MetaverseNewsOpenAI / ChatGPT / Artificial IntelligenceWeb3

Nokia Projects Increase in Network Demand Citing Development on Metaverse 

The renowned Telecommunication company Nokia envisages that the growing demand for Meteverse and Web3 services will trigger an increase in network usability. With the ongoing development in the metaverse, Web3, and artificial intelligence, the Nokia team predicts a surge in network demand in the future. 

The telecom company believes the network supply will not meet the future demand. Therefore, Nokia plans to invest in expanding the network supply by 2030 to fill the potential gaps in the market. 

Nokia Envisions an Increase in Network Demand By 2030

The expected change in supply and demand forced the tech company to develop a Nokia Technology Strategy 2030 report outlining the steps the company will take to gain a competitive advantage. 

Firstly, the Nokia team will embark on an exciting journey of building a solid network architecture to support emerging technologies development. In the report, Nokia projects the demand for networks to increase from 22% to around 25% before 2030. 

A statement from the president of the Nokia network and infrastructure division, Federico Guillén, revealed that the increase in demand for generative AI tools and virtual reality devices would create a deficiency for the networks in the market. 

The executive argued that the potential gaps in network supply forced the Nokia team to invest in acquiring new equipment for its network portfolio. This development aims to position Nokia at a considerable market position in the future.

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A review of Nokia’s portfolio demonstrated that the tech company will heavily invest in the Internet of Value (IoV), which will facilitate the instant transfer of assets on decentralized platforms. Also, the Nokia team will focus on supporting the metaverse ecosystem. 

Nokia Vows to Support Metaverse Ecosystem

The report demonstrated that Nokia will primarily major in human augmentation, split processing, and spatial computing technologies. The tech company will also support the development of AI Industry 5.0, Cloud Continuum, and Application Programming Interface (API). 

Initial plans to support the growth of the metaverse ecosystem started in 2022 when the Nokia team established two research labs. These labs will focus on conducting studies concerning metaverse development and exploring advanced technologies that support the growth of the metaverse ecosystem.

 In early 2023, the two labs conducted multiple experiments with fast-paced companies to assess ways to increase the use case of the metaverse. The Nokia team also created a network architecture on the digital twin technology, which has commonly been used to conduct tests in diverse industries. 

The upgrade of Nokia’s network infrastructure has forced the tech company to collaborate with various companies to attain the metaverse goal. For years, the Nokia team has been working with a South Australian aircraft company, Cessna, to improve services at the airport.

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Analyzing the Use Case of Metaverse Technology

A report from the chief technology officer at Nokia Oceania, Robert Joyce, demonstrated that the tech company was using the power of metaverse to support operations at Cessna.

Joyce argued that Nokia connected with the Microsoft HoloLens 5G network to issue commands on how to operate Cessna using augmented reality (AR). The increased use of the metaverse in the Nokia project inspired other tech companies to explore this technology.

In a recent study, scientists in Finland experimented with a metaverse with a digital twin called Metahumans to assess employees’ psychological status. The scientist noted that MetaHuman has the massive potential to transform employee management compared to the ordinal optimization program. The two observed that Metahumans could assess employee productivity.

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Kimberly Crain

Kimberly Crain is a seasoned crypto trader and writer, offering valuable insights into the digital asset market. With expertise in trading strategies and a passion for blockchain technology, her concise and informative articles empower readers to navigate the evolving world of cryptocurrencies.

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