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Highlights
AI and large language models have dominated the discussion around technology in 2023, all thanks to ChatGPT.
But as little as a year prior, it was the metaverse that was the talk of the town. So much so that the popular social media platform Facebook rebranded itself as Meta and promised to bring more virtual reality experiences to the market.
What do these two technologies have in common? Well, way more than you would imagine! Generative AI improvements will speed up metaverse development by combining existing and developing technologies.
Baby steps
Even though a full-fledged metaverse doesn’t exist at present, many functionalities are already available. These metaverse components can empower businesses to be future-ready and quickly adapt to new technological changes. This is why it is essential to understand the magnitude of the technologies that would give life to the metaverse.
In this podcast, TCS senior content strategist Christian Gulliksen talks to Howard Schargel, an innovation evangelist at TCS, and Quinn Banks, Director, Risk and Cyber Strategy, TCS, about how enterprises can take baby steps toward the metaverse by experimenting with its different components.
They discuss the minimally viable metaverse, which makes it easier for enterprises to create and test metaverse-like environments using their existing resources, and the risk and security issues associated with venturing into such a space. For instance, businesses can create a Pokémon GO kind of augmented reality experience, which requires nothing more from customers than a smartphone.
Combating risks
Today, we are witnessing an intersection of the metaverse, AI, and Web3 technologies. As the metaverse becomes more integrated with real-world experiences, privacy and security will be critical to ensure mass adoption. Businesses will have to factor in effective management, protection, and monitoring to address potential risks and vulnerabilities.
Consumers will want to be assured that their personal information and activities are secure and that they have control over what is shared and with whom. Technology companies must prioritize privacy and security as they develop metaverse technologies and collaborate with regulators and industry stakeholders to establish safeguards and best practices that foster user trust.
Tune in to the podcast today to learn about the evolution of metaverse technologies and their impact on business.