25th January 2022

By: Dr. Antonius Alijoyo

This article is inspired by two underlying reports made by MIT (Massachusetts Institute of Technology) on “A Triple Revolution” and Accenture on the “Metaverse Continuum.”

The triple digital revolution talks about the implications of digital, exponential, and combinatorial as new ways of allocating decision making between mind and machine, which are mainly driven by artificial intelligence (AI), new ways of organizing products and platforms which are primarily driven by the Internet of Things (IoT), and new ways of connecting the core and the crowd which is mainly driven by blockchain technologies. One of the very important phenomena due to this revolution is the ‘metaverse.’ As the evolution of the internet, it will be a continuum of rapidly emerging capabilities driven by technologies and experiences.

The metaverse continuum is a spectrum of digitally enhanced worlds that applies across all areas of a business enterprise, from consumers to employees, from real to virtual, and from the cloud and artificial intelligence to extended reality, blockchain, digital twins, edge technologies beyond. The Metaverse Continuum will transform how enterprises interact with customers, how work is done, what products and services companies offer, how they make and distribute them, and how they operate their organizations.

Where the new worlds are taking shape, and what would be of worth-considering steps for board members and risk professionals to anticipate its impacts?

Like the beginning of the digital era, enterprises that accelerate through this wave of technology disruption maybe those who are better positioned for the future. In this article, let us explore how today’s technology innovations are the building blocks of our future. What are the relevant trends that matter and need to be watched out.

As a result, board members and risk professionals in the corporation need to investigate some trends that are relevant and taking, from there, consider the spectrum in their strategic risk management framework, gaining some foresight to turn this technology innovation not as disruptions but as an opportunity to lead their business ventures.

In this regard, Accenture shares their report about four trends that are worth to put into consideration by decision-makers in the corporations:

  • Trend 01 WebMe: Putting the Me in Metaverse
  • Trend 02 Programmable World: Our Planet, Personalized
  • Trend 03 The Unreal Making Synthetic, Authentic
  • Trend 04 Computing the Impossible: New Machines, New Possibilities

Trend 01 WebMe.
WebMe explores how the internet is being reimagined. The metaverse is emerging as a natural evolution that reconciles how the internet is designed today with what we will demand from it going forward. As such, the advent of the metaverse, and underlying efforts to reimagine how data shapes our digital experiences, will challenge businesses to rethink their presence online and become a part of shaping the next platform revolution as they build new ways to connect to customers, partners, and their digital workforce.

Trend 02 Programmable World: Our Planet, Personalized.
The Programmable World tracks how technology is threaded through our physical environments in increasingly sophisticated ways. As technology becomes part of the fabric of our environment, it allows us to treat our environment more like technology—unlocking an unprecedented fidelity of control, automation, and personalization.

Trend 03 The Unreal Making Synthetic, Authentic
The Unreal is a trend where our environments and businesses are increasingly filled with passably human machines. “Unreal” qualities are becoming intrinsic to AI, and the data enterprises aspire to integrate into mission-critical functions. Like it or not, enterprises have been thrust into the forefront of a world questioning what’s real, what isn’t, and if the line between those two matters.

Trend 04 Computing the Impossible: New Machines, New Possibilities
We are on the precipice of resetting the boundaries of traditional industries as we begin Computing the Impossible. The outer limit of computationally possible is being disrupted as a new class of machines emerges. As problems once considered impossible become ever more solvable, business leaders will be pushed to reimagine how to harness the next generation of computing power.

I hope this article is useful for board members, risk oversight committee, and risk professionals

Dr. Antonius Alijoyo
Founder of Center for Risk Management and Sustainability Indonesia