Renault Group Launches the First Industrial Metaverse

Renault Group Launches the First Industrial Metaverse

One of the biggest automakers in the world, the Renault Group, has announced it has launched the first industrial metaverse, with all its production lines supplying data. According to the company, the digital twin replica will save USD 330 million by 2025, diminishing warranty expenses, delivery times, and the carbon footprint of its activities.

Renault’s Industrial Metaverse in Motion

Automobile company Renault has announced that it is running an industrial metaverse of activities and processes that allow the company to monitor data from all production lines. The industrial world includes the interconnection of production lines and the complete monitoring of the supply chain.

The company has stated that the technology will produce substantial benefits, including savings of USD 330 million by 2025. The industrial metaverse will help reduce delivery times by 60% and the carbon footprint of vehicle production by 50%. Warranty costs will also be reduced by 60%, according to an estimate by Renault.

Jose Vicente de Los Mozos, EVP, Renault industry group and head of country Iberia, stated:

"Every day, billions of pieces of data are collected within Groupe Renault’s industrial sites. The metaverse provides real-time monitoring that increases the agility and adaptability of industrial operations, as well as the quality of production and the supply chain."

Metaverse ‘Digital Twin’ Solution

Renault’s metaverse is based on digital twins, replicas of the factories and production lines the company operates, but in a virtual world. The system uses data streams from the same factories and production lines that have been equipped with a massive data capture solution called ID@scale.

This platform has been safeguarding the production process of the company, with some of its components detecting 300 alerts and avoiding 300 production line halts. Patrice Haettel, vice president of industry strategy and engineering, stated:

"This industrial metaverse is unique and allows us to activate efficiency and performance levers that were previously invisible, for the benefit of people and the environment."

Other companies are also planning to enter the industrial metaverse realm. In October, Microsoft announced it was working to bridge its services with the metaverse and provide its cloud services to help with industrial processes as well.

The hype around the metaverse continues as companies queue up to join the virtual world. But will the metaverse benefit the world at large? Please comment.