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Why is the metaverse the new bet for big companies?

Discover why the metaverse is the new bet for big technology companies. Find out how it can transform the business world.
Have you ever imagined being able to interact with friends, bosses and customers through a digital avatar? Even though this reality may seem like something out of a science fiction movie, know that it is closer than ever and is even the new bet from large technology companies.

Known as metaverse, this reality can quickly be defined as a combination of technologies aimed at providing a virtual environment in which people will be able to immerse themselves and connect with a world still under construction.

Do you want to know more about the metaverse, what it is, how it would work and why many companies are betting on this technology? Continue reading.
Metaverse in Business

After all, what can we understand by metaverse?

According to the Forbes Tech news portal , we can understand the term metaverse as a new reality that will replace the internet as we know it. How? It's a concept whose purpose is to integrate various technologies to build a world in which people can break down physical boundaries , such as conversing with people through digital avatars. Today, as we know, we use chat applications to carry out this operation.


Some of the technologies that could be used in the metaverse are artificial intelligence , augmented reality, virtual reality, cloud computing, big data, holography, 4D, 5G, among others.


In other words, the metaverse is like a parallel virtual world where people are represented by avatars , allowing them not only to talk to other people, but also to play games, shop, participate in business meetings, and much more.


One way to better understand the concept of the metaverse is through the game The Sims, which simulates reality, allowing people to talk and interact with each other, build houses, cities, etc.


It's even easier to talk about this in today's world, where remote work and online commerce are booming. However, discussing this topic 15 years ago seemed like nothing more than science fiction.

How does the metaverse work or what is its proposed operation?

As we have highlighted, the metaverse is a technology based on both the concept of augmented and virtual reality, and simulation is fundamental to creating new virtualized worlds for people.


But how do people virtualize these new worlds? It's simple. Access to these worlds occurs in the same way as it does today, that is, with the use of technologies such as virtual reality glasses like MetaQuest from Meta and Apple's Vision Pro, its first "spatial computer" that aims to bring computing to a more integrated and spatial environment and is said to innovate the way we deal with the virtual world, as well as other tools.


What the metaverse will do is allow for greater immersion in these parallel worlds to our own. So, for example, if a person wants to participate in a company meeting virtually, they simply need to activate their digital avatar , which will play the important role of reproducing their words during the meeting. This, it's worth mentioning, can be done without leaving home, while commuting, or while traveling.

Why are companies betting on the metaverse?

Today, naturally, people spend a great deal of time on the internet , whether chatting with friends, visiting profiles on social networks , solving problems or buying products, paying bills, scheduling appointments, etc.


According to TechTudo , a news portal focused on technology topics, Brazilians spend an average of 91 hours online per week, which is almost four full days. Over the course of a year, this equates to 197 days.


It is based on this reality that many companies are betting on the metaverseConsidering that the proposal is for this technology to replace the internet, thus becoming a trend. This is so true that only the Facebook (Meta) invested more than R$ 250 million in the development of the metaverse.


The metaverse can transform the reality of many companies and offer a complete consumer experience , which is yet another reason why large organizations are investing in building this technological universe. How? Below are some examples of changes that this technology will bring about:

  • Shopping experience

    Consumers will be able to visit stores, shopping malls, among other commercial establishments using their digital avatar. In other words, without leaving your home, which can guarantee greater comfort and convenience. By ensuring a good shopping experience to the customer, companies will be able to increase their sales, and thus have more profits.
  • Cost reduction in companies

    By allowing organizations to hold, for example, business meetings in a virtualized way, they will be able to reduce costs. Such as the movement of employees or the maintenance of meeting rooms, there will not even be an increase in the electricity bill due to these meetings.
  • Modernization of meetings

    As we have already highlighted, a company's employees will be able to meet to discuss important business issues in a virtualized way wherever they are.
  • Work format

    Another advantage that could be brought by the metaverse concerns the increase in the efficiency of the remote work. Employees who work in accordance with this regime will be able to immerse themselves in resources more completely and thus achieve better results in their activities.

Is the metaverse already occurring?

The metaverse is a proposal for a more technological world capable of guaranteeing a more complete experience, in which users can enjoy new possibilities . However, it must be said that we still have a long way to go before we are truly experiencing the metaverse, despite the advancement of various technologies such as virtual reality and augmented reality.


Facebook predicts that this technology will only become available in about four or five years. This is because we don't yet have a good network infrastructure, but that's nearing its end. The promise is that 5G technology will fill this gap and better connect organizations and people. It represents a step closer to the parallel world that will be provided by the metaverse.


Now that you know the essentials about the subject, pay attention and prepare your company to take advantage of all the benefits this technology can provide. Increased sales and modernization of operations are just a few of them.


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