French carmaker launches industrial metaverse, hoping to significantly manage mass data collection and costs.
French carmaker Renault has launched its industrial metaverse as a continuation of its digital transformation strategy. The newly launched initiative aims to address several business issues faced by the company.
These challenges include information flow, production process control and management. The Renault Industrial Metaverse operates under his four main points: mass data collection, digital versions of processes, supply chain ecosystem connectivity and a suite of advanced technologies.
Aims of Renault Industrial Metaverse
To further assist in mass data collection, the company has developed a large-scale data collection platform tagged as Industrial Data Management Platform 4.0. This platform provides the industrial metaverse with real-time monitoring and sharing of production process performance. This allows all Renault factories to have a digital replica of data, sales forecasts and quality information from suppliers. This system allows monitoring and control from a central location. It also has monitoring tools and alerts to notify the transport and provide anomalies.
By 2025, the Renault Group could have saved €320 million (approximately $331,000) by implementing the industrial metaverse and its capabilities. Vehicle delivery times are consistently 60% faster and the carbon footprint of vehicle manufacturing is reduced by 50%
Metaverse strains are on the rise as many traditional companies join the rapidly emerging technology. Japanese automakers Nissan and Toyota have not revealed any hints about the Metaverse. While Nissan is trying to create a virtual room for its customers, Toyota is realizing a virtual work environment for its employees. Other automakers such as Volkswagen and Mercedes-Benz have also launched their Metaverse campaigns. Italian luxury sports car maker Ferrari has also dabbled in his NFT casting in partnership with the Velas blockchain.
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