The global and independent platform for the SAP community.

Metaverse between skepticism and hope

German companies are still hesitant when it comes to the metaverse. A fifth see it as an opportunity, but almost as many see it as a risk. Investments are set to increase in the coming years.
E3 Magazine
October 15, 2024
avatar
This text has been automatically translated from German to English.

The German economy is still standing on the brakes when it comes to the metaverse, according to a representative survey commissioned by the digital association Bitkom. Despite the many possible applications, there is still a great deal of uncertainty regarding the legal framework and the requirements for IT security and data protection. 37% believe that the metaverse will have no impact on their own company.

The biggest challenge for companies is a perceived lack of practical applications (76%). Three quarters (73%) do not yet consider the technology to be mature. 55 percent complain about insufficient standardization. At the same time, around a quarter (23%) are interested in and open to the metaverse, but almost as many (24%) are critical and reject it.

The largest group is still undecided (43%). One in ten companies state that the metaverse threatens their own business model, while 15 percent even feel that the metaverse threatens their existence.

Rising investments

But the market has potential. Investments in the metaverse are likely to increase significantly in the coming years. It is true that only two percent of companies invested in this area last year, and practically none did so earlier. However, six percent are already planning to invest in the metaverse this year, nine percent plan to do so in 2025 and as many as 22 percent expect to make their own metaverse investments after 2025.

bitkom.org

Write a comment

Working on the SAP basis is crucial for successful S/4 conversion. 

This gives the Competence Center strategic importance for existing SAP customers. Regardless of the S/4 Hana operating model, topics such as Automation, Monitoring, Security, Application Lifecycle Management and Data Management the basis for S/4 operations.

For the second time, E3 magazine is organizing a summit for the SAP community in Salzburg to provide comprehensive information on all aspects of S/4 Hana groundwork.

Venue

More information will follow shortly.

Event date

Wednesday, May 21, and
Thursday, May 22, 2025

Early Bird Ticket

Available until Friday, January 24, 2025
EUR 390 excl. VAT

Regular ticket

EUR 590 excl. VAT

Venue

Hotel Hilton Heidelberg
Kurfürstenanlage 1
D-69115 Heidelberg

Event date

Wednesday, March 5, and
Thursday, March 6, 2025

Tickets

Regular ticket
EUR 590 excl. VAT
Early Bird Ticket

Available until December 20, 2024

EUR 390 excl. VAT
The event is organized by the E3 magazine of the publishing house B4Bmedia.net AG. The presentations will be accompanied by an exhibition of selected SAP partners. The ticket price includes attendance at all presentations of the Steampunk and BTP Summit 2025, a visit to the exhibition area, participation in the evening event and catering during the official program. The lecture program and the list of exhibitors and sponsors (SAP partners) will be published on this website in due course.