The Metaverse: The Dawn of a New Generation of Capabilities

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The big picture: The metaverse has the potential to be a disruptive, expansive and transformative force, even to the point of spawning its own economy. Every board has a fiduciary duty to evaluate that potential for its company’s future.

By the numbers: According to a survey of 250 global business leaders, the metaverse has the potential to dramatically alter the future of the human experience.

Almost all survey participants expect a “moderate to significant impact” on the global economy 10 years out and believe that the metaverse will be “moderately to extremely important” to business success.
In fact, a majority of organisations (55%) are already deploying the metaverse in various areas of the business.

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What is at stake: It is the classic “too big to ignore” dilemma compounded by uncertainty over the time horizon for evaluating ROI.

The bottom line: Boards should evaluate the potential of the metaverse to the organisation with a focus on management’s capabilities for monitoring emerging technologies, evaluating potential threats and opportunities, and developing use cases to reality-test opportunities and identify risks.

Go deeper: Read more here, including relevant action steps for boards and suggested questions for directors to raise in discussions with management.

(Board Perspectives — Issue 165)

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