IT Firms Tap Nascent Metaverse To Help Clients Explore Its Potential

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Indian IT companies are jumping on the metaverse bandwagon amid a global move to the future virtual world. Last month, two of India’s leading IT services companies, Infosys Ltd and Tech Mahindra Ltd, announced their foray into the metaverse.

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Sanchit Vir Gogia, CEO and chief analyst, Greyhound Research, believes the metaverse may soon take a “platformization” approach with industry-specific applications.

“The concept of the metaverse is not new for IT services companies such as Infosys, and a few others that have always offered it in bits and pieces through technologies such as experience redesign, digital twin, AI, IoT, AR/VR, blockchain, and 5G. The only difference is now it is being offered as a bundled offering with all elements stitched together and in a more distributed/decentralized model,” he said.

“We will see platformization of the metaverse with industry-specific pre-baked applications. But, as of today, it is still in its early days, and what these companies are doing today will look very different in the next few years,” he added.

HT Mint

<strong>Analyst: Sanchit Vir Gogia</strong>
Analyst: Sanchit Vir Gogia

Sanchit is the Chief Analyst, Founder & CEO of Greyhound Research, a Global, Award-Winning, Digital & Technology Research & Advisory firm.

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