According to IBM, Indian businesses embracing AI are crucial for sustainability.
According to a new report launched by IBM, the primary tool Indian businesses will look toward in their pursuit of sustainability would be artificial intelligence. While today sustainability serves as a core strategy for businesses in almost every country, nothing comes close to AI while discussing environment responsibility and business resilience in the light of brand reputation.
Actually, the study reveals that up to 96 percent of Indian business leaders predict to increase investment in IT in the next 12 months and expect those investments to take them to their sustainability goals.
The report is a step towards the continuously rising role of AI in supplementing the efforts toward sustainability. The businesses based in India wanted to look at new ways of optimizing the operation and reducing carbon emissions together with solutions created to help achieve these environmental goals using AI technologies. Furthermore, acceptance of AI tools also has something to do with the drive globally toward more sustainable business operations and accountability. The key findings from the report are that 64% of Indian companies have already started using AI for their sustainability targets. Especially generative AI is being used by businesses to reduce their environmental footprint while operating more efficiently. These insights through AI are providing business with actionable data, where they can innovate and take more informed decisions toward sustainability efforts.
Some other important points that the report revealed comprise the fact that 54% of the Indian business has imputed sustainability through innovation and growth at the center of its business models. This therefore is an example that sustainability is now no more an add-on feature of firms but a core or central input to their long-term plans.
It further depicts that 81 percent of Indian business leaders have been seen interacting directly with climate resilience, making them prepare businesses for a potential change related to climatic challenges.
For monitoring the efforts towards sustainability, the data-managed advanced system is used in 79 percent of the companies. This is increasingly becoming a reliance on data-driven decision-making: companies are looking for ways to be more transparent and accountable about their sustainability operations. However, it mentions that water usage is one of such challenges to Indian business. Water scarcity is noted in most regions. The companies have to look for the different ways of managing and utilizing water. Here the report shows AI tools that must be deployed to catalyze business firms about optimization in the usage of water while scanning for opportunities for improvement regarding utilization.
This reveals an outcome of the report where sustainability is viewed as a much broader shift in the Indian business landscape and an integrated strategic tool for transformation. As businesses and companies are migrating toward integrating AI-based solutions all over the country, they have positioned themselves to meet the target of sustainability and emerge successful in competition in the marketplace.
They are extending brand values and boundaries of growth, all in one go while preparing themselves for the future by integrating themselves within their business models. Businesses should utilize AI tools that have been tailored according to their need to better support sustainability. These would allow them to identify areas to work on, gather and then analyze data and align the views among the top-of-the-line officials and the rest of the decision-makers involved. The use of artificial intelligence in the context of supporting sustainability helps businesses make that approach all the more cohesive in an effort to achieve environmental landmarks without losing an edge at business in light of more environmentally conscious markets. With climate change and depletion of resources threatening the world, the role of technology, and especially AI, becomes even more important in surmounting these problems. As pointed out by the IBM report, businesses in India are at the forefront of AI adoption for sustainability, and their initiative may be the yardstick for other nations that wish to make technology part of their sustainability program. This is part of a much larger global trend in which businesses start to realize that environmental responsibility will become the determinant of their future. Since AI has been constantly developing in order to provide new insights, expectations of even greater contributions that it might make toward making businesses take on some of the toughest sustainability challenges faced by people today. An important feature will also be on IBM reporting that the role AI provides for Indian businesses as crucial in their route to sustainability. Companies, therefore, will innovate and ensure long-term resilience with very minimal environmental footprint using the insights provided by AI-driven. Because India leads in AI-driven sustainability, efforts made here will inspire other businesses around the world to come up with similar strategies as they try to fight climate change and other environmental issues.
Source: IANS