Nokia Might Be at a “Unique” Point for Metaverse Development

Jose Sequeira
Jose Sequeira Business
4 Min Read

At MWC23’s press and analyst briefing, Nokia CSTO Nishant Batra introduced an ambitious plan for the next seven years leading up to 2030. He articulated that by leveraging their network systems’ capacity to sense, think, and act rather than just connect, Nokia has a “unique position” in seizing the market of industrial metaverse opportunities.

Nokia Is Quite Excited About Industrial Metaverse

Nokia has been a vital part of creating the connection infrastructure, and now it is positioned to excel even further in areas such as edge computing. The company has an opportunity to show that they are not just an “infrastructure player” but also can offer its services across multiple industries as a platform for transformation.

According to Batra, there are three diverse types of metaverse – the consumer sector with services such as gaming, entertainment, and socializing; the enterprise sector offering immersive collaborations, extended reality training sessions, and remote work opportunities; and lastly, the industrial domain that brings physical industries into a digital realm through immersion.

According to ABI Research, Nokia is confident that the industrial metaverse will show rapid growth, faster than even the consumer domain. Nokia’s research indicates that current enterprise data traffic relies heavily on smartphone video streams and files; however, after 2027, they anticipate XR technology dominating network traffic. This necessitates a strong infrastructure to adequately support this predicted surge in usage.

nokia is quite excited about industrial metaverse

Companies Now Have to Make Plans for the Metaverse

Nokia believes that the networks of tomorrow will do more than simply connect; they anticipate that these systems will be used for sensing, thinking, and acting. Batra said, “What I believe is that networks will be equally used for sensing and then create a need for thinking and acting. So our belief is that the networks of the future will sense, think and act.” Nokia aims to accommodate changing consumer needs in the industrial domain with this revolutionary vision.

What’s more, the vendor needs to construct efficient networks that are “equally accessible” with an eye toward innovation so developers can draw on them and build upon their capabilities. This way, all industries can access these networks and transform themselves—ultimately utilizing the power of 5G or even 6G if they wish.

To construct the elaborate metaverse, a much greater level of complexity is required than what we currently have in terms of interconnectivity. Trust and identity will be integral to its success — not only for entertainment but also to increase productivity, optimize efficiency, and ensure safety. According to Batra’s words on this matter, it is time “for businesses, enterprises, and industries to start imagining their tactics that are driven by the metaverse” as Nokia desires collaborations with those customers who are striving towards digitalization.

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Strong media and communication professional with a MA in Broadcast Journalism from City University and a BA in Media Studies with Spanish from the University of Sussex. Started my career as a journalist I have been working for almost 10 years in different regional and national news channels along with assorted media and still now I am working for different digital content creators. I love staying up to date with the latest developments in the crypto world, and I'm always on the lookout for new and innovative blockchain projects. I believe that crypto has the potential to revolutionize the way we think about finance and money, and I'm committed to bringing the most important news and analysis to my readers. With my extensive knowledge of the industry and my ability to spot emerging trends, I'm confident in my ability to keep my readers informed and engaged in this fast-paced and rapidly changing space.
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