexibility, productivity, and convenience of working from home.
We are seeing how the Metaverse can help build business brands and how it’ll bring the opportunity for the job seekers. Metaverses are immersive 3D digital worlds based on virtual reality gaming experiences. Multiplayer online games such as Fortnite already have many of the elements that make up a metaverse, including the ability to buy
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5G and 6G will change consumers life with Metaverse and AI
The world continues to witness more innovations and use cases leveraging 5G technology. 5G and even 6G technology is at the core of emerging technologies such as Metaverse, Artificial Intelligence, cloud computing, and more that are set to disrupt the world. In the coming days, we will witness AI, VR, AR, 5G, and blockchain may converge to power the metaverse. The metaverse concept has wide-sweeping potential. On one level, it could be a 3D social media channel with messaging targeted perfectly to every user by AI. That’s the Meta vision. It also has the potential to be an all-encompassing platform for information, entertainment, and work like social space and live network space where games, music, movies, and anime intersect. The metaverse is one where people come together to share “time and space” – a virtual concert. With the invention of the 6G network, which is capable of delivering speeds of 1 terabyte per second or 8,000 gigabits per second. 5G and immersive technology is fundamentally changing the way we live, work and consume information and media. Now’s the time to bridge the gap between the digital and physical worlds. Consumers are eyeing towards newer experiences with gaming. With 5G rolling out and mobile and cloud gaming on the rise, opportunities to further expand the gaming market are mounting. 97% of executives in a new study believe the gaming industry is central to the development of the metaverse, and 48% said metaverse will change gaming company business models and drive revenue while also giving brands new opportunities to build relationships with their customers.
Today’s networks are often not up to speed. And even when downloadable games are used, which need minimal bandwidth, games still need very low latency to be enjoyable. For service providers, app coverage for low-latency demanding services needs to be on the table when planning for and launching a gaming service targeting mobile use. 6G (sixth-generation wireless) is the succਦੁਆਰਾ VARINDIA | 95 ਵਿਚਾਰ
How is Metaverse going to affect the Kids future?
The metaverse, a combination of spatial computing and the Internet, aims to create 3D virtual worlds and incorporate several key emerging technologies such as the blockchain, cryptocurrencies, AI, cloud and edge computing, among many others. Today, every new age of digitization comes with privacy challenges. We already have privacy concerns when we browse the web. The technology that is already tracking our behaviour online will also exist in the metaverse, and the tracking is likely to become even more invasive and intense. The Metaverse could possibly replace in-person physical interaction to an extent: During the pandemic, many users turned to the Metaverse for social activities and gatherings, even conducting entire weddings inside the platform. In the future, it could become as important as social media is to our lives today. Global populations have wondered whether artificial intelligence (AI) will take over human operations, automation will replace all jobs, and remote work will destroy physical offices for good. Now, with companies like Decentraland, The Sandbox, and others in development promising real and inhabitable metaverse platforms, what does this mean for the future of real-world connections? Internet users worldwide already spend enormous amounts of time online and devote significant efforts to boosting their online presence for both social and professional purposes. Once the Metaverse transforms the internet into a three-dimensional virtual space, could it do away with the need for a physical world altogether?
The tech companies who have invested huge amounts for developing the technology and platform into Metaverse say, For kids, this means endless opportunities for socializing, learning new skills and exploring their interests. Minecraft, for example, is already being used in learning environments to expose children to different cultures through the Metaverse. With this, Kids can truly benefit from the Metaverse, whether they are playingਦੁਆਰਾ VARINDIA | 68 ਵਿਚਾਰ
How is the future holds for Metaverse in 2022
#Vedanta #Semiconductors #Cisco
Many different technologies are used for the metaverse. It uses augmented reality, virtual reality, and video tools. The concept of Metaverse is that people in digital space are digitally together. The metaverse offers investors the potential to stake a claim in an evolving virtual universe . Metaverse can be used in different locations. From the gaming sector to meetings and interacting with each other, it is going to be included. Simply put, a world where you will have an identity – you will be at home, but your avatar is going to be in Metaverse. People can meet, talk and gaming in the digital space through their avatar sitting at home. People can even make virtual trips around the world through their avatar slot in the digital space. Facebook has done a lot of work on metaverse. The term ‘metaverse’ was coined by Neal Stephenson in a science fiction novel [“Snow Crash”] almost 30 years ago,” wrote Koduri. “In recent years, metaverse has come to represent a utopian convergence of digital experiences fueled by Moore’s Law – an aspiration to enable rich, real-time, globally-interconnected virtual- and augmented-reality environments that will enable billions of people to work, play, collaborate and socialize in entirely new ways. The metaverse is “a whole new 3D interactive internet and creates augmented reality experiences for brands and retailers . It’s like an internet that’s everywhere, not just accessible via phones and computers. We can say it’s kind of the internet of life instead of the internet of things. Tech titans will begin competing for metaverse market dominance in 2022 and non-tech brands will continue to explore how metaverses could deliver operational improvements, according to GlobalData.
