Sustainability, often considered a buzzword, is now becoming top priority for business and technology leaders alike, across industry verticals. How does technology play into a sustainable agenda?
Technology adoption spans across start-ups and digital giants, and our analysis shows that it will be a critical cog in measuring sustainability progress and enabling long-term outcomes. Each industry will prefer tailor-made solutions for their organizational objectives, making the sustainability tech space larger than ever.
Partnerships will see a huge rise – they will be forged to facilitate monitoring, evaluation, and change management when enforcing ESG goals in companies. To cater to this, hyperscalers will adapt their offerings across verticals.
With Sustainable Development Goals (SDGs) – Economy, Environment, and Social Goals – being targeted with varying priorities across industries, it becomes imperative for companies to have robust strategies to enable them with technology at the core. As part of our analysis, we map current technologies based on their applicability in the SDGs. The Energy sector has demonstrated the most demand, as the world looks to create more renewable energy. Large tech giants have expanded their offerings to cater to the sustainability clarion call. Mobility, air quality, sustainable construction, and waste will be the biggest few focus areas for companies and governments alike.
GSIs have already started offering key services for efficient environmental management and carbon-neutral supply chains. With the technology-enabled sustainability market estimated at a USD 29 Bn opportunity for enterprises by 2025, and the heightened emphasis on having clear sustainability agendas, driving carbon-neutrality will become a clear CXO priority.
This Zinnov point of view, Spearheading Sustainability with Technology, provides insights on the current market landscape of technology in the sustainability realm. We also analyze key technologies and the status of enterprise adoption of the same. The POV also delves into –