Global consciousness toward climate change & environmental sustainability is more important than ever. Consequently, enterprises and governments are focused on finding new paths to innovate in sustainable technology that upholds ecological protection.
According to the UN report on climate change states that "Harmful emissions from 2010-2019 have been higher in human history, it is proof that WORLD is on a fast-track to disaster"
Hence, it is a mandatory action for countries to adopt exemplary policies, infrastructure, and technologies to mitigate the impact & boost their journey towards net-zero. Attaining sustainable development goals will require enamours efforts including the harnessing power of extended & emerging technologies.
Let's look at the top technologies that reshaping the future of sustainability:
- Artificial Intelligence
- Big Data Analytics
- Blockchain Technology
- Internet of Things (IoT)
- Robotic Process Automation (RPA)
Artificial Intelligence
Many engineers and scientists believe that AI has the capability to preserve the environment, and conserve resources & bio-diversity. According to the PWC research predicts that "AI for environmental applications could contribute up to $5.2 trillion to the global economy by 2030 ". There are many applications AI opens the solutions that include sustainable supply chains, clean distribution energy grids, precision agriculture, weather & disaster prediction, and more.
Big Data Analytics
Big data analytics helps governments and enterprises by collecting various sustainability-related factors, such as energy & resources, greenhouse gas emissions, and supply chain performance. As a result, they can dig deeper into insights & enhance the prevailing resource efficiency. Many sustainable development consulting firms originate advanced analytics for enterprises to discover the future risk areas such as labour practices, resource usage, and environmental impact.
Blockchain Technology
Blockchain technology runs on the concept of a decentralised & distribution network that allows enterprises & consumers to drive more secure transactions and also motivates companies to improve sourcing & recycling practices. More importantly, it delivers greater transparency & efficiency. Forbes research notes that "60% of consumers are more conceivable to buy products with clearly defined sustainable policies"
Internet of Things (IoT)
Smart applications and technology have the better capability to be transformative on a global scale and drive huge improvements to sustainability. Several Digital Transformation Solution Providers promote sustainability through smart digital solutions that will help enterprises to stay ahead of the competition & sustainable at the same time. Using powered & advanced sensors in IoT devices enables the following benefits:
- Improves energy efficiency
- Enhanced air quality monitoring
- Better waste management
- Improves quality of life & Environmental footprint
Robotic Process Automation (RPA)
Industries like manufacturing, logistics and supply chain management enterprises can facilitate automation within the core business operations that not only gives better management & control over resources but also empower future gains from the analysis of critical data. In fact, in the market, there is a rising willingness to pay a premium price for sustainable products. Research by trivium packaging "Nearly 74% of consumers are willing to pay more for sustainable packaging". Automation solutions pave the new path to attaining both sustainable economies and energy transition.
Summing up,
We can say that there is countless potential for technologies to reshape economic & social development in a sustainable way. Considering data, values, and ethics, tech leaders can make decisions that contribute to SDG.
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