INSTITUTION’S INNOVATION COUNCIL – IMPACT LECTURE SERIES On METAVERSE RETHINKING REVENUE On 22-July-2022

Speaker addressing to the students

The event was co-ordinated by the Faculty Co-ordinator Dr. Dhanalakshmi K and Student Co-ordinators Mr. Deepak Kumar and Ms. Preethika, First Year PGDM Students, respectively.

Ms. Meenakashi Patil

Global Lead – Strategic Partnerships at IBM

The program began with an introductory address on Institution’s Innovation Council by Mr. Deepak Kumar, First year Student, PGDM. The speaker of the day Ms. Meenakshi Patil was introduced by Ms. Preethika, First year Student. She addressed the students gathering, that most of the corporates like Markzuckberg, J. P. Morgan, Goldmansachs, Citibank are staggering the revenue  $ 2.5 million, $ 500 million, $ 8 trillion and $ 13 trillion, respectively and J. P. Morgan invested $ 500 million in virtual real estate in 2021. The present world was evolving through AR (Augmented Reality) and Virtual Reality (VR) and currently they are working on (XR) i.e., Extended reality and Digital Twin Experience.She outlined on the new internet rules are Connection, Commerce, Consent, Collaborations, Community, Copresence and now the trend is on Co-reality. She briefed on Metaverse elements, viz., Immersion, Communities, Persistence, Decentralisation, Virtual Economies and Interoperability. Metaverse is associated with multiple technologies, AI, cloud computing, SSI (Self Sovereign Identity) and DID (Decentralized Identifiers).She concluded stating the future of Metaverse in Spatial Community, Persistent Environment, Spatial Computing, Digital Identity and virtual Economy. She also shared her experiences with the students about her clients and motivated students. She explained with some examples like Gucci and students responded with some more examples of Hyundai and Nike.

Dr. Swapna, Principal presenting the memento to the guest

Students and faculty members with the speaker

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