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Journal of Statistics and Management Systems

(Since 1998)
Hybrid ·Peer-reviewed·ISSN (Online): 2169-0014·ISSN (Print): 0972-0510

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Monthly Journal: Publishes peer-reviewed aticles on theoretical and applied statistics and management systems, expoloring industrial statistics, actuarial and decision sciences.

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Journal of Statistics and Management Systems
Open Access Research Article

Metaverse unbound : A comprehensive exploration of beyond-the-hype realities, charting new frontiers in practice, investigation, and policymaking

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pp. 573–588Vol. 29Issue 6June 2026DOI: 10.47974/JSMS-1431XML
Received:
01 Mar 2024
Published Online:
26 Mar 2026
Article type:
Research Article
Language:
EN
Article no.:
JSMS-1431
Pages:
573–588

Abstract

The metaverse can extend the limits of reality by using augmented and virtual reality technology. It allows individuals to connect seamlessly in genuine and artificial environments by employing avatars and holographic pictures. Simulations and virtual reality games are considered precursors of the metaverse, offering insight into the potential social and economic implications of a fully realized and universally accessible metaverse. Differentiating between the exaggerated promotion of the “meta” redesign and the actual realities of the moment can be difficult due to the influential promotion by major technology companies. They present the metaverse as a significant catalyst that will benefit people’s professional pursuits, leisure activities, and social connections. The emerging concept of a gradual merging of digital and physical realms could potentially have a transformative impact on various aspects of human activities, including work performance, communication with organizations and individuals, and the formation of collective memories. Although the necessary technology resources and infrastructure for creating new real-world worlds that human avatars can explore through gadgets are not yet available on a large scale, scholars are increasingly interested in the transformative potential of the metaverse. Normal social interaction parameters have far-reaching effects on many fields, including commerce, healthcare, academia, and society at large. Confidence, secrecy, prejudice, deceptive data, legal compliance, and mental health difficulties related to reliance and the impact on vulnerable populations are all factors to consider. This research delves into several subjects related to the metaverse and its transformative impact by using an impartial narrative and a comprehensive approach that draws on the expertise of specialists from different disciplinary backgrounds. The report concludes by proposing a comprehensive plan for further investigation that will be beneficial to scholars, practitioners, and decision-makers on a global scale.

Keywords

SimulationsVirtual realityMetaverseArtificial environmentBlockchainMeta platform

Subject Classifications

00A72

References

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