Digital technologies can reduce emissions
It is well known that greater technology adoption has been the driving force behind Industry 4.0. Now, Disruptive innovations and next-generation solutions are delivering on the sustainability agenda of the companies. Businesses invest in digital software and solutions that seamlessly integrate into their frameworks and internal reporting structures. This ensures that data is available, standardised, and shareable across the value chain and helps in day-to-day functions such as moving raw materials up to the product stage, optimising routes, and enhancing efficiency. Companies are also prioritising digital inclusion to achieve workforce skill development. It helps them to prepare the existing and future workforce to quickly adapt to technological advancements in the unit and safely handle digital technologies. Forging partnerships with other businesses through real-time data and insights derived with the help of digital solutions, including the company’s sustainability agenda, is helping organisations venture into new and developed markets. Sustainability has emerged as an environmental, economic, and social driver, capable of transforming how businesses are done, governments function, and how people live. Digital technologies are at the forefront of helping achieve these goals and missions. With more businesses across industries exploring innovative and digital solutions to their everyday problems, technology will play a pivotal role in creating balanced economies. Digital solutions can help improve productivity and efficiency, achieve cost savings, reduce product waste, track progress across all business divisions, and analyse outcomes. Smart technologies and solutions thus have the potential to alter the entire value chain of businesses across industries.