The Technology Express Magazine | Edition: August 2022

MANUFACTURING
WILL THE METAVERSE LEAD TO SHORTENING THE
PRODUCT DEVELOPMENT CYCLE?
This futuristic concept
of METAVERSE has
started to touch all our
lives, irrespective of
whether one has a great
understanding or not. Similar to
the advantageous impacts that
Industry 4.0 has on the future of
manufacturing and engineering,
the Metaverse is flourishing on the
internet where it will help in creating
a virtual world that resembles the
real one. All the newly launched
technologies are taking immense
help from the METAVERSE as it is
seen as a way to immix reality with
the virtual world while producing a
great level of productivity as well.
The Metaverse has already found
great relevance in the process
of operation, transformation, and
other aspects of businesses and
has accelerated the way of digital
transformation for such companies.
In such situations, the production and
manufacturing of products are not
left behind, and their collaboration
with METAVERSE technology has
enabled the creation of products that
help in shortening the lifestyle of the
product.
Advanced products can be
designed, created, and produced in
the virtual world and are thereupon
tested as well, before being properly
understood and being sure of the fact
that they would run successfully in
the real world. This surely has helped
the producers or manufacturers to
create products in very less time
with better efficiency and productivity
paving the way for rapid turnaround
times for the manufacturers.
The process of manufacturing
has shifted more towards inclining
on supply chain management, and
a metaverse-driven ecosystem
would help in decentralizing the
whole system and creating better
relationships between the business
owners and suppliers. The rapid
production process design would
leverage the whole manufacturing
system and identify the areas that
require performance. This would
ensure faster production of goods
that are required at the time being.
This will help increase the number
of product designs, giving more
diversity and options, and would
also not have a deadly impact on the
cost incurred. This would also pave
the way for a more collaborative
approach. Therefore, manufacturers
have sought a way that would not
shorten the product’s lifecycle but
would in turn lengthen it as they are
highly curated and designed in an
optimum setup.
We are witnessing a
transformation in every sector, and
supply chain management should
not be left out of the bandwagon
as reaching out and taking the help
of advanced technologies has only
paved the way for the best results
that could be rendered. This will
highly influence the manufacturing
systems and take a turn for
the good.
-feature@thetechnologyexpress.com
72
/ AUGUST 2022
www.thetechnologyexpress.com