Technology has always been the core of any development. However, the rapid development has brought a major issue of sustainability for businesses all over the world. With every country talking about sustainability, digitalization is emerging as the main driver for sustainable development. Digitalization and sustainability are two of the most powerful market influences in today’s corporate landscape.
Achieving Sustainability Through Digital Transformation explores how companies are using digital tools to map their environmental footprint and assess the impact of environmental shifts on their business. It shows how technologies like artificial intelligence (AI), virtual reality (VR), and blockchain, Internet of Things (IoT), data analytics, and energy storage are creating positive economic, social and environmental impact while addressing global sustainability trends. The intersection of these trends, however, remains largely unexplored territory.
Forward-thinking companies are using digitalization for clean energy to greening production processes to transform their brand equity as a sustainable company. Focus is on how digitization/digital transformation can enable companies to become successful while contributing to achieving the SDGs (Sustainable Development Goals) by focusing on integrated reporting, social and environmental impact creation and responsible investment.
However, it is still not clear how these trends combine to reshape the market conditions in which organizations operate. While New digital technologies are improving sustainable innovation, they also create new threats like cybercrime and privacy loss.
To prevent such downsides, it’s important that companies approach the adoption of any new technology by evaluating its sustainability impact: Will it reduce or increase energy usage? What is the impact on productivity? Will it streamline supply chains? How does it impact greenhouse gas emissions? At the same time, as businesses set sustainability goals, they should look for ways that technology can help achieve them faster and at a lower cost.
There is a need to use the full potential of digitalization with active digital cooperation and interactions amongst stakeholders. Thus, ICN Media, being a knowledge led media platform will try to bring together key stakeholders from chemical and petrochemical eco-system to join this exciting and interactive dialogue exchange during the upcoming session.
Key Discussion Points
- Increasing Productivity through Digital Transformation
- Reducing footprints through Digital Transformation
- Enabling digital infrastructure, further expansion, and innovations
- Digital cooperation & inclusiveness of stakeholders
- Role of big data in optimal planning and productivity
- Digitalization and reducing carbon footprint
- Increasing Agility through Digital Transformation
- Converging digitalization and Sustainability Goals
- Leverage Sustainable Technology