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I’m so glad this bowl finally exists.
Visual Storyteller
Additional Posts in Consulting
Consulting dinner @ home on a Friday night :)
Pro
Any book recommendations?
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Rising Star
Your research is flawless. You’re clearly so new to this industry that you haven’t learned not to throw rocks because chances are your firm also bought in:
BCG: Forecast a $1.3T metaverse market by 2030, driven by consumer readiness and major tech investment from companies like Meta and Microsoft.
Accenture: Predicted that most major companies would eventually build their own metaverses, and surveyed that 71% of business leaders believed the metaverse would positively impact their organization, with 42% calling it transformational.
PwC: Predicted that in 2023 business applications would take the lead over consumer use, with onboarding/training, colleague collaboration, and virtual customer content as top use cases. Their survey showed 82% of executives expected metaverse plans to be part of their business activities within three years. PwC also went beyond advisory by investing in digital real estate on The Sandbox metaverse platform.
Deloitte: Projected that 25% of consumers could be spending at least one hour per day in the metaverse by 2026, and that 30% of businesses would have metaverse-ready products and services by that point. In a separate Meta-commissioned report, Deloitte estimated the metaverse could contribute between $402B and $760B to US annual GDP by 2035.
KPMG: Surveyed TMT leaders and found that 60% believed the metaverse would have a huge impact on consumers and business. Over a five-to-ten year horizon, 50% of respondents planned to increase metaverse investments, with 21% planning to allocate 10% or more of their total tech budget to it.
Gartner: Predicted that by 2025, 10% of workers would regularly use virtual spaces, and by 2027 a majority of B2C CMOs would have dedicated budgets for digital humans in metaverse experiences. They also predicted that by 2027, over 40% of large organizations would be using a combination of Web3, spatial computing, and digital twins in metaverse-based projects aimed at increasing revenue.
M1, Nobody is forcing me to use AI…probably it’s a bubble still, but I love it. For my “blank page syndrome” it’s been a blessing. Easily use it every day to great effect and if it becomes more scarce, those who will have access to it, will have a great advantage IMO
I think the idea will still have merit in the next 10-20 years, especially with the emergence and adoption of AI and maturity of VR. I don’t know about virtual commerce per-say, but training, modeling, and testing..I think the use case is there. Sunk cost of $80B would at least want to get some value add out of that investment.
Chief
The Metaverse was always too early and not immersive enough to warrant large scale adoption
Chief
If inflation really rips, the Metaverse will be worth $5T in future dollars at some point
Touché
Metaverse has value, but not on the scale that everyone predicted. When the internet took off, industry analysts said brick and mortar was dead. And decades later, Trader Joe’s, Aldi, and Lidl are the places to be. It’s best to take all predictions with a grain of salt.
It will be at that level one day. But the level of immersion has to be at the point of SAO.
Chief
You’ve cracked the case OP
Vast majority of these consultants have never built anything, have no industry expertise so they really don’t have any idea what they’re talking about…
Chief
No consulting firm is trying to be an accurate forecaster with these types of articles either
Rising Star
everyone’s forgetting the og metaverse that’s worth a few billion that goes by the name roblox 😤
We knew it was bs lol
“We”