TechM rolls out metaverse practice TechMVerse

Hyderabad: Tech Mahindra (TechM) on Monday became one of the first players in the country to announce the rollout of its metaverse practice called TechMVerse as part of efforts to drive commerce in metaverse and provide interactive and immersive experiences to customers globally. TechMVerse was unveiled simultaneously at Hyderabad and the Mobile World Congress (MWC) being held at Barcelona.
TechM plans to leverage its network and infrastructure capabilities as well as its emerging tech capabilities in pervasive Artificial Intelligence (AI), Blockchain, 5G, Augmented Reality (AR), Virtual Reality (VR), and Quantum Computing to build B2B use cases across sectors .
To start with, it will leverage its Mahindra group companies to develop use cases like a metaverse-based car dealership called DealerVerse, a virtual bank called Meta Bank, NFT (non-fungible tokens) marketplace, Middlemist as well as a gaming center.
It will have four hubs globally dedicated to TechMVerse, including Hyderabad and Pune in India, Dallas in the US and London in UK, TechM managing director & CEO CP Gurnani told newspersons on Monday.
He said the Hyderabad center will play in TechMVerse and will be known as the metaverse capital for TechM from where it will serve 1,200 customers globally and help them migrate to metaverse.
Pointing out that the currently about 100 employees are working on metaverse, mainly out of Hyderabad and Pune, he said plans are afoot to ramp this up to about 1,000 people in one year with 50% of the new team comprising of in-house talent and the rest through industry hiring.
While the Hyderabad team will be focused on Blockchain, NFT, cloud technology and integrated services, the team in Pune has skills around AI, AR/VT and spatial computing. The company will be hiring talent around content designing, AI, 5G and spatial computing. A digital environment where individuals can interact with each other in a 3D virtual space, the global Metaverse revenue opportunity is estimated at about $800 billion by 2024.


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