Top 6 reasons to why Metaverse the future of “Virtual interactions”?

Top 6 reasons to why Metaverse the future of “Virtual interactions”?

Metaverse News
July 21, 2023 by Diana Ambolis
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Five billion people are online, 27 years after the Internet was first commercialized. Web 1.0 and 2.0, the first two phases of the Internet, were somewhat conservative compared to what Metaverse can now give us in the form of virtual interactions. We are currently on the cusp of Web3 and the metaverse, two online realms
Top 6 reasons to why Metaverse the future of "Virtual interactions"?

Five billion people are online, 27 years after the Internet was first commercialized. Web 1.0 and 2.0, the first two phases of the Internet, were somewhat conservative compared to what Metaverse can now give us in the form of virtual interactions. We are currently on the cusp of Web3 and the metaverse, two online realms where transactions are recorded on the blockchain and driven by AI. The way people interact with the world will change by 2026 thanks to Web3 technologies like digital twins, smart environments, virtual and augmented reality, and sophisticated virtual assistants. In fact, by that time, 30% of global firms will have services and products prepared for the metaverse.

A digital, artificial intelligence (AI) platform called the metaverse offers users an immersive 3D user interface. Conversational, AI-powered, and human-like avatars are added to enable natural dialogues across many modalities. When viewed from this perspective, the metaverse is a certain progression of conversational AI like Alexa, fusing with the 3D world of video games and other convergent technologies like VR and blockchain. It seems obvious that conversational AI will be crucial in accelerating Web3 and the metaverse’s growth.

The Metaverse’s Possibilities

The metaverse is a superb concept that has generated a lot of buzzes since it would merge our online and offline existence. Before the Internet of Things (IoT), augmented reality (AR), artificial intelligence (AI), and spatial technologies are connected into an immersive digital environment, the metaverse will not be completely realized. In contrast to the “walled gardens” we currently witness in social media and other forerunners of the metaverse, a large portion of the tech sector is asking for that platform to be decentralized and interoperable from an ideological standpoint.

The metaverse will affect various industries, including communications, media, retail, manufacturing, education, and banking. It will revolutionize jobs in product and service marketing, branding, and sales as the next frontier for online connection. It is estimated to provide a trillion-dollar income opportunity.

New interactions and business models across various applications will replace device-dependent interactions as they become less common. Gaming, virtual teamwork, navigation apps, social networking, and fungible and non-fungible tokens are a few examples of early-stage solutions. Additionally, the real-time multilingual capabilities of conversational AI will eliminate language boundaries and promote connection across the globally interconnected metaverse. Businesses can connect with, interact with, and reward customers using the metaverse to establish new value-based relationships and revenue streams.

Artificial Conversation in the Metaverse

According to Big Tech experts, the metaverse will succeed mobile as the primary medium for customer care. We can see how conversational AI will only become more crucial, especially when it comes to improving employee experiences if we observe how mobile messaging apps have evolved as a go-to channel for customer support.

6 reasons why Metaverse and AI will be very important in the virtual interaction for these industries:

  • Immersive experiences in retail and commerce: With companies like Nike, Ralph Lauren, and Gucci already hopping on the bandwagon of digital-only clothes and accessories, retail can expand its reach to an immersive shopping experience that allows for more complicated products. Dynamic AI agents would act as personal shopper stylists, controlling inventory of virtual property, promoting intelligent upselling and cross-selling, and enabling self-serve inquiries.
  • Manufacturing industry benefits from the industrial metaverse: The manufacturing industry benefits greatly from the industrial metaverse. This includes employing simulations to improve products before deployment, using AR/VR to repair equipment, and training workers more quickly and safely. Avatars with conversational AI capabilities will be essential in this situation, guiding the workforce through complex and organic interactions.
  • Digital wayfinding: When designing wayfinding for a theme park or stadium, there are a few fundamental concepts to keep in mind so visitors can find their way around. A successful visitor experience is only one factor in determining the worth of an effective wayfinding system. You should also consider making the most of the customer’s route and dwell time. Conversational AI can turn this complete experience into a strategic route, making and creating a wayfinding “narrative” that guarantees visitors are aware of what products/attractions/facilities are available and possibly boost income. 
  • Next-generation classrooms: Visualize being able to “teleport” within any given interface or program, from a history lecture hosted in Ancient Greece to an astronomy class held on Mars. Metaverse experiences will likely pave the way for new business models to optimize these new use cases, greatly enhancing interactivity in learning through authentic human-like interactions with digital avatars, even though they won’t completely replace digital interactions via app websites and other means.
  • Experiential virtual events: The metaverse can make virtual events more immersive and collaborative. Just consider the metaverse enabling simultaneous rock concerts at ten different sites around the globe. As an illustration, at Travis Scott’s Fortnite concert, over 12 million live viewers saw his skyscraper-sized avatar engaging with them. Through the use of digital avatars that enable captivating audience encounters at scale, regardless of time, region, or language, conversational AI will further improve this experience.
  • Improved virtual workplace collaboration: The metaverse will close the gap between in-person and remote working, contributing to the future of hybrid workplaces. Every employee in the metaverse will receive assistance from conversational AI-powered personal assistants who oversee organizing meetings, taking notes, and managing standard employee engagements. AI will also enable humans to concentrate on their creative work by handling more tedious and repetitive duties.

Also, read –How Do You Create Your Own Virtual World in the Metaverse?

While it is unclear exactly what shape the metaverse (or metaverses) will take, current technologies are combining to create the Web3, which will be an even more linked world made possible by conversational AI. Although the metaverse won’t be fully developed until 2030, tech product leaders must start assessing potential now, claims Gartner. Organizations should begin integrating dynamic AI agents immediately so they can enter the next phase of connectivity and redefine how we engage, giving users a complete, all-encompassing experience.