In July 2023, managers at Exide Industries Limited (EIL), a prominent player in India’s power-storage industry, faced a pivotal decision during a strategic workshop led by the company’s managing director and chief executive officer. The company had been presented with a groundbreaking yet uncertain opportunity: to develop a metaverse-powered platform for battery customization and testing. This initiative, championed by the chief information officer, aimed to address specific challenges faced by EIL’s original-equipment-manufacturer clients. However, the decision to invest in the metaverse was complex and laden with uncertainties regarding the technology’s future and its alignment with EIL’s strategic goals. The company would have to evaluate the potential risks and benefits of adopting this new technology in order to decide whether or not to proceed with this ambitious project.
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