The metaverse is becoming integrated into the consciousness of businesses and will become prominent for the future of work. The metaverse is a virtual space where people can work, play, shop, socialize just like we do in the real-world (or real-life). The metaverse promises to be another world where we all can do things such as travel, go to concerts, take training classes, converse with colleagues feeling like you’re there, and feeling like other people are there with you. This virtual environment also promises to create a working environment in the same way. As this new future evolves so will the delivery of knowledge. Knowledge management (KM) is driven by collaboration, sharing, capturing, using, and reusing knowledge effectively. The metaverse will increase the geographic reach of participants enabling an increase access to knowledge and the need for KM!
In the metaverse knowledge management will take hold and be adopted in an immersive environment with the possibility of accelerating knowledge management’s effectiveness. Technology will play an important role in the success of knowledge management in the metaverse. Having a stable virtual environment with access to the technology tools that knowledge practitioners need to execute their jobs effectively will also be essential for the metaverse to be effective.
Advances in technology have revolutionized today’s KM landscape. As the metaverse becomes more widely adopted we must consider what will drive people and organizations to this environment.
The following details what is driving organizations to consider the metaverse and its effect on knowledge management:
- Cost Pressures: KM in the metaverse can be used to work more efficiently to meet customer demands and become more cost effective
- Efficiency and Consistency: KM through collaboration and knowledge capture in the metaverse will become more efficient in delivering services to more potential customers
- Training and Learning: In the metaverse KM, in particular knowledge transfer, knowledge sharing, collaboration processes, policies and tools will create an atmosphere where everyone can learn from each other, share best practices, and provide practical training in a simulated and immersive environment
- Retention (People & Knowledge): In the metaverse successful KM practices, policies and tools will create an environment where all staff will experience enrichment through collaboration and sharing.
- Workplace Satisfaction: The metaverse has the potential to increase the accessibility of knowledge, which contributes greatly towards workplace satisfaction. The metaverse will foster an environment where sharing knowledge and open communication for collaboration will continue to enrich the workplace.
As the metaverse matures and more people are interacting in this environment, more opportunities, and ways to incorporate KM will present itself. KM in the metaverse will ensure knowledge sharing, collaboration, and re-use takes place for those participating in this immersive world.