Be Ready: Metaverse Is Here To Accelerate The Need For Data Scientists

“People don’t understand NFTs, Metaverse, and crypto today the same way they didn’t understand online shopping in 1995”

– Anuj Jasani (CEO, Just Brandable)

The word Metaverse existed before it was brought into existence by Facebook.  It was first developed by Neal Stephenson (Sci-Fi writer), in 1992, in his novel “Snow Crash”. The basic foundation of the Metaverse is the concept that a lot of real-world is going to become increasingly digitized. A lot of different companies have pointed out the fact that they have been working on Metaverse forever.

The terminology itself can be a lot confusing as it has already been built for certain aspects and certain platforms. So, without further ado, let us walk through the concept and its application in different industries.

The phrase “Metaverse” is made up of two terms: “meta,” which implies “beyond,” and “verse,” which derives from the word “universe.” It incorporates Blockchain, augmented reality, virtual reality, and cryptocurrency technologies.

The Metaverse technology is about online, 3D virtual worlds where you can use 3D avatars to represent oneself, make friends, move to different locations, participate in events and business meetings, and undertake various activities using gadgets and devices from anywhere in the world. People will have avatars and will be able to buy and sell real estate, buildings, and other goods and services using bitcoin. To help you comprehend the Metaverse and its uses, here are a few real-world examples:

Disney submitted a patent in December for a “virtual-world simulator,” that recreates one of the company’s theme parks in 3D. Users would then be able to roam around in “very immersive, personalized 3D virtual experiences without wearing an AR viewing gear.” To help visitors navigate Disney properties and platforms, Disney has already begun combining the actual, digital, and virtual worlds. Guests may interact with favourite Disney moments in innovative ways and explore different interactive experiences with the MagicBand+ wrist gadget.

To commemorate International Friendship Day, Coca-Cola collaborated with Tafi to create virtual wearables for Coca-first-ever Cola’s NFT collectibles in the metaverse. On OpenSea, Coca-Cola auctioned an NFT prize box featuring digital clothes that may be worn in Decentraland’s virtual environment. When the Coca-Cola Friendship Box is opened, it contains a sound visualizer to capture the experience of sharing a Coca-Cola, a future Coca-Cola bubble jacket wearable, and a friendship card inspired by Coca-trading Cola’s cards from the 1940s.

Many companies don’t have plans in place to optimize their data science capabilities, which limits their capacity to truly grasp the data they have about their company or their consumers.

The Metaverse will undoubtedly continue to grow and innovate at a breakneck pace, making it nearly hard for businesses to keep up. To save time searching for insights, data science teams should use a cloud data system that can collect and handle in-house and third data with a single point of access. This model must be capable of processing structured, semi-structured, and unstructured data, as well as breaking down data silos and bringing together insights to learn from the Metaverse and assist others.

Data scientists and their teams should use this opportunity to reflect on any present flaws in their strategy, such as siloed data or an overwhelming number of data sources. These teachings must then be put into practice for them to effectively prepare for the future. Examining other recent developments, such as cryptocurrencies and Blockchain, and the regulatory challenges they faced can help organizations gain a better grasp of future ramifications. We may expect to see rules enacted quickly across the Metaverse to ensure that firms, among other things, comply with the law and process data appropriately.

The Metaverse is still in its infancy. It is indeed uncertain how long it would take to fully mature or how well it will be able to simulate actual life. However, one thing is certain – it has the ability to usher in the next virtual reality revolution. It has the potential to alter our attitudes toward the digital and social networking interactions.

The post Be Ready: Metaverse Is Here To Accelerate The Need For Data Scientists appeared first on Brainstormingbox.

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