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Responsibly Leverage Technology to Achieve Greater, Greener Business Success
Supply chain disruptions, increasing ROI and forecasting product demand are all top of mind for business leaders in the manufacturing sector. Factor in a need for greater sustainability, and it could feel like the list of business challenges is never-ending. Recent data shows that Chief Supply Chain Officers (CSCOs) rank sustainability as their third biggest challenge in the next few years, but the question remains: Where do we begin?
In the past few years, companies have started to get serious about their environment, social and governance (ESG) strategy and are implementing processes to measure critical components of their day-to-day activities like energy usage and material/asset lifecycle. According to recent data, 56% of CSCOs are planning to embrace real-time monitoring and reporting on sustainability.
In May 2022, the Responsible Computing Consortium was created to provide a resource for like-minded companies looking to transition their technology and processes to more environmentally friendly business operations. As part of this commitment, companies who are working towards a more environmentally and socially responsible are signing a manifesto that outlines principles that will provide a set of cross-cutting beliefs that underpin the following values:
- Sustainability: Holistically contributing to the success of the UN SDGs and or ESG concerns
- Inclusivity: Trustworthy, inclusive, respectful and ethical at every step—with the team engaged and those impacted by the outcomes
- Circularity: Consider full lifecycle, modularity, reusability and circular economy in eliminating waste
- Openness: Being transparent and open to share, consume and learn from the wider community
- Authenticity: Being genuine and true to the values and principles to which you have been committed, be trusted, unbiased and collaborative
- Accountability: Becoming a role model, doing what is right, driving decisions with positive impact through measurable goal-setting
Investing in future business success
Investing in a more responsible infrastructure that aligns with your company’s ESG strategy not only provides a greener return on investment, it’s also good for business. 83% of surveyed CEOs believe that their company’s sustainability investments will produce improved business results in the next five years and nearly half of CEOs (45%) think that sustainability will accelerate business growth.
- Cost savings in physical space usage
- Reduction in energy consumption and waste
- Better management of the ESG impact of the hardware, software and networks required to develop, test, deliver, monitor, control and support your company’s IT services
- Greater consolidation and rationalization that enables employees and organizations to have a positive impact on the world
Learn more about how adopting a responsible infrastructure can help manufacturers achieve greater business results, visit responsiblecomputing.net.
Event Recap: Smart Production Solutions (SPS) -- November 2022
Discover show highlights, key takeaways and top stories from SPS 2022.
Including:
- Sustainability
- Industrial connectivity
- Electric motor and drive systems
- Industrial software
- Edge and cloud
- More!
Relive Top Hannover Messe Moments
Whether you missed the show or just need a refresher, the Omdia Manufacturing Technology team has you covered.
This year, Hannover Messe 2022 finally returned as a physical event again after two years, and members of Omdia's Manufacturing Technology team were there to cover the experience. They have created an event recap, discussing key takeaways and top stories from the show.
Hannover Messe 2022: What to Expect
The theme for this years Hannover Messe 2022 is green. The organization's official lead theme is HANNOVER MESSE 2022, the world's most important event for industrial technology, focuses on digitalization and sustainability. Why? Because they are the key to transforming business and industry. How? They enable digitalized, climate-neutral and sustainable value creation.
Microsoft’s Cloud for Sustainability.
What does that mean? Expect numerous green-themed product launches and improvements, including emissions monitoring tools, developments in new energy sources, supply chain management enabling circularity. The convergence of Digitization as an enabler of sustainability will also be amplified with existing capabilities repromoted to highlight applications to improve manufacturers environmental footprint, with one of the most significant announcements being that of ‘Microsoft’s Cloud for Sustainability’.
Check out our “What to expect at Hannover” report, with lots more insight on the challenges faced by the manufacturing sector, and how Industrial Transformation will be key to fixing them!
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