Vi evaluating Metaverse opportunities

Vi evaluating Metaverse opportunities
Vi evaluating Metaverse opportunities

Deep engagement will be enabled by Metaverse in genres such as gaming, entertainment, retail, education, e-commerce, and social networking

To enhance customer experience, Vodafone Idea (Vi) is evaluating opportunities on the Metaverse, a senior executive said, as the telecom operator tries to stem user drift and pushes to regain subscriber market share.

Vi is “keenly following this emerging technology to see how it evolves,” said Avneesh Khosla, chief marketing officer, Vodafone Idea. “We believe it has the potential to deeply engage with consumers and enhance their digital experience,” said Khosla.

Deep engagement will be enabled by Metaverse in genres such as gaming, entertainment, retail, education, e-commerce, and social networking, he added.

However, Khosla pointed out that to enable immersive experiences, it was “imperative” that the devices ecosystem achieve scale and economies quickly to reach critical mass.

To foray into the Metaverse through its Xstream multiplex, rival Bharti Airtel became the first operator in India.

For their business-to-consumer (B2C) and business-to-business (B2B) segments, telcos will look at Metaverse differently, said analysts.

For B2C, the platform will eventually culminate in faster adoption of the telcos’ 5G services, which are expected to be rolled out by the end of this year.

Prashant Singhal, global TMT emerging markets leader at EY, said: “Right now, no one (retail customer) is asking for 5G. But once you offer experiences enhanced by faster speeds, low latency and more bandwidth, the consumer will start using it. That’s what we saw happen with 4G as well.”

Analysts expect telcos to team up with stakeholders to develop use cases for the Metaverse for the B2B segment that is expected to drive revenues in the near term once 5G rolls out.

Into the enterprise offerings of telcos, video conferencing is one of the most logical applications integrating Metaverse.

Telcos, globally have used the Metaverse to solve various problems.

For example, Japanese telecoms giant NTT has created a “digital twin” of the Tour de France to give operations staff real-time visibility of race data to ensure the continuity and safety of the cycle race and to provide insightful visualisations and immersive fan experiences.

A digital twin is a digital replica of a physical entity connected seamlessly to enable transfer of real-time data. The concept can be applied to smart factories to monitor machinery, for inventory management at warehouses, and even for surgery preparation and planning, experts said.

Also read: Digital literacy according to me is a seamless adoption of digital revolution

Do FollowCIO News LinkedIn Account | CIO News Facebook | CIO News Youtube | CIO News Twitter

About us:

CIO News, a proprietary of Mercadeo, produces award-winning content and resources for IT leaders across any industry through print articles and recorded video interviews on topics in the technology sector such as Digital Transformation, Artificial Intelligence (AI), Machine Learning (ML), Cloud, Robotics, Cyber-security, Data, Analytics, SOC, SASE, among other technology topics