Tech Mahindra unveiled TechMverse, its metaverse practice. The company stated that with technologies such as Artificial Intelligence, 5G, AR, VR, Quantum Computing and Blockchain along with their world-class network and infrastructure capabilities, they will build B2B use cases across various sectors. The primary objective of this launch is to transform consumer experience and deliver real business outcomes.
In the initial phase, the company will be taking advantage of the metaverse’s benefits through a variety of use cases, which includes a metaverse-based vehicle dealership, a non-financial transaction marketplace, a virtual Bank and a gaming centre.
In a statement, the company remarked that it will offer immersive digital and professional experience services in design, content as well as low code plug and play NFTs and Blockchain platforms. They will also be aligning the metaverse strategy with the company’s ESG goals. According to Tech Mahindra MD and CEO CP Gurnani, the organisation’s entry into the metaverse is a “milestone” in their journey of accelerating “future-readiness and transforming customer experience”. He also remarked that the firm has always been at the forefront of 5G.
Tech Mahindra will be training a workforce of 1000 engineers in the first year. The hub of the company will be through Dallas, London, Pune and Hyderabad initially. The fundamental layer so metaverse will be intertwined with Tech Mahindra and its competencies. For the training of the workforce, Gurnani stated that as per his assumptions, 50 per cent will be the existing workforce and the other 50 per cent is hired from outside.
The organisation is currently doing two projects on metaverse in India and seven globally. They expect to have a decent share “or a reasonably high market share”. The company’s vision is to have a global market share in course of its development. Even though during the project, the employees’ interaction will have to be more, they will not be neglecting the idea about ‘working from anywhere’.
Gurnani said that increasing the attrition rate in IT firms will be a challenge in the upcoming six months. By the time academia, internal and external training, re-skilling etc come to a balance, there will be attrition since everybody will be attempting to fulfil the projects. According to the CEO, this is the reason why they have gone to the Tire-II cities.
Furthermore, the company has collaborated with Mahindra & Mahindra Ltd., to offer exclusive digital collectables starting with a series based on one of the most iconic brands. In Tech Mahindra’s industry-leading NFT Marketplace platform, the collectables will be listed, minted and offered for sale.
Source: indiaai.gov.in
