Tech Mahindra reveals TechMverse to boost commerce in the metaverse

The company will leverage world-leading network and infrastructure resources in partnership with hyperscalers and startups to create B2B use cases across industries.

Tech Mahindra , a leading provider of digital transformation, consulting and business reengineering services and solutions, announced the launch of TechMverse, its Metaverse practice to deliver interactive and immersive Metaverse experiences for your customers. Aiming to transform the customer experience and deliver real business results, Tech Mahindra will leverage its world-leading network and infrastructure capabilities along with its foundational technology capabilities including Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality ( AR), Virtual Reality (VR) and Quantum Computing to create B2B use cases across industries.

“The Metaverse is a disruptive opportunity to unlock the next frontier of new-age digital immersive experiences. With our foray into the Metaverse, Tech Mahindra is focused on enabling limitless opportunities in the virtual world, creating scalable services through foundational capabilities and device engineering expertise.”

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In its early phase, Tech Mahindra will leverage the opportunities presented by Metaverse through various use cases, including DealerVerse, a metaverse-based car dealership; Middlemist, NFT market; and Meta Bank, a virtual bank and gaming center. It will offer immersive digital and professional experience services across design, content, as well as non-fungible token (NFT) and low-code plug and play Blockchain platforms, as well as aligning metaverse strategy with digital and environmental, social and security strategy. Tech Mahindra's governance (ESG) objectives. Additionally, Tech Mahindra has also collaborated with Mahindra & Mahindra Ltd. to offer exclusive Digital Collectibles, starting with a series based on one of the latter group's most iconic brands. These collectibles will be listed,

CP Gurnani, General Manager and CEO of Tech Mahindra, said: “The Metaverse has the power to disrupt our reality, as well as the future, forever. At Tech Mahindra, we have always been at the forefront of 5G and our entry into the Metaverse is yet another milestone in our journey to catalyze future readiness and disrupt and transform customer experiences. The fundamental layers of the metaverse are very well integrated into Tech Mahindra and its competencies. From infrastructure to experience, from space computing to today's commerce, Tech Mahindra's platform, TechMverse would enable a seamless integration between our well-known 5G expertise with our skills in AI, AR/VR and blockchain. We would be training a workforce of 1,000 engineers to ensure they are ready to solve complex business challenges and imagine new worlds for our customers and society.”.

The Metaverse is a rapidly evolving digital environment where individuals can interact with each other in a 3D virtual space. As the Metaverse's global revenue opportunity could reach $800 billion by 2024, Tech Mahindra is poised to harness the power of the Metaverse to bring imaginations to life and deliver futuristic experiences NOW. The network of the future, 5G, will form the backbone to provide an enhanced customer experience in the metaverse universe. At this year's Mobile World Congress (MWC), Tech Mahindra's “Welcome to Simplicity” showcase reflects how the technology leader is poised to enable Communications Service Providers (CSPs) to take advantage of this new wave of technology powered by network resources,

Manish Vyas, President of Communications, Media and Entertainment and CEO of Network Services, said: “ The Metaverse is a disruptive opportunity to unlock the next frontier of new-age digital immersive experiences. With our foray into the Metaverse, Tech Mahindra is focused on enabling limitless opportunities in the virtual world, creating scalable services through foundational capabilities and device engineering expertise.”

As part of the NXT.NOW ^TM framework , which aims to enhance the “Human-Centered Experience”, Tech Mahindra focuses on investing in emerging technologies and solutions that enable digital transformation and meet evolving customer needs.

Source: Tech Mahindra media announcement