– Transversal skills will become the new metrics of the circular economy.
2022 has been all about digital transformations, new technologies and engaging experiences. Integrating technology into Learning and Skill Development to create enhanced learning outcomes has taken centre stage.
The metaverse education has been at the forefront of technological innovations this year so far. Businesses from banking to retail, educational institutes and even healthcare are all poised to leap into the mirror world and exploit the opportunities.
However, to keep pace with technological innovations, employees need to be trained and made ready to work with cutting-edge technologies. Industrial or Vocation Job training can help reduce the skill gaps and prepare a futuristic workforce ready to meet the demands of the technology era.
The Influence of Industry 4.0
Marching ahead with the rapid technology developments, Industry 4.0 is expected to drastically change how we live, learn, work, and conduct business and social interactions. The overlapping and integrations of physical and virtual worlds hold thrill and promise. The promises of decentralization with the advent of technologies like blockchain and metaverse and the impact that they can have on society take them beyond mere technologies. The ability to positively impact humans worldwide abound with the enhanced inclusivity and equity that these technologies can bring about.
With the advent of new digital tools, businesses rely more on technology-driven systems. Artificial Intelligence, Big Data, Robotics etc., are already established, and their complexity and use cases will increase alongside emerging technologies like AR-VR-MR, blockchain, metaverse etc.
This is, however, leading to a skills shortage. Job markets are reeling under pressure to find employable candidates. Skill development and upskilling are vital to sustaining the circular economy.
VET or Vocational Education and Training can definitely close the gap through accessible training infrastructure for current and future employees.
Transversal skills will go a long way in empowering workers and keeping them employable. Effective VET systems can bring in changes required for qualifications and competencies through collaborative stakeholder participation. Companies investing in VET can create specialized teams of skilled workers leading to better returns on their investment.
The Role of the Metaverse in Training and Development
– Owl Labs has released a report mentioning that almost half of the UK’s population is keen on adopting metaverse in the workplace.
– PwC estimates that AR and VR will impact about 23 million jobs.
– Accenture purchased 60000 VR headsets for training recruits in 2021 (Vrworld tech)
Metaverse offers a virtual risk-free zone that enhances skill development by allowing innovation through continuous learning and continuous improvement.
Read more: Metaverse Investment Guide
Metaverse Training supported ably by AR and VR offers a new dimension to teaching and learning approaches. AR and VR technologies have impacted the education and training sectors. With the emergence of the metaverse, the scope to widen the net is an opportunity to grab. As consumers seek more engaging experiences, the business world will also adapt to benchmarking it for training and learning purposes. Industry leaders realise the benefits of immersive and interactive methods for creating employee and customer engagement. Trainees can train remotely in a zero-risk zone and gain valuable hands-on learning and job experience. With the fear factor removed, trainees become more innovative and creative, often leading to better problem-solving. The add-on benefits of metaverse VET include scalability, faster training, lower costs, reduced carbon footprints due to less travel, booking of training centres, availability of machinery, etc.
Spotlight – Use Cases of Metaverse Enabled VET
China based, Meten Holding launched its Metaverse vocational education courses in 2021. Its aim is to train 3000 learners in visual design and related courses and generate billings of $9.48 million in 2022.
(PRNewswire)
Metaverse Learning, UK has launched an immersive Carpentry & Joinery program as part of the Diploma in Wood Occupations module. The program trains learners on tools, and materials, repair jobs fixing roofs and doors, etc.
(Metaverse Learning, UK)
The American Red Cross society employs immersive technology to offer hands-on training for remote training. In this training, learners could practice on avatars and were tracked for learning gaps which they could improve. This enabled them to train in a risk-free setting repeatedly before moving on to real human scenarios.
(Training Industry)
Shell has trained 9000 frontline workers in VR to improve workplace safety
Warpvr.com
The Seoul Metropolitan Government (SMG) has launched a metaverse training centre to train users on bicycle safety riding habits. Users where users can experience road scenarios and train as per their needs from beginner to expert levels.
(Seoul Metropolitan Government)
The Way Forward
– The global metaverse market is all set to touch $800 billion by 2024. (Earth Web)
– GlobeNews Wire declares that the global metaverse in the education market will reach $94.9 billion by 2030
Immersive hands-on training is successful in teaching job skills as well as soft skills. The PwC survey conducted on VR as an effective training tool revealed that physical locations and high costs barriers became non-existent. Moreover
– VR learners learnt 4X times faster
– 275% more confident about their skills
– 3.75 X engaged with content than classroom learners
Metaverse School for VET will play a big role, and leading companies want to reap the benefits of it. Employers are adapting to the needs of the 21st-century workforce and investing in metaverse-enabled learning and development.
Edverse- The Most Insightful Education Metaverse Ever!
Edverse is a leading Metaverse Education company seeking to build partnerships with all stakeholders from the educational domain. It has a range of solutions customized to meet the learning and development needs of various sectors, from education to healthcare. Visit www.edverse.com to know more.
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