LONDON–(BUSINESS WIRE)–Arthur D. Little (ADL) today published The Industrial Metaverse, Making the invisible visible to drive sustainable growth, the latest report from the company published under the ‘Blue Shift’ banner. These reports explore the impact of new technologies on business, society and humans.
While the consumer Metaverse has fallen victim to excessive hype, the report argues that the Industrial Metaverse (Metaverse applications for business) offers enormous potential value, enhancing operational efficiency, reducing costs, and improving overall quality. It will rapidly mature to become a market conservatively worth around $400 billion in 2030 but with a potential upside of more than $1 trillion. This growth is driven by advancements in artificial intelligence, complex systems simulation, data visualization, and connectivity.
The report explains how the Industrial Metaverse goes beyond existing digital twin and Industry 4.0 technologies to fully represent end-to-end, real-world industrial systems, including external elements outside the company and the environment within which it operates. This provides decision-makers with unparalleled insight that allows them to better understand the past and forecast the future. The Industrial Metaverse will therefore help companies to deal with the increasing complexity and accelerated pace of development that they face, and is especially valuable for developing effective sustainable growth strategies.