Metaverses will keep expanding and innovating at an exponential rate. By 2032, it is estimated that just the metaverses will haveincreased our current data usage by 20 times. Thus, in order to truly deal with these amounts of data transactions, more modern data solutions must be adopted.
If companies do not prepare for processing and utilising this data, then it will be hard to catch up. The flow of data will have become incredibly thick and the generated data will have reached incredible numbers. Data platforms must be prepared to handle this data so that business owners can collect and process internal or third-party data to gain insights or to power other business processes.
Unlike the real world where physical and tangible goods are mostly what we interact with, metaverses allow us to have digital assets and let us experience virtual environments. These assets and platforms are all composed of multiple layers of data and it is this data that we actually interact with. We all know data has multiple dimensions and these dimensions can all be cross-analysed, compared, and extracted for any business purpose.