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Home Crypto News

Renault Launches Its Industrial Metaverse

Admin by Admin
November 16, 2022
in Crypto News
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Renault Launches Its Industrial Metaverse
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Renault, one of the biggest automakers in the world, has announced it has built the first industrial metaverse, with all its production lines supplying data to this world.

According to the company, this digital twin replica will allow it to save $330 million by 2025, diminishing warranty expenses, delivery times, and the carbon footprint of its activities.

This industrial world includes the interconnection of production lines, monitoring the totality of the supply chain, and almost all of the supply flows.

The company has stated that the implementation of this tech will produce substantial benefits, including savings in the order of $330 million by 2025. The industrial metaverse will supposedly allow the company to reduce delivery times by 60% and reduce the carbon footprint of vehicle production by 50%. Warranty costs will also be reduced by 60%.

Renault’s metaverse is fed by a system based on digital twins, replicas of the factories and production lines the company operates, but in a virtual world.

The system is then fed with data streams coming from the same factories and production lines, that have been equipped with a massive data capture solution called ID@scale, which is currently also being offered to other companies.

Other companies are also leveraging the metaverse with an industrial implementation in mind.

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