The lines between the real and the virtual worlds are blurring with 3D environments getting interconnected and revolutionizing how industries work. The universe created by this interconnection is referred to as the metaverse. Metaverse integrates virtual and augmented realities, and peripherals such as virtual headsets and wearables, to provide real-time interactions and experiences. For instance, Pokemon Go, which integrates VR and AR, lets players act out the game by blending real settings with virtual characters and images. Sandbox is an Ethereum-based virtual world that lets users build, share, and commercialize their creations.
Gartner defines the metaverse as a collectively shared virtual space, facilitated by digital currencies and non-fungible tokens (NFTs), and created by the convergence of the virtually enhanced physical and digital reality. It is not device-dependent but the coming together of different technologies such as VR, AR, IoT, head-mounted displays, AR cloud, 5G, AI, and spatial computing. It is still in its early stages and is constantly evolving. It requires infrastructural remodeling with greater processing power, mature VR technology, and 3D imaging.
Gartner also believes that by 2027, more than 40% of large organizations the world over will deploy metaverse-based projects combining Web3, spatial computing, and digital twins to increase their revenues.
Metaverse-based projects require highly available and scalable infrastructure, and virtual 3D environment hosting requires large storage and computing resources. This is compelling businesses to migrate to the cloud.
Cloud provides the required resilience and flexibility to increase innovations and manage complexities while facilitating immersive experiences. As the metaverse connects people globally, it will also need to be highly secure and constantly evolve to meet newer challenges and requirements with no loss of value. To ensure dependability, scalability, privacy, and security, it will require additional processing, storage, database, and security capabilities.
Due to the mammoth size of the metaverse workloads, generic cloud services will prove insufficient to meet the large storage requirements. The GPU-enabled virtual machine instances provided by the big cloud providers will not be enough to make the virtual space efficient. Some of the possible developments in this space could include:
This is a trend that is expected to mature and be the future of managed services. Metaverse-compatible solutions that will enable businesses to establish their virtual space quickly will prove to be game changers.
Some of the many use cases include:
Gaming: It is already penetrating the gaming industry and enables interaction between players within a single interoperable environment. The Sandbox, Sorare, and Axie Infinity are some successful examples.
Travel and Tourism: For those unable to travel far, virtual tourism is a boon as the metaverse enables immersive digital experiences to be created with AR and VR.
Education and Learning: The learning experience can improve dramatically with the use of VR in the metaverse.
Remote Working: The metaverse has enabled remote working with the use of a virtual business architecture. VR is used to train employees with simulations.
Real Estate: 360-degree view of the property and getting a realistic view of the layout and the room have all been possible because of the metaverse.
Healthcare: Telemedicine and telehealth are powered by the metaverse, allowing patients and doctors to interact in virtual 3D clinics.
Banking and Finance: Blockchain, NFT marketplace development, and similar DeFi cryptocurrency assets rely on metaverse technologies. Banks can also improve personalization experience and data visualization using these technologies.
Social Media and Entertainment: Facebook, which is now Meta, is a shining example of how the metaverse is changing social media. Digital avatars and virtual clones are allowing users to interact in new ways.
Large volumes of data at high velocity need to be processed to render high-quality, 3D content in real-time to create immersive experiences for users. Therefore, it needs high-quality infrastructure to deliver such content.
With edge computing, data processing can be brought closer to the end, enabling the scaling of the metaverse quickly and meeting its low latency needs. This will help to accelerate the adoption of AR/VR and lower the costs.
Also read: Cost Optimization on Cloud for Better ROI
Metaverse is bringing about a change in the way we operate at the personal and professional levels. It can improve interactivity, leading to better engagement with customers, employees, and other stakeholders. It can help to conduct virtual events and tours to expand one’s reach, to enable customers to assess products they wish to buy – be it clothes, accessories, or even a house – using AR/VR. It can help to improve brand building and leverage blockchain for commercial transactions.
Indium Software is a cutting-edge technology solution provider. The company works closely with our customers to understand their business needs and deliver bespoke solutions. We leverage our experience and expertise in the latest technologies to create next-gen solutions and accelerate growth.
Our team of experts across domains works together closely to deliver metaverse-based solutions to improve outcomes.
By Uma Raj
By Uma Raj
By Abishek Balakumar
Indium Software is a leading digital engineering company that provides Application Engineering, Cloud Engineering, Data and Analytics, DevOps, Digital Assurance, and Gaming services. We assist companies in their digital transformation journey at every stage of digital adoption, allowing them to become market leaders.