Metaverse is a term most people are hearing for the first time as a result of Facebook changing its corporate name to Meta. As Brookings explains, metaverse "is a science fiction concept imagined by novelist Neal Stephenson in his 1992 book, Snow Crash that envisions a virtual world which combines the internet, virtualization, augmented reality, digitization, and virtual reality. People can exist in a physical or digital world and cross seamlessly between those levels or they can create their own reality based on their particular imagination."
While quantum computing has been seen in technical publications for decades, the term is appearing more regularly in the mainstream media. According to Brookings, "Quantum computers have tremendous capacity for storing and processing information because their storage processes are not in the form of a zero or one, as is the case with traditional computers. Rather, they take advantage of superposition—the fact that electrons can be in two places at once—to create 'quantum bits' that store multiple values in each point. That capability dramatically increases storage capacity and decreases processing times, thereby improving the scope of data, textual, or image analysis."
Surprisingly, extended reality (XR) is a term not listed in Brooking's glossary. The Franklin Institute defines XR as "an umbrella term that includes technologies such as Augmented Reality (AR), Virtual Reality (VR), and Mixed Reality (MR), either to provide more information about our actual environment to enhance our senses, or else to create completely artificial experiences."
Do you find Brookings' glossary useful? Which terms would you add?
Aaron Rose is a board member, corporate advisor, and co-founder of great companies. He also serves as the editor of GT Perspectives, an online forum focused on turning perspective into opportunity.
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