Renault Group launched the first-ever industrial metaverse.
The project will help the company save $330 million, plus $270 million in inventory savings by 2025.
Each factory will have its virtual replica in the metaverse, operated by a control tower.
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French car manufacturer Renault Group has announced the world’s first automobile industrial metaverse. Renault’s new project is part of its ongoing digital transformation and aims to monitor supply flow and supply chain data.
The industrial metaverse is divided into four segments: mass data collection, digital twins of processes, the supply chain ecosystem, and a set of advanced technologies.
Economically, the metaverse project will bring Renault a hefty sum of savings, an estimated $600 million in general and inventory savings by 2025, along with reducing:
- Vehicle delivery time by 60%.
- The carbon footprint of vehicle manufacturing by 50%.
- Warranty costs by 60%.
Regarding data collection from its factories, Renault created the Industrial Data Management Platform 4.0 (IDM4.0), centralizing the industrial data on a Google Cloud platform. The data will continuously feed the metaverse, allowing real-time corrections in the production process.
“The Metaverse provides real-time supervision that increases the agility and adaptability of industrial operations as well as the quality of production and the Supply Chain,”said Jose Vicente de Los Mozos, EVP of Industry Group and Head of country Iberia.
The Renault industrial metaverse is a replica of the company’s real-world industrial sites, also controlled in real-time, where over 8,500 pieces of equipment are connected, and 90% of the supply flow is monitored. Each factory has its own replica in the virtual world, each supervised by a control tower. The virtual replicas are integrated into Renault’s entire ecosystem and work hand in hand with sales forecasts, supplier data, quality control, road traffic, and machine learning.
Renault is the most recent automotive company to enter the Web3 space. In April, Japanese companies Toyota and Nissan entered the virtual world by offering employees virtual workspaces and launching virtual showrooms to display new cars for clients.
In March, the German automaker Audi became the first to incorporate virtual reality technology into its vehicle lineup. Passengers in the back seat can enjoy games, experiences, films, and other interactive content with a VR headset.
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