Some green transformation solutions for businesses

Climate change and extreme weather types are causing serious changes to the global ecosystem. In this context, the green transition is a fundamental long-term solution to simultaneously address environmental threats while ensuring economic development. In particular, applying digital technologies is the appropriate direction to manage resources, optimize resource use and monitor the impacts of production and business processes on the environment. 

It is estimated that the IT industry will contribute 20% to all activities towards green transformation, while digital technology will accelerate progress towards the Sustainable Development goals by 22%. From the perspective of businesses, ESG and digital technology can be considered two closely related aspects of green transformation. 54% of businesses believe that new technologies play an important role in accelerating sustainable development progress. 

Not only does it meet sustainable development goals, green transformation is also a way for businesses to improve their competitiveness. The following solutions can be suitable reference lessons for businesses that are interested in and implementing the green transition process. 

Adjust and optimize energy efficiency 

One of the main ways to make a green transition is to use new energy sources - renewable energy - to replace traditional energies - fossil energy. To achieve this, digital technologies can be applied to help optimize the process of generating renewable energy sources and controlling the energy and electricity systems used. Smart cities also contribute to reducing energy consumption through monitoring, adjusting, and automating maximum energy-using equipment. 

Manage resource use and waste 

Using resources in an uncontrolled manner or not having appropriate waste treatment measures is also a problem that businesses need to prioritize. When businesses aim for green transformation, these issues need to be resolved in the most effective way. Digital solutions can be applied to help business leaders solve this headache problem. Typical examples include smart water management systems that help monitor, minimize water waste and optimize the use of water resources. Sensor technology can be used to monitor the amount of waste and notify managers about waste collection to help reduce pollution and avoid wasting resources (when too much waste is collected unnecessarily) 

Integrated energy management system and smart grid 

Managing data that consumes energy and resources can create a large impact on the entire economy and society. Integrating smart management systems that automatically collect and analyze data is the basis for optimizing energy and resource use and reducing greenhouse gas emissions. In the energy industry, smart management systems help coordinate smart grid operations, optimize energy generation and distribution, contributing to minimizing energy security risks as well as emissions. out into the environment. 

Encourage collaboration and data sharing between units 

Collaboration and data sharing between organisations, businesses and governments will help maximize the potential of digital solutions. Sharing data and information between parties can create valuable information and help improve and optimize decision making. Developing an interdisciplinary ecosystem through data sharing to support businesses in enhancing innovation and collaboration in solutions to respond to climate change and other environmental impacts 

Create a standard energy data model 

In the context of production and business, energy performance indicators, when modeled, can help measure and improve significantly. For example, through energy monitoring and evaluation, an automobile manufacturing company discovered that 40% of the energy was consumed even when the machine was not producing anything. With insight into energy data, businesses can power down devices when not in use, reducing costs and greenhouse gas emissions to the environment. 

Besides the solutions, a number of technologies are also mentioned to support businesses in their green transformation journey: 

Internet of Things (IoT) Technology  

Enterprises apply smart energy management systems, helping to optimize energy use and reduce carbon emissions to the environment through the support of IoT technology. With IoT, devices are connected to each other via the internet, automatically sending and receiving data to the central system as well as to related devices. 

Data from IoT can allow operators to get a holistic view of systems performance, displaying data on machine performance and energy consumption. This helps companies track and report on ESG metrics quickly. Some studies show that businesses applying IoT can reduce abnormal machine downtime by 30%; 16-20% production time and 13.2% energy consumption. 

Artificial intelligence – AI 

Thanks to the support of artificial intelligence, many businesses have found effective solutions in resource management and energy saving. AI can be used to analyze data from different sources to find optimal solutions to reduce waste and increase productivity. In addition, this technology can also be used to predict environmental changes and provide effective preventive solutions. 

Blockchain technology - Blockchain 

Blockchain technology can be researched and applied as a tool to solve the problem of monitoring pollution and tracking product sustainability. Some experts predict that blockchain could be the key to sustainable innovations that help minimize climate change. For example, blockchain technology can be used to verify and track the origin of products, from agricultural products to renewable energy production. This helps ensure that products labeled “green” are produced and consumed in a truly sustainable manner. 

Data mining and analysis 

By collecting and analyzing data from a variety of sources, we can better understand human impact on the environment, thereby creating sustainable solutions. Data mining and analysis technology has proven its usefulness in assessing the state of the environment and managing resources. In addition, data analysis systems can also provide suggestions for improving performance and saving energy, helping to promote green transformation. Besides, predicting and updating energy consumption in real time helps improve building energy management efficiency, saving energy at the maximum level. 

Green transformation is no longer a slogan but has become an inevitable direction that businesses must follow if they want to participate in the global market. To achieve the goals of green transformation and sustainable development, creating a distinct competitive advantage, businesses must systematically integrate green strategies, business strategies and digital transformation. Along with tools and solutions from Digital Transformation, corporate culture also plays a key role in promoting the sustainable development program. When sustainability is embedded into everyday systems and work processes, businesses can effectively achieve their transformation goals. 

Reference source: Summary 

Compiled by the DTSVN author group - Digital transformation solutions for the Finance and Banking industry. 

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