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Mike & Amit Talk Tech

The Metaverse: A place to live, or Silicon Valley pipe dream?

20 April 2023 • by Michael R. Wade, Amit M. Joshi in Mike & Amit Talk Tech

In episode three, Mike and Amit explore how digital spaces are developing and whether companies will need a 'Metaverse strategy' to compete in tomorrow's economy...

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“The Metaverse” is a term that defies easy definition. Even before you start to outline its features, you first have to ask if it’s the metaverse, a metaverse, or if it’s metaverses (plural) you’re discussing.

But regardless of how you define it, The Metaverse is creating waves in the tech sector. Several companies have put it at the center of their growth strategies – and, in the case of Facebook, even changed their name to include it. 

But what are the building blocks of a Metaverse? If it’s simply a collection of digital spaces, how is it different from a 3D film? And do you even need a VR headset to get there?

Michael Wade says what makes the Metaverse is immersion and participation, and Amit Joshi agrees, saying you can’t have one without the other. In episode three of Mike and Amit Talk Tech, these two award-winning professors ask how the Metaverse is developing, how much time we’ll spend using it, and whether companies will need a ‘Metaverse strategy’ to compete in tomorrow’s economy.

 

Authors

Michael Wade - IMD Professor

Michael R. Wade

TONOMUS Professor of Strategy and Digital

Michael R Wade is TONOMUS Professor of Strategy and Digital at IMD and Director of the TONOMUS Global Center for Digital and AI Transformation. He directs a number of open programs such as Leading Digital and AI Transformation, Digital Transformation for Boards, Leading Digital Execution, Digital Transformation Sprint, Digital Transformation in Practice, Business Creativity and Innovation Sprint. He has written 10 books, hundreds of articles, and hosted popular management podcasts including Mike & Amit Talk Tech. In 2021, he was inducted into the Swiss Digital Shapers Hall of Fame.

Amit Joshiv - IMD Professor

Amit M. Joshi

Professor of AI, Analytics and Marketing Strategy at IMD

Amit Joshi is Professor of AI, Analytics, and Marketing Strategy at IMD and Program Director of the AI Strategy and Implementation program, Generative AI for Business Sprint, and the Business Analytics for Leaders course.  He specializes in helping organizations use artificial intelligence and develop their big data, analytics, and AI capabilities. An award-winning professor and researcher, he has extensive experience of AI and analytics-driven transformations in industries such as banking, fintech, retail, automotive, telecoms, and pharma.

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