The WEF 2024 report Navigating the Industrial Metaverse provides a blueprint for how immersive, interconnected digital environments can transform industries. It defines the industrial metaverse as a convergence of digital twins, AI, IoT, and extended reality to enable real-time collaboration, design, and operations. Benefits include improved productivity, faster innovation, and reduced costs through simulation and predictive capabilities. Case studies highlight applications in manufacturing, energy, and logistics. Challenges remain around interoperability, data standards, cybersecurity, and skills. The report calls for public-private collaboration, governance frameworks, and responsible adoption to unlock scalable, sustainable value from the industrial metaverse.

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