80% of Business Pros in Singapore Are Ready for the Metaverse
A new study commissioned by Ciena (NYSE: CIEN) has uncovered just how ready business professionals are to collaborate in the virtual world. According to the findings, 98% of Singaporean business professionals recognize the value of virtual meetings, and four in five (80%) would participate in work meetings in virtual spaces versus existing video conferencing tools.
The study, which surveyed 15,000 business professionals across 15 countries found that more than half (57%) of Singaporean business professionals agree that virtual meetings provide greater convenience as compared to in-person meetings, while 44% believe virtual meetings can create an environment that is easier to collaborate. A third (38%) of those surveyed also believe that virtual meetings are less expensive than in-person meetings.
Furthermore, 71% of Singaporean business professionals can see the metaverse becoming part of existing work practices, and over half (56%) think their workplace will move away from static work settings to a more immersive/virtual reality-based environment within the next three years. Similarly, 88% of Singaporean business professionals would feel comfortable conducting more formal, HR-type work meetings in a virtual space.
Despite a growing appetite to utilize enhanced reality tools, survey respondents cited the inability to read in-person expressions and emotions (35%) and virtual meeting fatigue (31%) as key drawbacks to using virtual-collaboration tools at work.
When asked to name the top barriers to business adoption of virtual reality platforms, 39% of respondents in Singapore have concerns with the associated costs, 43% worry that the technology is not readily available, and 41% feel their organizations do not have the reliable network required to support these virtual experiences.
“While network reliability is currently seen as a barrier to working in the metaverse, Singapore has been gaining momentum in strengthening its digital infrastructure to support the development of a digital economy, especially with significant progress in making island-wide 5G coverage a reality,” commented Dion Leung, Regional Managing Director, Ciena ASEAN. “As businesses and employees here opt to retain their present hybrid work arrangements, enhanced reality tools will provide a whole new dimension for collaboration and innovation in the new world of work. But its exciting use cases can only be achieved with a robust and always-on underlying network.”
Ciena (NYSE: CIEN) is a networking systems, services and software company. We provide solutions that help our customers create the Adaptive NetworkTM in response to the constantly changing demands of their end-users. By delivering best-in-class networking technology through high-touch consultative relationships, we build the world’s most agile networks with automation, openness and scale. For updates on Ciena, follow us on Twitter @Ciena, LinkedIn, the Ciena Insights blog, or visit www.ciena.com.
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