Research background: Multi-modal synthetic data fusion and analysis, simulation and modelling technologies, and virtual environmental and location sensors shape the industrial metaverse. Visual digital twins, smart manufacturing and sensory data mining techniques, 3D digital twin simulation modelling and predictive maintenance tools, big data and mobile location analytics, and cloud-connected and spatial computing devices further immersive virtual spaces, decentralized 3D digital worlds, synthetic reality spaces, and the industrial metaverse. Purpose of the article: We aim to show that big data computing and extended cognitive systems, 3D computer vision-based production and cognitive neuro-engineering technologies, and synthetic data interoperability improve artificial intelligence-based digital twin industrial metaverse and hyper-immersive simulated environments. Geolocation data mining and tracking tools, image processing computational and robot motion algorithms, and digital twin and virtual immersive technologies shape the economic and business management of extended reality environments and the industrial metaverse. Methods: Quality tools: AMSTAR, BIBOT, CASP, Catchii, R package and Shiny app citationchaser, DistillerSR, JBI SUMARI, Litstream, Nested Knowledge, Rayyan, and Systematic Review Accelerator. Search period: April 2024. Search terms: “digital twin industrial metaverse” + “artificial Intelligence of Things systems”, “multisensory immersive extended reality technologies”, and “algorithmic big data simulation and modelling tools”. Selected sources: 114 out of 336. Published research inspected: 2022–2024. PRISMA was the reporting quality assessment tool. Dimensions and VOSviewer were deployed as data visualization tools. Findings & value added: Simulated augmented reality and multi-sensory tracking technologies, explainable artificial intelligence-based decision support and cloud-based robotic cooperation systems, and ambient intelligence and deep learning-based predictive analytics modelling tools are instrumental in augmented reality environments and in the industrial metaverse. The economic and business management of the industrial metaverse necessitates connected enterprise production and big data computing systems, simulation and modelling technologies, and virtual reality-embedded digital twins.