Technology for a More Resilient World: Davos 2023 Session Recap
Speaking on the second day of the World Economic Forum Annual Meeting in Davos, Julie Sweet, Chair and CEO of Accenture, said that “The metaverse is going faster than we expected because it’s really tapping into human need.”
“What we’ve discovered is that when you immerse yourself in an experience together you learn better and you can do things faster,” she explained.
“The virtual and physical worlds coming together is actually net-new-value and we estimate there’ll be a trillion dollars of revenue influenced by the metaverse by 2025.”
The panel session , Technology for a more Resilient World, also highlighted the huge potential of quantum computing, 5G networks and digital twins to build a cleaner, safe and more inclusive world.
Cristiano Amon, President and CEO of Qualcomm, also expects significant progress in these areas in the next decade.
“The technology trend at the moment is the merging of physical and digital spaces,” he said, adding that his firm is investing significantly in virtual reality, augmented reality and the metaverse.
He also talked about the potential to create digital twins for almost everything and the power of seeing those digital twins through the lens of VR rather than via the small screen of a conventional mobile phone.
At DP World, we have long embraced the transformative potential of smart technologies, which can bring greater transparency and resilience to the global movement of goods.
Innovations like smart platforms, digital supply chains – and one day the metaverse – are key tools in our efforts to connect communities with global trade networks.
Visitors to the DP World Pavilion use virtual reality to explore DP World’s Port Operations
We are using digital twins , for example, to make sure our ports are as efficient as possible and find any solutions to any logistics bottlenecks. And last year, at Davos, we announced that we are building our own version of the metaverse to solve supply chain challenges.