Ladies and gentlemen, hold on to your hats because the future of commerce is about to take a major leap into the Metaverse. That's right, according to a recent Accenture report, the Metaverse is poised to create a whopping USD 1 trillion commerce opportunity by 2025. But it's not just all fun and virtual games, the report emphasizes that the true potential for the Metaverse lies in its use for industrial enterprises, at least for now.
Some of the biggest names in the business world are already hopping on the Metaverse bandwagon, with companies like BMW investing in digital twin technology to build a virtual representation of their factories. Using NVIDIA's Omniverse Enterprise platform, BMW can now test out changes to their manufacturing process with virtual humans, optimizing workflow and ergonomics before putting them into practice.
As for artificial intelligence (AI), the report states that it's at a turning point, becoming increasingly human-like in its capabilities and intelligence in the areas of vision, language, and reasoning. The technology is already making waves in industries such as manufacturing quality control and autonomous mobility. And let's not forget about language, with advanced models like GPT3 and ChatGPT revolutionizing the way we engage with customers, create content, and search for information.
To truly succeed in the AI game, companies need to constantly build upon their data and knowledge, staying agile and responsive to changes in the market. A survey of over 1,500 top executives and data-science leaders revealed that companies who adopt next-gen AI and advanced computational methods are 2.6 times more likely to increase revenue by 10% or more.
The good news is, nearly 75% of companies have already integrated AI into their strategies and have adjusted their cloud plans accordingly. The bad news? Only 12% of those companies are effectively scaling their AI experiments for maximum performance and growth. So, let's all strive to be in that exclusive 12% club, shall we?