Metaverse is not just a buzzword anymore. More and more organisations are keen to get in on the action and committing resources to build metaverse capabilities. According to Gartner, 25% of the people will spend at least one hour a day in the metaverse for work, shopping, education, social media and entertainment.
Inarguably, metaverse is a huge business opportunity. Globally, companies across sectors such as banking, retail, IT or analytics are setting aside funds to bring out products and experiences for metaverse. Taking the cue, Indian IT firms are jumping on the metaverse bandwagon. Let us look at a few companies offering services in metaverse or planning to do so soon.
Infosys
Infosys has launched metaverse foundry that leverages domain and design expertise, platforms and digital accelerators to give enterprises on-demand ability to securely and efficiently create their own metaverse environment, deliver superior experiences in an existing metaverse, bring advanced AI-powered data analytics and simulations to fulfil their goals while adapting to new priorities and emerging market trends. Infosys has come out with over 100 ready-to-apply use cases and templates that use technologies like AR/VR, IoT, NFT, Applied AI, cybersecurity to accelerate value exploration in the metaverse. The global corporate university of Infosys will also be a part of the metaverse.
Additionally, Infosys’ Living Labs program will help create innovative solutions for clients by contextualizing emerging technologies.
For more details, click here.
Tech Mahindra
Few days back, Tech Mahindra announced its foray into metaverse with the launch of TechMVerse to provide interactive and immersive experiences to its consumers. The tech giant will use its network and technological capabilities in AI, blockchain, AR and VR, 5G, quantum computing to build B2B use cases for various sectors.
Initially, Tech Mahindra will cash in on several opportunities in metaverse through use cases such as:
- DealerVerse – metaverse-based car dealership.
- Middlemist -a NFT marketplace
- Meta Bank – a virtual bank, and gaming centre
It will also provide low code plug and play NFTs and blockchain platforms. Along with Mahindra & Mahindra Ltd, it will provide Digital Collectibles, which will be up for sale through Tech Mahindra’s NFT Marketplace platform.
TCS
Earlier, Krishnan Ramanujam, president and head of business and technology services at TCS, has discussed the company’s plans for the metaverse. In an interaction with a media house, he said TCS is taking an active interest in metaverse and has put out proposals for its customers, though they are still small in size. It is expected that the numbers will rise over the next five years.
He also talked about how the metaverse has its foundation in the cloud. The metaverse is ripe for faster uptake as companies adopt it for various use cases, he added.
Ramanujam said the company has already built a proof of concept for employee on-boarding and customer experience, which is now in production.
HCL
In a blog post last year, the vice president and the associate general manager of HCL talked about how extended reality (XR) is at the point of redefining business processes. The workforce challenges faced during the COVID-19 era are a catalyst in transforming the adoption of XR, the blog read.
Recently, Trendforce came out with a report that showed that AR/VR headset shipments are projected to reach 14.19 million units in 2022 from 9.86 million units last year, riding on the metaverse buzz.
HCL is building industry-specific solutions and partnerships to emerge as a leader in the XR technology space. “We could not be more excited to be part of the journey to uncover the future of XR and metaverse,” the company said.
