The Growth of the Metaverse's Impact on Corporate Business
Article Sidebar
Main Article Content
Abstract
Abstract
With the growth of the Metaverse in recent years, businesses and consumers have been wondering if it can be a new tool to increase the value of the company or to make operations run smoother. This paper targets the efficiency metric that can be affected by the emergence of the Metaverse. I have conducted research that has concluded that the Metaverse can make companies advertise and run meetings more efficiently. The research has been conducted by finding the adaptability of corporations grasping onto a more virtual world and implementing the Metaverse into the daily operations. The statistics are aimed more towards the company’s acceptance of the Metaverse since it is such a new concept and how willing companies are to use it to their advantage.
Key words: Metaverse, Corporate Efficiency, Technological Development
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
- Student authors waive FERPA rights for only the publication of the author submitted works.
Specifically: Students of Indiana University East voluntarily agree to submit their own works to The Journal of Student Research at Indiana University East, with full understanding of FERPA rights and in recognition that for this one, specific instance they understand that The Journal of Student Research at Indiana University East is Public and Open Access. Additionally, the Journal is viewable via the Internet and searchable via Indiana University, Google, and Google-Scholar search engines.
References
metaverse statistics to prepare you for the future: Bankless Times. www.banklesstimes.com. (n.d.). Retrieved February 7, 2023, from https://www.banklesstimes.com/metaverse-statistics/
Boreham, J. (2022, October 31). What is the facebook metaverse & how bright is its future? The Metaverse Insider. Retrieved February 7, 2023, from https://metaverseinsider.tech/2022/07/28/facebook-metaverse/#:~:text=up%20to%20you.-,A%20Brief%20History%20of%20Facebook's%20Metaverse,time%2C%20Oculus%20for%20%242%20billion.
Lawrence & Weber (2020). Business and Society: Stakeholders, Ethics, Public Policy. Retrieved fromhttps://platform.virdocs.com/r/s/0/doc/2183437/sp/276022230/mi/801375193?cfi=%2F4%2F4&menu=table-of-contents
Marr, B. (2022, October 14). What is the business impact of the metaverse? Forbes. Retrieved February 7, 2023, from https://www.forbes.com/sites/bernardmarr/2022/10/12/what-is-the-business-impact-of-the-metaverse/?sh=5ffb855426d3
Pratt, M. K. (2022, November 22). 10 real-world use cases of the metaverse, plus examples. CIO. Retrieved February 7, 2023, from https://www.techtarget.com/searchcio/feature/Examples-of-the-metaverse-for-business-and-IT-leaders#:~:text=Metaverse%20platforms%20have%20the%20potential,provide%20information%20in%20new%20ways.
Ravenscraft, E. (2022, April 25). What is the metaverse, exactly? Wired. Retrieved February 7, 2023, from https://www.wired.com/story/what-is-the-metaverse/