In 2022, gaming companies will invest in the metaverse to expand their already substantial user base to create even wider communities. Niantic, known for augmented reality (AR) game Pokemon Go, and Fortnite developer Eਦੁਆਰਾ VARINDIA | 96 ਵਿਚਾਰ
The future of digital is trending towards Metaverse | Technology | VARINDIA News Hour
The future of digital is trending towards Metaverse | Technology | VARINDIA News Hour
The #metaversetechnology is poised for rapid growth that will open up opportunities for the marketers and it can be helpful to first think of any shared, virtual space: everything from a chat room to games like Minecraft and Fortnite. While these spaces differ in terms of the richness of the virtual experience – text, audio, video, visual detail, sense of space, actions you can take, etc. – what they share is the opportunity for multiple, if not millions, of people to simultaneously connect within an online environment. The COVID-19 outbreak has brought a positive impact on the metaverse market and is driving the increasing interest in the metaverse concept. People began to work remotely while students shifted to online classes and the need and demand for convenient channels or approaches to make online interaction more realistic emerged. The crisis has speeded the emergence of virtual communities as key lifestyle areas for locked-down users which include gaming landscapes and also increasing adoption of mixed reality. The convergence of 5G, artificial intelligence, and edge cloud processing will soon make it easier to deliver more seamless, enjoyable, and cost-effective AR/VR experiences across a variety of connected devices. Just like the internet, industry insiders are predicting the metaverse will become a necessity for all brands.
Metaverse is making headlines in technology, there’s a boom in metaverse crypto projects, each viewing to shape the future of both metaverse crypto projects and the nature of digital real estate. It’s the Gen Z, or someone with higher digital maturity. While we may make our purchases by making a few clicks, the coming generation will definitely want something which is more engaging and immersive.
The metaverse is indeed a virtual reality, but it’s not quite the same thing as what you’ve seen in science fiction blockbusters.ਦੁਆਰਾ VARINDIA | 103 ਵਿਚਾਰ
Work From Home, May Not be a Success In The Future Of Work Place
Work From Home, May Not be a Success In The Future Of Work Place
Work From Home, May Not be a Success In The Future Of Work Placeਦੁਆਰਾ VARINDIA | 46 ਵਿਚਾਰ
The Next Trillion-Dollar Business Metaverse to bring revolution
The development of blockchain technologies has resulted in a sweeping revolution across financial markets, empowering individuals instead of institutions and channeling ownership of data and funds to their holders. The qualities of the blockchain — immutability, full transparency and the trustless nature of operations — have permeated many industries, swooning the balance of business orientation from centralized corporate reliance to decentralization. This shift in the basic concepts that govern relations between participants to transactions, facilitated by smart contracts, has not gone unnoticed in the creator economy. As per Cointelegraph, with the decentralized finance and GameFi sectors marshalling across their respective industries and detracting droves of users from conventional approaches to banking and gaming, it was only a matter of time before influencers and content creators decided to shift the paradigm in their operating environments. The content creation model has been altered forever with the incorporation of blockchain technologies that allow users to incentivize content creators, while creators can actually monetize their talent without having to share the proceeds with centralized, often-unfair hosting platforms.
