tech-mahindra.jpg.webp

Tech Mahindra, one of the leading providers of digital transformation, business restructuring services, solutions and consulting, announces the launch of TechMVerse. Tech Mahindra's TechMVerse aspires to provide its existing customers with an immersive and interactive experience in Metaverse.

Tech Mahindra will leverage its leading infrastructure and network capabilities, as well as technology capabilities such as blockchain, artificial intelligence, augmented reality, 5G, quantum computing and virtual reality, to build B2B use cases across different domains that will transform the customer experience while delivering real business results.

Take advantage of opportunities

Tech Mahindra announced its entry into the Metaverse on Twitter with a tweet on its official handle. Initially, Tech Mahindra will look to leverage the opportunities offered by the Metaverse using several use cases such as the Metaverse-based car dealership DealerVerse, the NFT marketplace Middlemist and the virtual banking and gaming hub Meta Bank. Using these use cases, Tech Mahindra will be able to Deliver digital and professional experiences around content, design, plug-and-play NFT tokens and blockchain platforms, among other things. The strategy will also be aligned with Mahindra's ESG (Environmental, Social and Governance) goals.

Exclusive digital collection collaboration

In addition, Tech Mahindra has announced a partnership with Mahindra & Mahindra LTD to offer exclusive digital collectibles based on one of Mahindra & Mahindra's most famous and iconic brands. These collections will be minted and sold through Tech Mahindra's leading NFT marketplace platform.

Tech Mahindra's Milestones

Commenting on its entry into the Metaverse and its potential for Tech Mahindra, CP Gurnani, Managing Director and CEO, Tech Mahindra, said.

"The metaverse has the power to disrupt our reality as well as our future forever. At Tech Mahindra, we have been at the forefront of 5G and our entry into the metaverse is another milestone in our journey to facilitate future readiness and disrupt and transform the customer experience. The foundation layer of the Metaverse is well integrated into Tech Mahindra and its capabilities. From infrastructure to experience, from spatial computing to business now, Tech Mahindra's platform, TechMverse, will enable seamless integration of our known expertise in 5G with our skills in AI, AR/VR and blockchain. We will train a workforce of 1,000 engineers to ensure they are ready to tackle complex business challenges and imagine new worlds for our customers and society."

Thriving

As the Metaverse grows in popularity and adoption, it represents a global revenue opportunity that could reach or exceed $800 billion by 2024. tech Mahindra has positioned itself at the forefront of harnessing the potential offered by the Metaverse, as the tech giant looks to leverage 5G to deliver a seamless and enhanced experience in the metaverse.

Tech Mahindra has demonstrated its potential with its "Welcome to Simplicity" showcase at Mobile World Congress. The demonstration showed how the company plans to enable communication service providers to take advantage of this new technology.

Speaking about partnering with Tech Mahindra and entering the Metaverse, Manish Vyas, President and CEO of Communications, Media and Entertainment and Network Services, said

"The metaverse is a disruptive opportunity to unlock the next frontier in the new era of digital immersive experiences. As we move into the metaverse, Tech Mahindra aims to create endless opportunities in the virtual world by building scalable services with foundational capabilities and device engineering expertise."

Disclaimer: This article is for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.