Celebrating Success
One of the buzzwords in emerging technologies in the recent past is Metaverse.Dr M ArokiaswamyIt is not a new coinage, the word having been first used by American writer Neal Stephenson in a science fiction novel named Snow Crash, published in 1992. But in October 2021, when Facebook, co-founder and CEO Mark Zuckerberg renamed his company as Meta, the world took notice. In June 2022, global management consulting firm McKinsey & Company released a report titled ‘Value Creation in the Metaverse’. It predicts the metaverse is too big for companies to ignore as it has the potential to generate up to $5 trillion in value by 2030. While many are sceptical of the...
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