The metaverse has a great potential to drive up business profits but there's a lack of proven success, a survey of industry executives by KPMG showed.
Tech, media and telecom executives see the potential that metaverse can bring to businesses in terms of higher profits and lower operating expenses.
70% of companies are investing less than 5% of their technology budgets in 2023 into metaverse, while 27% have not invested into metaverse at all, a KPMG report showed.The metaverse has a great potential to drive up business profits but there's a lack of proven success for companies to pour big money into it now, showed a survey by KPMG.
But a similar proportion acknowledged that, despite the metaverse's potential, it still needs further refinement and development, said KPMG.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney Reportedly Axing Metaverse Division Amidst Company Restructuring – Metaverse Bitcoin NewsAccording to reports coming from the WSJ, the metaverse unit of DIsney was wholly disintegrated in the latest round of layoffs that CEO Bob Iger announced on March 27.
Read more »
'AI Tools Will Provide Very Interesting Enhancements for the Metaverse' — Upland Co-Founder – Interview Bitcoin NewsThe metaverse should usher in 'a future where users freely move between platforms and where they can easily take their assets with them.'
Read more »
As A-List Designers Peddle Metaverse Merch, Decentraland’s Fashion Week Makes A Muted ReturnCrypto may be struggling to emerge from winter, but at Decentraland’s second annual Fashion Week avatars are downloading digital swag and emoting the night away like it's 2021.
Read more »
A Bridge to the Metaverse: GDC 2023 Shows Off Tech to Make Games More Immersive and More RealThe 2023 Game Developers Conference is in the history books, and GDC2023 had the industry looking squarely toward the future. The show was filled with new tech that brings players deeper into virtual worlds than ever before. Have a look:
Read more »
The Internet Is Ruined. The Metaverse Can Still Be SavedCreating a better online space will mean monitoring who gains control of the metaverse—and who gets left behind.
Read more »
Inside the Wild Claims Against Paris Hilton-Backed Tech Firm EveryrealmEx-staffers of the metaverse company have accused CEO Janine Yorio of ‘vulgar’ sex talk and harassment, but she says it’s all a big shakedown.
Read more »