The March 27, 2023 report, authored by Cindy Waxer from MIT Technology Review, delves into the rising concept of the industrial metaverse through interviews with technologists, industry analysts, and academics worldwide. It explores the metaverse’s emergence, its use cases, future challenges, opportunities, and the potential impacts on businesses and daily life. The report also contemplates the requisites for establishing the industrial metaverse. The primary insight underscores the pivotal role of business agility in enabling organizations to engage with the industrial metaverse. The metaverse relies on foundational technologies such as digital twins, Internet of Things (IoT), artificial intelligence (AI), machine learning, 5G wireless communication, and virtual/augmented reality, emphasizing the need for businesses to adapt and leverage these technologies to participate effectively.

Keywords: Architecture/Engineering, Artificial Intelligence (AI), Association, Audio/Video, Block Chain, Cloud & Data Analytics, Connected/ EV Vehicles, Construction/New Buildings, Control & Monitoring Equipment/Sensors, Cybersecurity/Privacy, Energy Efficiency/Management, Internet of Things (IoT), Post-COVID-19, Protocols/Standards, Training, Utilities

Download Research Paper