As part of efforts to integrate emerging technologies into its economy, Malaysia has unveiled a metaverse-based Intelligence Operations Centre (IOC), introducing a new wave of immersive digital infrastructure management.
Located in Selangor, the new Intelligence Operations Centre combines next-generation technologies to offer various functionalities for platform users. According to a report, the project leans on artificial intelligence (AI), Internet of Things (IoT), 3D visualization, and data analytics, pushing the frontiers of metaverse applications.
The report highlighted that the IOC will utilize AI for predictive maintenance and trend identification capabilities. Meanwhile, IoT devices will be used throughout the infrastructure network, feeding operational data into the IOC.
In terms of use cases, the newly minted IOC provides users with an immersive interface for managing infrastructure, leveraging 3D visualization technology. Users, spanning Malaysia’s public and private sectors, will be able to virtually navigate buildings and project sites that are a digital twin of their real-world equivalents on the IOC.
The IOC will enable users to monitor performance metrics and run simulations of operational strategies, thereby saving time and resources. Authorities say the pivot to a metaverse-based IOC will have its biggest use case from the government, allowing decision-makers access to live data streams from multiple projects.
The IOC will support the coordinated management of public infrastructure while enhancing the situational awareness of regulators. The system is poised to play a pivotal role in Malaysia’s push toward smart city initiatives and its adherence to global environmental, social, and governance (ESG) best practices.
Apart from supporting ESG practices, the metaverse-based IOC has found application in crisis management. Drawing data from its IoT sensors and utilizing AI-based analysis, the IOC will enable users to anticipate potential risks, providing teams with the ability to respond swiftly to cases of infrastructural failures.
Meanwhile, the Malaysian authorities plan to extend the IOC to other states in the country after demonstrating early promise to key industry stakeholders.
Metaverse poised for a comeback
Global interest in the metaverse has waned, although new use cases are reigniting investors’ optimism. This time, proponents of metaverse-based technologies are shifting their attention away from gaming and entertainment to explore other applications.
One report predicts a boom in the manufacturing sector, while others highlight use cases in education and tourism. Flowing from the renewed interest, experts are predicting that the metaverse market will reach a market capitalization of $1.2 trillion by 2033, with several bullish analysts forecasting highs of over $3 trillion.
Source: https://coingeek.com/malaysia-opens-metaverse-hub-healthcare-to-hit-47b/
