Tom Cash Fri 29 Nov 2024
Collected at: https://eandt.theiet.org/2024/11/29/comment-industrial-metaverse-adoption-grows-manufacturers-invest-digital-future
Is the industrial metaverse proving to be more than just a promising concept? Tom Cash, director of industrial parts supplier Foxmere, explains the current state of play.
81 per cent of industrial companies globally are using, testing or planning to adopt industrial metaverse technologies. That’s according to a survey by S&P Global Market Intelligence’s 451 Research in partnership with Siemens, involving 900 respondents from 16 industries in seven countries.
Siemens remains a major driver of this evolution of the metaverse. In July of last year, Siemens invested €500M in a new technology campus in Erlangen, Germany, to help develop its vision of the industrial metaverse.
The company intended to create a blueprint for the future — a real-time, photorealistic virtual representation of the world, where AI helps to create the next generation of high-tech, flexible and sustainable manufacturing technologies.
What sets Siemens’ initiative apart are the ambitious goals it aims to achieve within the industrial digital realm. The company wants to use AI to pioneer high-tech, flexible and sustainable manufacturing technologies, which go beyond mere duplication of physical systems in the virtual world.
Instead, it involves creating a dynamic, intelligent ecosystem that can revolutionise manufacturing processes.
The concept
The metaverse concept has been used in recent years primarily to describe the development of a 3D internet, referring to virtual environments used mostly – so far – for entertainment.
It now aims to create precise simulations of industrial equipment, where it’s used as an umbrella term for various existing technologies that can be combined to digitally replicate real world objects and processes.
For example, accurate simulations of factory equipment would allow manufacturing and other industrial firms to optimise operations without disruption, while improving collaboration amongst workers and frontline employee training.
As with the consumer vision of a 3D internet, the industrial metaverse concept is a work in progress with extraordinary potential.
Interoperability
According to a new report released by the Manufacturing Leadership Council, the NAM’s digital transformation division, and Deloitte, 92% of manufacturing executives say they are experimenting with or implementing at least one metaverse-related use case.
However, there are concerns about integrating existing technologies and systems when developing the industrial metaverse. Here, data preparation and transformation within complex workflows often present as major hurdles.
This comes as no surprise. Companies are already grappling with integrating systems across multiple plants, let alone the advent of industrial metaverse initiatives, which is heightening the demand and complexity of integrating both similar and disparate technologies.
Simply put, for the metaverse to become the next iteration of the internet, it must be interoperable. That is to say, the virtual worlds that constitute the metaverse must be able to freely exchange data, enabling seamless connections between people, processes, data and systems.
Picture a high-tech factory using digital twins for not only replicating equipment but for predictive maintenance purposes too. AI could analyse data from the sensors on physical machinery and virtual counterparts, and when AI detects a potential issue, it would automatically schedule maintenance. Sounds pretty cool, doesn’t it?
Regulatory changes
Without getting too excited too soon, ensuring interoperability in the metaverse does have its challenges. It requires widespread agreement on standards, unlike the collaborative origins of the internet with foundational standards like HTML and TCP/IP.
Metaverse building blocks operate differently, using various rendering engines and file formats that make post-facto standardisation complex. Therefore, the rapidly evolving metaverse space requires regulatory standards to ensure safety, fairness and interoperability.
In Europe, the Digital Services Act (DSA) and Digital Markets Act (DMA) have recently been implemented to promote fair competition and prevent anticompetitive practices among digital platforms.
This can indirectly benefit the industrial metaverse by encouraging interoperability and data sharing between different platforms and services. As the industrial metaverse requires, this would make it easier for systems and processes to connect and exchange data seamlessly.
Open source
Regulatory standards are typically established through government agencies, industry associations and international bodies. However, market competition can put pressure on getting standards to pass.
When doing so, it is essential to encourage collaboration among the various stakeholders in the metaverse community. This collaboration would ideally lead to the development of standards that benefit the entire community rather than favouring specific players.
A way that supports industry collaboration is open source. This is a software model where the source code of a program is made available to the public, which would allow companies to contribute towards developing interoperable options, ensuring the metaverse’s infrastructure is accessible and adaptable.
For instance, developers could build upon existing functionality, introduce new features and integrate emerging technologies. These could, for example, include AI, blockchain and spatial computing.
A reality?
The possibilities are endless, but the metaverse is not a reality yet, and we’ve been talking about these technologies since the term metaverse was coined in 1992, by author Neal Stephenson.
While the metaverse still has a way to go, increased investment indicates strong momentum, with research from the same report from Siemens and S&P Global showing that 30 per cent of firms are spending over $10m on digital twin technology, with manufacturing leading adoption.
As companies build and adapt their infrastructure, the industrial metaverse appears poised for continued growth, though it is still maturing and will evolve further in the coming years.
In the meantime, manufacturers must look after and upgrade their current processes, and establishing a trusted industrial equipment supplier is a crucial first step.
Be it for the monitoring of current equipment or wanting to build accurate digital twins, receiving parts like Programmable Logic Controllers (PLCs) can help manufacturers save on costs, increase efficiency and reduce downtime.
By sourcing parts, such as Foxmere’s PLCs, manufacturers can lay the foundations for the metaverse future.
Adopting the latest PLC technology, for example, can facilitate the process of gathering and effectively managing data from other industrial equipment, serving as a means to bridge the physical and digital realms of the industrial landscape.
If you’d like assistance with digital technologies or would like to source new parts, then please get in touch via Foxmere’s website .
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