Renault Launches Industrial Metaverse

French automobile maker launches Industrial Metaverse hopes to manage mass data collection and cost expenses significantly.

Nov 20, 2022
by Michael
Renault Launches Industrial Metaverse
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In continuation of its digital transformation strategy, French automobile manufacturer, Renault has launched an industrial metaverse. The newly launched initiative is targeted towards tackling some business difficulties encountered by the company. 

These challenges include information flows, control over production processes, and management. Renault Industrial Metaverse will function under four major points: mass data gathering, digital versions of processes, supply chain ecosystem connectivity, and a range of advanced technologies.

Aims of Renault Industrial Metaverse 

To further assist in mass data collection, the company has developed a large data collection platform tagged Industrial Data Management Platform 4.0. This platform feeds the Industrial Metaverse with real-time monitoring and sharing of production process performances. With this in place, every Renault factory gets to have a digital replica of data from suppliers, sales forecasts, and quality information. The system allows for monitoring and control from a central location. It also features a supervision tool and alerts that signal transport and offers anomalies. 

By 2025, Renault Group would have saved €320 million (approximately $331,000) through the implementation of its industrial metaverse and its features. Invariably, vehicle delivery time will be reduced by 60%, and the carbon footprint of vehicle manufacturing will decrease by 50%

The metaverse train is ever-increasing as many traditional companies are joining the fast-rising technology. Top automakers are not left out in the metaverse exploration. Japanese automakers, Nissan and Toyota have dropped hints regarding the metaverse. While Nissan is trying to create virtual rooms for its customers, Toyota is enabling virtual work environments for its employees. Other automobile makers like Volkswagen and Mercedes-Benz have also launched metaverse campaigns. Italian luxury sports car manufacturer, Ferrari has also dabbled into NFT minting in partnership with Velas blockchain. 

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