Hong Kong-based HGC is completely sold on the idea of the metaverse and has launched a new suite of services in an effort to capitalize on the hype.
Billing itself as the “powerhouse” of the metaverse, its new portfolio is called EdgeX, and leverages HGC’s diverse infrastructure assets and managed services, and assembles them into a cohesive offering that promises OTT businesses all the ingredients they need. needed to launch successful metaverse services. .
These ingredients include, for example, high-speed, low-latency long-distance IP connectivity. They also include enterprise-grade cloud connectivity and data center services, including storage and edge compute resources. Cybersecurity will also be available to EdgeX customers, as will various managed services and systems integration services.
“EdgeX by HGC not only delivers faster and smoother service delivery, it also extends OTT services with increased edge agility to capitalize on the huge growth potential around this industry,” said Cliff Tam, HGC’s senior vice president of international affairs for global data strategy and operations, in a statement Thursday. “By enabling OTTs to offload their cloud infrastructure and colocation services while increasing network speeds, we allow users to focus on pushing the boundaries of innovation, which is so crucial as the metaverse begins to take shape.”
The shape of the metaverse is still very abstract. From the examples we’ve seen so far, it’s like animal crossing but without any charm. Or fun. A polite way to put it would be to say that there is still a lot of work to do.
The industry is ready for the challenge. A group of tech companies including Meta (Facebook), Nvidia, Epic, and Microsoft were among a group of companies that banded together last month to try to shape the metaverse into some form. Together, they founded the Metaverse Standards Forum, which among other things aims to bring consistency to the development and deployment of metaverse services. They also plan to tackle issues such as privacy, identity management, and financial transactions.
Once this cohesive and compelling metaverse content has been developed, it still needs a decent underlying infrastructure to actually work. This is where HGC believes its EdgeX portfolio can play a role, providing an optimal network and cloud environment.
“Companies around the world are rapidly moving into this new segment,” the telecom operator said. “However, many lack the knowledge, experience, or scale to build and manage the digital backbones needed to succeed, which requires high levels of performance, redundant systems, and seamless integration between different segments. of digital infrastructure. This is where the new EdgeX by HGC service set solves the problem.
Despite the mountain of work that remains to be done to enter the era of the metaverse, the hype train has well and truly left the station. Gartner estimates that by 2026, a quarter of people will spend at least one hour a day in the metaverse, where they will work, shop, educate themselves, socialize or generally be entertained. Meanwhile, PwC believes XR technology — which includes augmented reality, virtual reality, and encompasses all related use cases, not just metaverse elements — will contribute $206.5 billion to global GDP this year. By the end of the decade, he thinks he will contribute north of $1.5 trillion. Hopefully, by then, the Metaverse experience will be orders of magnitude more compelling than it is today.
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