MIT Technology Review partners with Siemens AG in exploring the Emergent Industrial Metaverse 

MIT Technology Review has teamed up with Siemens AG to delve into the emerging industrial metaverse, according to a recent announcement. A research report named “The Emergent Industrial Metaverse” will kickstart the partnership.

The report seeks to assist decision-makers in the technology sector by exploring the growth of the industrial metaverse. This will include its applications, opportunities, challenges, and impact on daily life. MIT Technology Review Insights conducted interviews with scholars, scientists, industry analysts, and technologists from all over the globe to gather best practices and techniques to help organizations navigate their way toward the industrial metaverse.

Annika Hauptvogel, Head of Strategy for Innovation and Technology Management at Siemens, emphasized that collaboration and openness must be integral to every digitalization strategy in the future. Organizations must assess the value of their industrial metaverse initiatives before exploring this emerging technology, according to Michael Grieves, Executive Director of Digital Twin Institute. Grieves added that organizations can gain a better understanding of the technology by working towards a specific goal, such as accelerating product development cycles and minimizing waste.

On March 30, MIT Technology Review hosted an online session with Michael Grieves and Peter Körte, Siemens’ Chief Strategy Officer, to share key insights on the industrial metaverse and what is shaping it. A physical event will hold on June 12, 2023, on the MIT campus to discuss the industrial metaverse and its impact further.

About MIT and Siemens AG

MIT Technology Review is an independent media organization established at the Massachusetts Institute of Technology in 1899. It is well-known for its ideas, interviews, and analyses of new technologies and their social, economic, and political impacts. Also, the organization’s deep technical knowledge, connections to world-renowned technology institutions, access to leading researchers and innovators, and ability to view technologies in their broadest sense give it immense power.

Siemens AG is a tech company that focuses on driving economic and societal progress through healthcare, infrastructure, transport, and industry. With over 300,000 employees, Siemens aims to add genuine value for customers through robust supply chains, clean and comfortable transportation, improved healthcare, and efficient factories. Additionally, Siemens helps its clients transform their businesses and markets by integrating the virtual and real worlds. It currently offers the most extensive virtual twin capabilities. The company is also working to make this the core element for a persistent, real-time, and immersive industrial metaverse.