Metaverse technology plays an important role for mobile operators. In other words, the metaverse is the gateway to digital telecommunications companies
Metaverse takes humanity to the next phase of the internet, which has grown rapidly in recent years and has accelerated since the pandemic.
This provides a huge opportunity for digital telcos to become entry points thanks to the advanced connectivity and lower latency offered by 5G technology.
Metaverse promises to be the next generation of social interactions where the digital world seems realistic but limitless.
Shaped by virtual reality (VR), augmented reality (AR), artificial intelligence (AI), and blockchain, metaverse focuses on establishing a presence in virtual universes to enhance the human experience.
Even though it is in the early stages of its evolution, this technological innovation is considered to be attracting large investments across industries globally and in Indonesia, with potential revenue opportunities, reaching USD 800 billion by 2024, according to Bloomberg data.
The key to the future of the metaverse is a thriving ecosystem, driven by three fundamentals: presence, interoperability and customer adoption.
The first is the presence of affordable VR/AR technology devices, such as headsets. The second is interoperability, which means the ability to move seamlessly between virtual spaces while maintaining the same virtual assets; thus, technology standardization becomes important. Third is massive customer adoption across all segments, not just the younger generation.
Syarikat Telecommunications plays an important role in shaping the ecosystem with its two flagship products, IM3 and 3, which have a large customer base across all segments.
In addition, the company's strengthened collaboration with global strategic partners, including Cisco, Ericsson, Huawei, and Nokia, enables interoperability. Likewise providing 5G commercial services.
Telecommunications companies also need to integrate the network across to increase indoor coverage and network capacity to improve customer experience.