Meta universe is not only a game entertainment in the consumption field, but also can bring many benefits to enterprises. With the maturity of 5G private network technology, the meta universe will change the way of cooperation between enterprises.
And the meta universe is developing rapidly. Last year, the global meta universe market reached 39 billion US dollars, which is expected to surge to 679 billion US dollars by 2030. The development of the universe will bring many benefits to the office space, such as improving remote office and providing more convenience and inclusiveness for disabled employees.
In addition, the combination of 5G private network technology and the innovation brought by the universe will bring many opportunities for various industries, so as to save costs, increase revenue and gain competitive advantages. For example:
Maintenance and repair of heavy industrial equipment
Heavy industries such as manufacturing and logistics need to rely on many complex and interrelated systems and technologies. Because these devices need to operate continuously under harsh conditions, they must be constantly maintained. However, it may be time-consuming and laborious to train new employees to understand the subtle differences between these maintenance tasks in detail, especially when the relevant equipment is not in the area where employees receive training, the difficulty will become greater.
Meta-cosmic tools can overcome these obstacles and help enterprises and institutions train employees efficiently and quickly. For example, through the introduction of digital twin technology in the re refinery, employees can more intuitively see all aspects of the production process and better understand how to combine various technologies. Employees can use augmented reality (AR) and virtual reality (VR) technologies to create their own avatars, so that they can simulate interaction with these systems and maintain them no matter where they are. This not only reduces the time and cost of traditional methods, but also enables employees to explore and research technology and identify areas for improvement without posing any risk to the actual system.
Remote support for field applications
Similarly, IT support and field service technicians can use the meta universe technology to provide remote assistance for field applications. During the epidemic, due to travel restrictions and potential health risks, enterprises could not send people to the scene to provide technical support. Therefore, some enterprises and institutions tried to complete some basic maintenance tasks through remote assistance.
The 5G network with high bandwidth and low delay will greatly improve the feasibility of this method in different industries and enterprises of different sizes. In addition, the technical content of remote support will become higher and higher. For example, complex maintenance and troubleshooting that always require personnel to go to the site can be carried out through remote support in the future. This can not only save operating costs, but also greatly reduce the risk of dispatched personnel contacting unstable equipment or explosive equipment on site.
Support NFT in financial industry
Non homogenous token (NFT) has developed from a buzzword in the blockchain field to a mainstream concept. Many examples in the B2C meta universe highlight the potential of NFT, such as luxury brands Burberry and Louis Vuitton have launched NFT accessories for their video games.
In the enterprise level meta universe, NFT may be applied to foreign exchange transactions and real estate management, for example, there may be property registration based on NFT. This alternative is safer and cheaper than traditional land registration. This may have a significant impact on those who own land but are prohibited from mortgaging or selling land because they do not have property rights. Another possible use case is a virtual stock exchange where companies from different jurisdictions and exchanges can issue NFT shares.
Although most of these and other examples are still in the theoretical stage, they foreshadow the possible situation with the maturity of this technology. NFT will continue to play an increasingly important role in the virtual world and the mixed world of virtual world and real world. It is believed that new economies of scale will emerge.
Only the reliability, low latency and security provided by 5G private network technology can make the meta universe use cases of these enterprises and other enterprises become reality. Although people are keen to discuss how cloud computing can accelerate the development of the meta universe, enterprises and institutions need to recognize that communication technology also plays a fundamental role in it, which is the key.
The unparalleled speed of 5G will make many enterprises’ meta universe use cases come true. Enterprises need to seriously consider how to deploy 5G private networks now, otherwise they may not catch up with the development of the enterprise level meta universe.