AR, VR, AI, IoT and blockchain are advancing fast. Similarly, their penetration into our daily lives, too, is increasing rapidly. They are being used across healthcare, manufacturing, fintech, hospitality, customer service, and many more industries. Looking at how things are, these technologies can significantly enhance the services offered in these various sectors. For example, the future of fintech can be transformed completely by using VR for conducting virtual meetings by financial institutions and enabling customers to pay for products virtually, forgoing the need to step out of your home.
However, one application of these technologies that has everyone excited is the metaverse. Metaverse promises a universe beyond our real world. It’s a place where our real world, augmented reality, and virtual reality intersect. The intersection gives birth to an interactive, immersive, and collaborative shared virtual 3D environment.