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Home » Nokia’s 2030 Strategy Aims to Harness the Expansive Power of the Metaverse
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Nokia’s 2030 Strategy Aims to Harness the Expansive Power of the Metaverse

2024-03-01No Comments2 Mins Read
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Nokia's 2030 Strategy Aims to Harness the Expansive Power of the Metaverse
Nokia's 2030 Strategy Aims to Harness the Expansive Power of the Metaverse
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Nokia, a telecommunications infrastructure company, is expecting a surge in network demand due to advancements in the metaverse, Web3, and artificial intelligence (AI). To address this demand, Nokia plans to fill the gap by 2030.

Nokia’s Technology Strategy 2030 report focuses on developing a future network architecture to serve the emerging innovations market. They predict a 22%-25% increase in network demand from 2022 to 2030. Federico Guillén, president of network infrastructure at Nokia, attributes this rise to the recent mainstream introduction of generative AI and virtual reality devices.

To implement their strategy, Nokia plans to invest heavily in their portfolio of network equipment and services in the coming years. They will cater to six ecosystems, including the Internet of Value, which focuses on decentralization, blockchain, and smart contracts. Nokia’s focus on the metaverse will involve human augmentation, spatial computing, and split processing.

Other ecosystems Nokia will cater to include AI, Industry 5.0, Application Programming Interface (API) economy, and Cloud continuum.

In 2022, Nokia established two labs to study the metaverse and the underlying technologies. In 2023, they experimented with various industrial and large-scale metaverse initiatives.

Nokia has developed a future network architecture based on network digital twin technology. Digital twin is a simulation of a physical object primarily used for prototyping and testing in industries like manufacturing and construction. In South Australia, Nokia has utilized the metaverse to potentially assist Cessna aircraft technicians at remote airports. They used a 5G connected Microsoft HoloLens to instruct people on servicing a Cessna using augmented reality.

In Finland, two scientists conducted experiments with digital twins called “Metahumans” to showcase the gamification potential of the metaverse for employee management. They suggested that data collected from digital twins in industrial simulations could be used to determine optimal work strategies, safety measures, and potential performance and output.

In other news, the owner of a CryptoPunk Seedphrase with seven traits has partnered with Sotheby’s, a renowned auction house, in the field of NFT collecting.

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