Nokia and ey study: enterprise and industrial metaverses are exceeding expectations

Press release nokia and ey study: enterprise and industrial metaverses are exceeding expectations across use cases, early metaverse adopters report benefits more often than companies still in the planning phase, with capex reduction (15%) and sustainability (10%) showing largest difference companies believe in the power of the metaverse – only 2% of respondents see the metaverse as a buzzword or a fad the industrial metaverse is creating substantial business value – 80% of early adopters say use cases tested will have a significant or even transformative impact us and uk lead in terms of actual experience – 65% and 64% of respondents respectively had a pilot or fully deployed at least one industrial or enterprise metaverse use case, while asia-pacific is less advanced (japan, 49%; south korea, 49%) cloud computing (72%), ai/ml (70%) and network connectivity, including private 5g/6g (70%), fiber broadband (68%), as well as public 5g/6g (67%), are seen as most important key technical enablers to metaverse use cases 12 june 2023 espoo, finland – companies that have already deployed industrial metaverse use cases are seeing more reported benefits than those still in the planning phase expect, most notably in capital expenditure reduction (15%), sustainability (10%) and safety improvement (9%), according to a study published today by nokia and ey. examining the current state of the enterprise and industrial metaverses, the metaverse at work 1 study which surveyed 860 business leaders across six countries shows that the industrial metaverse, particularly, is expected to deliver on and beyond expectations.
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