The metaverse is a concept making headlines across the globe, with its application being imagined across all industries. However, until recently, the practical manifestation and future impact of the metaverse was unknown. The newly-released Insurance Tech Vision for 2022 not only defines the metaverse, but contains valuable, timely insights for insurers on how the metaverse is ushering in the next wave of digital change.
Accenture defines the “Metaverse Continuum” as a spectrum of digitally enhanced worlds, realities and business models poised to revolutionize life and enterprise in the next decade. This applies across all aspects of business, from consumer to worker and across the enterprise; from reality to virtual and back. The metaverse continuum is being built on a wide range of mature and emerging technologies. These technologies include artificial intelligence (AI), augmented and virtual reality (AR/VR), blockchain, digital twins, edge technologies, cloud, digital currencies, non-fungible tokens (NFTs), social platforms,