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REAL-TIME DATA IS KEY TO SUCCESSFUL SUSTAINABILITY INVESTMENTS
Sustainability, circularity, and regenerative thinking must be fully and holistically integrated into the company's business strategy. But if the investments are to be profitable in both the short and long term, it requires that the actual data is present, that the quality of the data is second to none, and that data can be processed quickly and in a transparent way.
Why should sustainability, circularity and regenerative thinking be integrated in the company’s business strategy?
Simply put, because investing in these areas is an insurance policy against much higher cost of remediation later and because it is a gateway to new business opportunities, markets, and segments. Finally, a strategy that embraces sustainability, circularity, and regenerative thinking can be a decisive step on the way to dealing with the global and regional challenges that companies and CEOs must navigate: global economic outlook, supply chain redesign, war for talent, resilient company, and increased innovation capacity & capability.
But if the investments are to be profitable in both the short and long term, it requires that the actual data is present, that the quality of the data is second to none, and that data can be processed quickly and in a transparent way, so that simulations, scenarios, business cases etc. can be calculated as correctly as possible and in the shortest possible period of time, because time is crucial, economically and in the green transformation of companies and society.
In reality, it means that companies need to have access to, and work with, real-time data if simulations and forecasts are to be close to accurate in an age characterized by constant change and a high degree of unpredictability and uncertainty. And this is where AI and especially genAI will improve the decision-making basis, increase efficiency and predictability, and describe with the greatest possible certainty the best possible scenario and direction for the company’s green transformation and growth.
This is the idea behind decarbonize industries, a venture by Bosch GmbH, and why we have formed a partnership: to help companies and CEOs, and thereby society, make decisions on a fact-based basis and thus be able to plan and implement a holistic and profitable transformation that empowers teamwork and brings leaders, employees, and technology together in a new collaborative, efficient, and effective way.
Learn more about decarbonize industries, a venture by Bosch GmbH, here.