Page 62 - SAMENA Trends - May-June 2023
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REGIONAL & MEMBERS UPDATES  SAMENA TRENDS

        integration  of renewable  energy to the  grid,  decarbonization  of   future,  with  the  customer  at  its  core.  The  purpose-built  private
        the  electrical  network  and  electrification  of  heat  and  transport   telecommunications network now being developed will be a key
        amongst other benefits. A dedicated Smart Grid telecoms network   enabler in delivering integration of renewable energy to the grid,
        forms part of ESB Networks' Innovation Strategy that aims to bring   decarbonization of the electricity network and the electrification of
        many benefits to Ireland from an environmental, economic and   heat and transport amongst other benefits. As such, this private,
        customer perspective. Nicholas Tarrant, ESB Networks Managing   reliable, and secure mobile network  will  be an  indispensable
        Director, welcomed the development: “An ever smarter and agile   precursor to delivering a Net Zero-ready electricity network.”
        electricity network is  key  to  the  delivery  of  a  more  sustainable

        Nokia and EY Study: Enterprise and Industrial Metaverses Are Exceeding

        Expectations


        Companies  that  have already deployed industrial metaverse
        use cases are seeing more reported benefits than those still in
        the planning phase expect,  most notably in capital expenditure
        reduction  (15%),  sustainability  (10%)  and  safety  improvement
        (9%), according to a study published by Nokia and EY. Examining
        the current state of the enterprise  and industrial metaverses,
        the  metaverse  at  work1  study  which  surveyed  860  business
        leaders across six countries shows that the industrial metaverse,
        particularly, is expected to deliver on and beyond expectations.
        The  findings  show  that  companies  believe  in  the  power  of  the
        metaverse and that metaverse technologies are here to stay. Only
        2%  of  respondents  see  the  metaverse  as  a  buzzword  or  a  fad,
        while 58% of companies with future metaverse plans have already
        deployed  or  piloted  at  least  one  metaverse-related  use  case.
        Nearly all (94%) of those who have yet to begin their metaverse
        journey plan to do so in the next two years. Companies also say
        the industrial metaverse is creating substantial business value. On
        average, 80% of those who have already implemented metaverse
        use cases believe they will have a significant or transformational
        impact on the way they do business. Nearly all (96%) respondents
        see how, by mixing physical and virtual use cases, the metaverse
        brings additional  innovative  capabilities that  will  allow  them to
        accelerate the deployment, adoption and monetization of Industry
        4.0 for their business. In terms of geography, the US (65%), UK
        (64%) and Brazil (63%) are currently leading the way when it comes
        to having deployed or piloted at least one industrial or enterprise   Director, Business Consulting and Business Transformation, Ernst
        metaverse use case. The average in Germany was 53% while Asia   & Young LLP, said: “The industrial and enterprise metaverses are
        Pacific is less advanced (Japan, 49%; South Korea, 49%). When   here, this study shows the clear appetite for these technologies
        asked which use cases, they most expect to deliver transformative   such as  extended  reality  and digital twins  to achieve business
        value, enterprises saw the highest potential in the use of extended   goals. We are already seeing many organizations going above and
        reality for training to onboard and upskill the workforce, while three   beyond the planning stages and recognizing tangible benefits from
        out of the four industries surveyed chose the use of virtual R&D to   their initial implementations.” Thierry E. Klein, President of Bell Labs
        enhance product design and processes. When deploying metaverse   Solutions Research, Nokia, said: “It is great to see that companies
        use cases, companies clearly appreciate the need for sufficient   clearly believe in the power of the Metaverse for business value
        infrastructure  and  robust  analytical  capabilities.  Respondents   creation in both enterprise and industrial use cases. This strongly
        placed highest importance on the key technical enablers that are   aligns with our vision, informed by more than 8 years of research
        truly foundational to meeting the demands of such use cases –   at Nokia Bell Labs, that the Industrial Metaverse is an extension of
        cloud computing (72%), AI/ML (70%) and network connectivity (68-  Industry 4.0. Consequently, those who have already implemented
        70%). Given the need for further technical expertise in house, at   mission-critical  communications  networks  for  Industry  4.0  are
        this stage enterprises are relying on a range of partners to close   now well placed to experience the benefits of the Metaverse that
        capability gaps and deploy use cases. Vincent Douin, Executive   clearly some companies are already seeing.”






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