Business Model Innovation Through Immersive Technologies
Abstract
Industry 5.0 drives a deeper fusion between advanced intelligent systems and human creativity, positioning immersive technologies as essential components of modern innovation. Digital Twins and the Metaverse enable highly interactive, data rich environments where physical processes can be simulated, optimized, and experienced virtually. With support from AI, IoT, blockchain, and high speed networks, organizations can design business models that prioritize adaptability, co creation, and meaningful user engagement. Consumers participate directly in virtual testing, collaborative design sessions, and service interactions, creating continuous feedback loops that refine products and experiences. These immersive ecosystems strengthen operational reliability, reduce development risks, and open opportunities for sustainable value creation across industries. By offering transparent, secure, and accessible digital spaces, immersive technologies help companies develop human centered, resilient, and future ready business strategies aligned with the goals of Industry 5.0.
Fields of Study & Subjects
Digital Innovation in Industries
Business Strategies and Innovation
Service and Product Innovation
Publication details
- Journal / source
- IGI Global eBooks
- Pages
- 59–90
- Publication date
- 25 February 2026
- Language
- NG
- Document type
- Book chapter