The development of metaverses —simulated digital environments that combine augmented reality, virtual reality, blockchain, and social media principles to create areas for rich user interaction that mirror the actual world. Never before has talent had access to such an advanced set of tools to embellish even the bravest of ideas on the threshold of the real and digital worlds. The internet is generally a two-dimensional experience but with metaverse, you can scroll and browse through the Internet not only on a single screen but take a three-dimensional look. Besides scrolls and browsing, you can also walk through the internet by using some accessories like handsets and glasses attached and connected to it. The metaverse offers limiਦੁਆਰਾ VARINDIA | 92 ਵਿਚਾਰ
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 potentialਦੁਆਰਾ VARINDIA | 72 ਵਿਚਾਰ
Cybersecurity lurking over Metaverse
We are entering into another new age technology for digital exploration through metaverse, a concept that is gaining heavy traction. Assuming widespread adoption, with this people can connect online in enhanced ways, it opens up new attack surfaces for cybercriminals. Now major technology companies are reinventing the challenges associated to secure the metaverse and how cybersecurity vulnerabilities in the metaverse compare to those encountered by current internet users. Facebook plays a large role in connecting people online, but the concept of a metaverse goes far beyond a Facebook group or Facetime call. The metaverse enables companies to create “digital twins” that can use data and algorithms to influence decisions made by executives in real life. The metaverse is defined as a digital world that combines virtual and augmented reality. Individuals will navigate this online world – which can be identical to the real world or based on imagination, or some combination of both – by using digital avatars. Digital avatars and virtual reality headsets give a deeper glimpse into users’ real lives than anything that could have been expressed in social media. The intimate nature of the metaverse and the data it creates will provide ample opportunities for cybercriminals.
Some of the cybersecurity challenges with this new tech will be similar to what we are already familiar with on the internet. The continued rise of cybercrime has revealed just how lucrative it can be to hack into a company or an individual’s online accounts. However, along with the normal phishing, malware, and hacking we are familiar with, the metaverse will likely bring entirely new cybercrimes because of its infrastructure. The metaverse platform can also be a vulnerable digital ecosystem—where privacy issues, data breaches, and security risks could lurk behind its virtual spaces. Risk always happens when integration between these key components is not well-thought ouਦੁਆਰਾ VARINDIA | 95 ਵਿਚਾਰ
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
0:00 Intro
2:17 After Outlook faces outage, Microsoft finds baਦੁਆਰਾ VARINDIA | 79 ਵਿਚਾਰ
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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 Processingਦੁਆਰਾ VARINDIA | 898 ਵਿਚਾਰ
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 misinformationਦੁਆਰਾ VARINDIA | 295 ਵਿਚਾਰ
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 Fraudsਦੁਆਰਾ VARINDIA | 243 ਵਿਚਾਰ
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My interview with Jan Man India
Here is my interview with Shri Sudhir Raval on Jan Man India Channel.
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Address by Sh. Rajeev Gupta, Secretary, Youth Affairs at "International Yoga Seminar"
Address by Shri. Rajeev Gupta, Secretary, Youth Affairs, Ministry of Youth Affairs & Sports, at the "International Yoga Seminar" organized by "Shri Ram Chandra Mission" in April, 2016
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Technical Session V, Q&A
Global Summit 2020 "Mission 5 Trillion – CMA as a Cryogenic Force"
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NTPC Empowering through Self Employment Opportunities (Updated Version, 11.10.2019)
NTPC is the largest power generating company of India that also works towards enhancing and bringing qualitative changes in the communities around its projects. One of the key focus areas by which NTPC is bringing change in nearby communities is empowering women by providing them training in various areas for self employment .
This is story of Sridevi from Telangana- her transformation from a diligent housewife to a successful entrepreneur.
A success story of empowerment with help of NTPC’s CSR initiative.
Watch NTPC Empowering through Self Employment Opportunities (Updated Version, 11.10.2019) With HD Qualityਦੁਆਰਾ NTPC Limited | 7190411 ਵਿਚਾਰ
India - USA Trade Statistics
Comparative Trade Statistics for the Years 2013 & 2014
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India observes Independence Day with patriotic fervour
Prime Minister Narendra Modi
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