Technology Record - Issue 24: Spring 2022

60 www. t e c h n o l o g y r e c o r d . c om V I EWPO I NT Today, sustainability equals longevity – both for the planet and for businesses. Working to mitigate the effects of the climate crisis is rapidly emerging as the most critical issue at the boardroom table. Amid increasingly extreme weather events, rising global temperatures and climbing carbon emissions, around 97 per cent of business leaders polled in a survey for the Deloitte 2022 CxO Sustainability Report said their companies are already experiencing the negative impacts of climate change. In addition, nine in 10 companies expect to accelerate their sustainability activities over the coming year in order to tackle climate change, according to the Approaching The Age of Performance survey, which was commissioned by AVEVA. Four in five leading industries want to increase their digital investments to drive sustainable business models, demonstrating the immense potential of advanced technologies – such as smart data, artificial intelligence (AI) and cloud computing – to lower carbon industrial operations and expedite the move to net zero. Taking a data-centric approach to optimisation could be the first step. We are witnessing the accelerated sustainability development of enterprises that take a data-led approach to innovation. They are sharing information throughout their partnerships and supply chains to enable smoother operations, more efficient processing and, ultimately, save carbon and reduce energy use. To achieve sustainability effectively, organisations need to gather relevant, timely data into a single digital thread that connects their engineering and design with their operations and supply chain. These unified data streams can then spark insights and push industries to use resources responsibly, unlocking value and simultaneously driving sustainability benefits. Vertical leaders have already embraced industrial automation as a route to increasing productivity. Customised industrial AI empowers these organisations by providing sector-specific support and unified intelligence. When leveraged in the cloud, these systems are operable remotely, anytime and anywhere. They collect greater amounts of data about operational systems, and workers can leverage this information to make faster and more effective decisions. Why connected technology is key for sustainability “Today, sustainability equals longevity – both for the planet and for businesses” Harnessing the connected power of data analytics, artificial intelligence and the cloud enables organisations to boost productivity and slash emissions L I S A WE E : AV E VA