MIT Technology Review and Siemens AG have announced a joint venture focused on the rise of the metaverse in the industrial sector. Underlying this partnership is the MIT Technology Review InsightsA new industrial metaverse.

Aimed at those making technological choices, this report delves into how the industrial metaverse began and studies its key parts. These include use cases, challenges, opportunities, and business implications. Additionally, MIT Technology Review Insights has spoken with a number of experts to create useful ideas and ways for companies to succeed in the industrial metaverse.

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Source MIT Technology Review Insights

Collaboration for the industrial metaverse

An MIT report details how the industrial metaverse will bring together the digital and physical realms to revolutionize industries. At the heart of this transformation is the digital twin, the fundamental building block of the metaverse.

Annika Hauptvogel, Head of Strategy for Technology and Innovation Management at Siemens, affirms:

According to Michael Grieves, Executive Director of the Digital Twin Institute, by focusing on clearly defined goals, such as reducing waste or speeding up product development cycles, companies can ask themselves, ‘What’s real, what’s real?’ is not real and what is hype.” ”

Source MIT Technology Review Insights

The Industrial Metaverse and its Impact

March 30th, MIT Technology Review presents these strategies and more in a special live-streamed session featuring Grieves and Peter Körte, CTO and Chief Strategy Officer at Siemens.

Together, we provide key insights into the factors shaping the industrial metaverse and their likely impact, and how, when and where to join the movement. We also discuss measuring success in the age of digitally addressing real-world challenges.

Join the conversation with MIT Technology Review and Siemens on March 30th. They provide a thought leader’s perspective that separates fact from fiction, helping organizations embark on their own metaverse journeys.

By Jules

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