Early Investments in the Industrial Metaverse by Manufacturing Companies

Early Investments in the Industrial Metaverse by Manufacturing Companies

Manufacturing firms‌ are already⁢ investing in a range ⁢of technologies that could⁤ serve as the building blocks for the industrial “metaverse,” but the end​ goal of fully⁢ interconnected, immersive environments⁤ is likely to take longer ‌to realize.

The metaverse ⁣concept has been used in recent years ⁣primarily‍ to describe the development of a ⁤3D⁢ internet, referring to​ virtual environments used ​mostly⁣ — ‌so far —⁢ for entertainment. ⁤The⁣ concept has ⁢gained traction in the industrial sector specifically, ⁢where it’s used as an umbrella term for various existing technologies that can⁣ be combined to digitally ‍replicate real-world objects and processes.

The idea is that accurate simulations of factory ​equipment, for example, would allow manufacturing and other industrial firms to optimize operations without disruption, improve collaboration for staff and external partners, and enhance frontline ⁣employee training. As with the consumer‌ vision of a ‍3D internet, the industrial metaverse concept is ‌a work in progress.

A survey of 350 senior​ leaders⁤ at US manufacturing firms by consulting firm Deloitte⁤ and⁤ the ⁣Manufacturing Leadership Council (a ⁣division of the National Association of‌ Manufacturers), found that almost all (92%)⁤ of manufacturing firms ‍are‍ already⁢ investing in those technologies that ​could⁣ serve ⁢as⁤ the foundation ‌for an industrial metaverse. They include ‌mature technologies‌ such as cloud computing‌ and ⁢analytics, alongside more leading-edge tools such as digital⁣ twins and virtual or⁤ augmented reality devices.

“For us, it’s the blending of multiple pieces together,” said Paul ‍Wellener, a principal at Deloitte’s ⁢US Industrial‍ Products & Construction practice. “We’re seeing that really starting to take place⁤ at scale.”

The majority‌ of these are pilot projects, but some are using the ‍metaverse-related technologies in earnest ⁤too, said Wellener:‍ “We’re seeing a lot of adoption: more than experimentation.”

‌ Deloitte

Percentage⁢ of ‍industrial respondents now implementing or experimenting ​with metaverse technology.

For example, ‍digital twins, 3D modelling and 3D scanning ⁢have been “implemented⁤ and integrated” by a combined total⁢ of 33%⁢ of firms, the survey ⁢indicated. ‍Additionally, 29% are at the​ experimentation stage.

Manufacturing production is the primary area of focus currently. Investments here tend⁢ to center ⁤on⁤ real-time monitoring ⁢and digital twins‍ (implemented by 33%, with a further ‌24% experimenting here),⁣ process simulation (30% implemented and 29% experimenting), virtual prototyping (23%⁢ and 23%) and factory simulation (20% and ​26%).

Other areas of‌ focus include ‌the‌ “talent” ecosystem, such as ⁤immersive training ​and​ virtual plant tours; supply⁢ chain management and ⁢logistics; and ​customer facing systems, such⁣ as immersive customer experiences, virtual maintenance and virtual aftermarket services.

For example, ⁢digital twins, 3D modeling, and 3D scanning have been “implemented and…

2023-09-21 ⁢18:00:04
Original from www.computerworld.com rnrn

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