Companies in India are preparing to fully embrace the metaverse. Commercial industries are creating their own metaverses, and national museums are taking steps to offer immersive experiences to visitors. Additionally, India Inc. is also making a significant effort to train their employees in metaverse and related technologies.
Companies like Genpact, Flipkart, MG Motor, Ascendion, and Synechron are training their employees to work on projects related to the metaverse. This includes creating online avatars, teaching them about Augmented Reality (AR) and the Internet of Things (IoT), and providing specific education on the metaverse.
$79-$148 Billion Industry by 2035?
India is set to become the third largest economy by 2030, according to a report by Deloitte. The potential impact of the metaverse on the Indian economy is expected to be $79-$148 billion by 2035.
Genpact, a global professional services firm, is using Genome and other training programs to upskill employees about the metaverse.
“While we’re still in the early stages of truly leveraging the metaverse, we understand its exponential value and the critical foundational skills needed to harness it, like data visualisation, analytics, data engineering, digital twin, computer vision, AR, IoT, AI, and blockchain,” said Piyush Mehta, chief human resources officer of Genpact.
Naren Ravula, vice president and head of product strategy at Flipkart, believes that the emerging technology will revolutionize every industry and its functions. “The metaverse is poised to revolutionise every industry and function, from finance and healthcare to education, consumer products, city planning, dating, and beyond,” said Ravula, who is also the head of Flipkart Labs.
The company recently offered various training courses and programs on the metaverse through in-house experts through its ‘Domain i/O’ and ‘Flipkart Labs School’ programs. Its few employee even trained in blockchain engineering and immersive technologies via the flagship ‘Tech Marvel’ program.
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“We also offer flexibility in the selection of course material, which has resulted in employees opting for courses in areas such as Metaverse and Web 3.0,” Ravula
The New York-based company, Synechron, is heading towards enhancing metaverse capabilities in application development, blockchain, cloud computing, and sustainability to deliver interactive AR/VR experiences.
Peter McConville, Senior Director of Synechron, said that the firm plans to add 3D concept artists and engineers to complement this capability.
“Consumers today are spending more time digitally, so we have to evolve to create a zone where they can experience the car, personalise it, do a virtual test drive, all on the metaverse,” said Gaurav Gupta, CCO of MG Motor India. MG Motor has built the MGverse to provide a lifelike experience for its various cars and to train employees to run the program.
My experience at Auto Expo was best with the @MGMotorIn Pavillion. It's amazingly designed and has really good cars, and even the activities like cycling and creating an Avatar in the MGverse keep you engaged. Indeed, an appreciative thought process. #MGatAutoExpo2023 pic.twitter.com/zlj6c52Bdq
— Sandeep kishore 🇮🇳 (@sandeepkishore_) January 16, 2023
“When these teams wrote code for the metaverse, we encouraged them to switch on their camera and stream it on Teams so that the entire company could watch and get a better understanding in real time of how the process works,” said Kanchan Ray, chief technology officer of Nagarro.
Nagarro, an IT service management company, recently held a hackathon in which over 100 teams of 3-5 people each took part.