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How Can Sustainability Boost Business Turnovers?

By CIOReview | Monday, December 2, 2019

New technology trends improve how businesses perform and how they search for a competitive edge in a rapidly growing market.

FREMONT, CA: The technology upheaval has almost taken an essential place in every industry platform, starting from retail to transportation and entertainment. Technology is precious when it comes to enhancing a company's environmental performance. Given below are a few ways, technology can be used in sustainability, which helps to minimize risks and brings profit and efficiency to the organization.

Technology and Measurement:

Sensor technology has been in use for a while now, but their utilization has seen an increase in recent years. As per recent research by global environmental sensors, the sensor marketplace is foreseen to have a worth that is more than $3 billion by the year 2027. Sensors are making it superior and affordable for the companies to discover, picture, as well as manage a wide variety of green impacts.

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Technology cuts down the risk:

The weather risk study industry is also on the hike, and Jupiter Intelligence has lately raised $23 million to develop and advance its business to modern areas like wildfire risk assessment for the cities and organizations. Companies such as AT&T are using supercomputers to study the climatic change risk and take informed business decisions. The company is partnering with the U.S. Department of Energy's Argonne National Laboratory to build a climate model dataset that can help in extreme weather risks.

Technology and efficiency:

Google makes use of AI and ML to use the minimum amount of energy, reduce energy bills, and lessen emissions. The team of DeepMind has been using AI to decrease the amount of energy for cooling in their data centers by nearly 40 percent. They have additionally used the ML algorithm to leverage the power of wind energy by calculating the wind up to 36 hours in advance and giving an optimal hourly delivery assurance to the power grid.

Looking forward:

Tech is playing an exciting role to help different companies to find solutions for the most pressing environmental challenges. Majority of organizations and leaders have already invested in the latest technologies to drive growth and maintain their economic edge.

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