An interesting convergence is happening in the market these days.
IoT is everywhere. Today it’s connected devices, tomorrow it’s artificial intelligence. Every market and every vertical are considering the impact of IoT on their business processes, operations, assets, investments, business continuity planning, and more. IoT is disruptive and pervasive to the DNA of organizations. And it’s really exciting.
But it’s also having a tangential impact on the discussion around environmental sustainability.
Just 10 years ago, companies either identified with or disassociated from the discussion around environmental responsibility. It was polarizing. Today’s intelligent, connected world no longer has room for this stigmatism. The entire conversation has been turned on its head. What was once a position statement about climate beliefs is now a dialogue about smart business decisions.
You see, we have more transparency into business performance and operational impact than we’ve ever had before, thanks in part to the emergence of IoT. Today, we can access real time performance and costs immediately. Many systems self-correct or embed predictive analytics to run interference before it’s too late or too costly. This intelligence has inherent and notable environmental benefit. Smarter supply chains, less energy and water consumed in operations, loads shifted to lower demand (and less expensive) schedules, less waste created, all amount to reduced operational costs and a smaller carbon footprint. The evolution of this dialogue shows the sophistication of our understanding of today’s constraints and opportunities of doing business. Smart and sustainable means good business sense.
I see the role of the CIO and fellow technology focused executives, evolving to be the key collaboration drivers and enabling new business models. They need to lead the charge in implementing connected devices that facilitate efficient communication, increase productivity, and streamline processes to not only align employees with each other, but further, align employees with the company’s greater sustainability strategy and business objectives. In addition, they need to take a more comprehensive approach with their decision-making, using IoT and sustainability to enable new business models and revenues streams. Gil Perez, SVP, Digital Assets & IoT & GM, Connected Vehicles & IoT Security, SAP