Leaders.com
  • Business
  • Leadership
  • Wealth
  • Master Classes
  • Business
    • Entrepreneurs
    • Executives
    • Marketing and Sales
    • Social Media
    • Innovation
    • Women in Business
  • Leadership
    • Personal Growth
    • Company Culture
    • Public Speaking
    • Productivity
    • Hiring
    • Social Issues
    • Leaders
  • Wealth
    • Investing
    • Cryptocurrency
    • Retirement
    • Venture Capital
    • Loans and Borrowing
    • Taxes
    • Markets
    • Real Estate
  • Master Classes
Innovation Metaverse at Davos

Nicholas Thompson, Atlantic CEO; Paula Ingabire, Minister of Information Communication Technology; Chris Cox, Chief Product Officer, Meta; Enrique Lores, President and CEO of HP; and author Neal Stephenson speaking in the "A New Reality: Building the Metaverse" session at the World Economic Forum. (Copyright: World Economic Forum/ Greg Beadle)

By Hannah Bryan Leaders Staff

Hannah Bryan

Hannah Bryan

News Writer

Hannah Bryan is a news writer for Leaders Media. Most recently she was a reporter for the Sanilac County News...

Full bio


Learn about our editorial policy

Jan 23, 2023

Directing the Future Of the Metaverse

While the metaverse has been relatively slow to take off, it was discussed at Davos last week, many still look to it as the future of technology—if it can be appropriately harnessed. 

Key Details

  • Over the last year, the concept of an industrial metaverse has grown increasingly interesting to those looking to capitalize on the usefulness of the metaverse’s interconnectivity.
  • As explained by the World Economic Forum, the industrial metaverse would be “a highly immersive and connected virtual and physical reality enabling never-before-seen levels of connectivity and data analytics.”
  • Exactly how this concept would come to life and how it would be used is still up for discussion, but some of the technology for this vision already exists.
  • Artificial intelligence, blockchain, cloud and edge computing, and extended reality are all tools already available to build an industrial metaverse. 

Why it’s news

Some consider the metaverse to be the next generation of the internet. Through virtual reality technologies, the internet will interact with the physical world. 

Some experts predict the metaverse could become an $800 billion market by 2024, Bloomberg reports. Augmented, virtual, and mixed reality will become necessary for full immersion into the metaverse. Digital assets will also have to become more commonplace to accept the metaverse fully. 

A settled definition for the metaverse is still in flux, but the move to more virtual reality in business and social engagement could be potentially disruptive to the current way of life. The benefits of the metaverse are numerous, but so are the challenges.

In a World Economic Forum panel discussion last week, Rwandan technology and innovation minister Paula Ingabire talked about the potential benefits of the metaverse within her country. Already, Inagbire says that the Rwandan government is discussing how the metaverse can be useful in multiple industries, including tourism, education, and healthcare. 

However, Ingabire emphasized that the government is also working to ensure that proper privacy regulations are in place to protect users of the metaverse.

Home / News / Directing the Future Of the Metaverse
Share
FacebookTweetEmailLinkedIn

Related Stories

Parent’s Wealth Tip The Scales In SAT Scores and College Admissions

by PJ Howland Leaders Staff
Wealth

Oct 25, 2023

Parent's wealth tips the scales for SAT numbers

New data shows a strong correlation between family income and SAT scores, indicating the exam may act as a “wealth test” that advantages higher-income students.

Key Details

  • Students from wealthier families tend to score higher on the SAT than lower-income peers due to advantages like well-funded schools, tutors, and extracurricular activities.
  • The pandemic has exacerbated SAT score disparities, with average scores dropping the most among disadvantaged groups.
  • Addressing the gap requires increased funding for lower-income school districts and expanding access to test prep resources.
  • Children from the top 1% of families are twice as likely to attend an Ivy-Plus college (Ivy League, Stanford, MIT, Duke, and Chicago) compared to middle-class families with similar SAT/ACT scores.

Go deeper

FacebookTweetEmailLinkedIn

Seattle Takes The Crown For Advanced Tech Talent

by PJ Howland Leaders Staff
Tech

Oct 24, 2023

Seattle tech talent

Seattle has emerged as the metro area with the most advanced tech talent, beating out tech hubs like San Francisco and Silicon Valley.

Key Details

  • According to a new ranking by the Burning Glass Institute, Seattle has the highest proportion of advanced tech workers compared to other cities with similarly sized tech workforces.
  • The ranking evaluated 60 million high-paying, in-demand tech job postings and histories to identify cities with cutting-edge roles like AI and cybersecurity rather than legacy tech positions.
  • With tech giants Amazon and Microsoft headquartered in Seattle, the city edged out the San Francisco Bay Area, Boston, Austin, and Raleigh on the list.
  • The report found that demand for software developers and IT support specialists has declined over the past five years as companies seek more specialized tech talent.

Go deeper

FacebookTweetEmailLinkedIn

More Americans Can’t Keep Up With Car Payments

by Colin Baker Leaders Staff
Loans and Borrowing

Oct 23, 2023

car loans, used cars

A record number of Americans are behind on their car loan payments as higher interest rates and prices weigh on consumers.

Key Details

  • According to data from Fitch Ratings, 6.11% of car loans were at least 60 days delinquent in September, the highest since tracking began in the early 2000s.
  • Some interest rates on used cars can rise to as much as 21%, according to Bankrate.
  • Soaring prices and rising interest rates are squeezing consumers, making it difficult for some to keep up with their auto loans.

Go deeper

FacebookTweetEmailLinkedIn
Chevron Gas Deal
Markets

Oct 23, 2023

Chevron Makes $53 Billion Deal Amid Surging Gas Prices

by PJ Howland Leaders Staff
nike logo
Company Culture

Oct 20, 2023

Nike to Require More In-Office Days From Employees

by Colin Baker Leaders Staff
blue collar workers
Retirement

Oct 20, 2023

Explaining The ‘C+ Grade’ Retirement Ecosystem in The United States

by PJ Howland Leaders Staff

Recent Articles

Hiring

Nov 1, 2023

Learn the Winning Answers to the Most Common Phone Interview Questions

Come to your next phone interview fully prepared

Personal Growth

Oct 30, 2023

85 Quotes on Self-Love to Boost Your Self-Esteem

Don’t fall into the trap of harsh self-criticism

Company Culture

Oct 27, 2023

What is a Sabbatical? Your Ticket to Restful Growth and Meaning

Sabbaticals can benefits both employees and businesses

  • Business
  • Leadership
  • Wealth
Join the Leaders Community

Get exclusive tools and resources you need to grow as a leader and scale a purpose-driven business.

Subscribing indicates your consent to our Terms & Conditions and Privacy Policy

Leaders.com
  • Privacy Policy
  • About
  • Careers
  • Cookie Policy
  • Terms
  • Disclosures
  • Editorial Policy
  • Member Login

© 2023 Leaders.com - All rights reserved.

Search Leaders.com