Sunday, October 1, 2023

According to the European Commission, “Extended Reality” will create 860,000 jobs by 2025

The European Commission estimates that “extended reality” (technology that allows you to interact with virtual worlds) will create 860,000 jobs in Europe by 2025.

Extended reality, or RX, is a general term that encompasses a wide range of technologies such as virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for virtual worlds. As the commission said on 11 July.

“The impact on employment is expected to be very significant,” he said. Considering that 1.2 million to 2.4 million jobs will be created directly or indirectly in other sectors by 2025.

However, the commission noted that Today most of the innovation around the metaverse occurs in the United States, China, and South Korea.

“Unlike these countries, there is no tech giant in the EU that will lead investment in the development of virtual worlds for the next decade.”

Most of the AR/VR market activity in Europe is focused on gaming, media and entertainment, but there is “plenty of scope” for other applications such as retail, healthcare, military and security, defense and manufacturing industries.

The commission noted that The virtual world enabled by these RX devices is one of the technologies that will enable the “next generation” of the World Wide Web—Web 4.0—in which physical and digital objects are brought together in virtual environments in real time.

“We are at the beginning of a far-reaching technology transformation: Web 4.0. The virtual world is a key enabler of Web 4.0 that could significantly revolutionize people’s daily lives and open up a wide range of opportunities across many business and trade ecosystems. Industrial”.

Some examples are the use of virtual worlds to train surgeons in complex medical procedures, the use of “digital twins” to preserve cultural heritage buildings, or even the use of 3D models to solve global warming. are also

In their working paper presented to the European Parliament, The commission has proposed its plan to become a “world leader” of Web 4.0 and the metaverse.

“Today, Europe is jumping into the fray to become the world leader in Web 4.0 and the virtual world,” said Thierry Breton. European Commissioner for the Internal Market.

The commission has proposed a total of 10 actions to achieve this, These include attracting talent to the field specializing in virtual worlds, creating standard rules to test new ideas, and developing global standards for interoperable metaverses.

“Europe has what it takes to lead the next technology transformation: innovative start-ups, rich creative content and industrial applications, a strong role as a global standard-setter and a predictable and innovation-friendly legal regime,” Breton said. framework.”

Nation World News Desk
Nation World News Desk
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