Accenture makes investment in Forma Vision in metaverse push

Accenture Ventures has made a strategic investment in Forma Vision, a provider of live-streamed, volumetric video technology that enables 3D holographic images to be beamed into the metaverse from any office, home or other location.
Accenture business IT
Until now, the metaverse opportunity has been constrained to enterprise use cases appropriate for avatar-to-avatar interactions.

Now, using Forma Vision’s low-cost, live-streaming volumetric video technology, enterprises can teleport people, places and things into their metaverse experience. For example, Accenture and others have conducted executive town-halls, training, and small group meetings using Forma Vision.

“Forma Vision’s volumetric video technology will enable more immersive, engaging interactions and help further bridge real and virtual worlds by allowing people, places and things to be more authentically represented in the metaverse,” said David Treat, global lead of Accenture’s Metaverse Continuum business group.

In March 2022, Accenture formed the Accenture Metaverse Continuum business group, which combines metaverse-skilled professionals with capabilities in customer experience, digital commerce, extended reality, blockchain, digital twins, artificial intelligence and computer vision.

Growing consumer and business interest in the metaverse as a creator economy and tool to enhance day-to-day tasks is expected to fuel a $1 trillion commerce opportunity by the end of 2025, according to Accenture findings released in early January 2023.