{"id":68343,"date":"2024-11-19T11:50:18","date_gmt":"2024-11-19T09:50:18","guid":{"rendered":"https:\/\/gulftech-news.com\/en\/?p=68343"},"modified":"2024-11-19T11:50:20","modified_gmt":"2024-11-19T09:50:20","slug":"kyndryl-and-microsoft-study-only-21-of-organizations-globally-recognize-technologys-role-in-advancing-their-broader-sustainability-goals","status":"publish","type":"post","link":"https:\/\/gulftech-news.com\/en\/2024\/11\/19\/kyndryl-and-microsoft-study-only-21-of-organizations-globally-recognize-technologys-role-in-advancing-their-broader-sustainability-goals\/","title":{"rendered":"Kyndryl and Microsoft Study: Only 21% of Organizations Globally Recognize Technology\u2019s Role in Advancing Their Broader Sustainability Goals"},"content":{"rendered":"\n
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Kyndryl and Microsoft Study: Only 21% of Organizations Globally Recognize Technology\u2019s Role in Advancing Their Broader Sustainability Goals<\/strong><\/figcaption><\/figure>\n\n\n\n

Data and AI are becoming powerful catalysts for driving action and predicting future risks<\/h2>\n\n\n\n

NEW YORK,; Gulf Tech News<\/strong><\/p>\n\n\n\n

Kyndryl (NYSE: KD), the world\u2019s largest IT infrastructure services provider, released the second Global Sustainability Barometer study, commissioned by Microsoft. The study, conducted by Ecosystm, shows that while 84% of organizations place a high strategic importance on achieving sustainability goals, only 21% use technology to reduce their environmental footprint and shape their overall sustainability strategy.<\/p>\n\n\n\n

Since last year, 38% of organizations have increased their sustainability goals and program execution \u2013 demonstrating progress as the world works toward a green future.<\/p>\n\n\n\n

\u201cAs the world faces increasing climate-related challenges, businesses are under pressure to act decisively and place sustainability at the forefront \u2013 and this year\u2019s Global Sustainability Barometer study highlights that organizations must move from intent to collective action to drive change,\u201d said Faith Taylor, Chief Corporate Citizenship and Sustainability Officer at Kyndryl. \u201cBy integrating sustainability into a company\u2019s business strategy, processes and systems, organizations can maximize the value of their people and technology to achieve internal goals and deliver positive impact.\u201d<\/p>\n\n\n\n

\u201cSustainability is at the heart of the Middle East\u2019s vision for the future, with nations like the UAE and Saudi Arabia driving transformative initiatives to create a balance between economic growth and environmental responsibility. By embracing innovative technologies and sustainable practices, they are not only addressing global challenges like climate change but also setting new benchmarks for resilience and inclusivity,\u201d said Pieter Bil, Senior Vice President and Managing Director at Kyndryl Middle East and Africa. \u201cAt Kyndryl, we are proud to support these efforts, empowering organizations across the region to design and implement solutions that advance sustainability and unlock long-term value.\u201d<\/p>\n\n\n\n

The study shows that leaders are increasingly recognizing the benefits of sustainability initiatives for their organizations, with specific areas where improvements can be made. By embedding technology into sustainability strategies, organizations can turn abstract goals into actionable, data-driven plans.<\/p>\n\n\n\n

The study highlights the following areas of opportunity:
\u2022 Only 21% of organizations globally recognize technology’s dual role in reducing their company\u2019s carbon footprints and advancing broader sustainability goals.
\u2022 While 54% of businesses say sustainability goals and initiatives are incorporated into existing reporting processes, only 19% fully use data for strategic planning and decision-making.
\u2022 55% believe artificial intelligence (AI) will significantly impact their sustainability goals, but 62% of organizations limit initiatives to analyzing historical data for monitoring and reporting.<\/p>\n\n\n\n

Matthew Sekol, a Sustainability Global Black Belt at Microsoft, added, \u201cCompanies can gain the insights needed to deliver on their commitments and drive resilience by integrating sustainability data with operational and financial data, and using traditional data analytics and robust AI tooling to reshape operational efficiencies and foster sustainable innovations.\u201d<\/p>\n\n\n\n

Taking action to advance sustainability strategies<\/h2>\n\n\n\n

The study\u2019s detailed analysis and deep insights can enable organizations to enhance their sustainability efforts. To fully realize an organization\u2019s potential, consider the following guiding principles:<\/p>\n\n\n\n

\u2022 Technology must be core to strategic planning. 38% leverage IT to reduce their own organization\u2019s environmental impact while 17% say data and technology is helping achieve sustainability goals. In the next year, companies should consider integrating technology into sustainability strategies to turn abstract goals into actionable plans.<\/p>\n\n\n\n

\u2022 Recast the role of AI. 62% of organizations use AI to monitor energy use and emissions, but only 37% use predictive AI to forecast energy needs based on current trends and patterns. Integrating AI-powered scenario planning and climate risk mitigation allows organizations to adopt a holistic approach to environmental responsibility, enhancing readiness for future challenges.<\/p>\n\n\n\n

\u2022 Harness data for proactive business transformation. Disparate data across various enterprise planning systems is seen as a clear challenge as only 15% use data to guide their business\u2019 transformation journeys. By effectively integrating the disparate data, organizations gain a more comprehensive and accurate understanding of their environmental impact, which leads to informed sustainability decisions.<\/p>\n\n\n\n

\u2022 Foster a culture of collective responsibility. CEOs continue to shape sustainability goals and 49% of organizations consider Chief Sustainability Officers and sustainability teams key stakeholders (vs. 27% in 2023). The next step is for organizations to fully engage cross-functional teams, particularly finance and technology, to move sustainability into a core business priority and ensure implementation.<\/p>\n\n\n\n

While the benefit of AI for sustainability is gaining traction, AI\u2019s environmental impact is a growing concern. Only 35% of organizations are considering the energy implications of their AI solutions. Kyndryl and Microsoft provide actionable strategies for organizations to measure infrastructure baseline emissions and optimize AI architectures, including AI and machine learning models to minimize energy use and reduce waste. The two companies work closely with organizations to ensure that technological advancements contribute positively to sustainability goals without compromising innovation.<\/p>\n\n\n\n

\u201cAs organizations increasingly recognize sustainability as a strategic imperative, we’re witnessing a surge of innovation and collaboration. AI is at the forefront of this movement, empowering businesses to optimize resource consumption, reduce waste and drive positive environmental impact,\u201d said Ullrich Loeffler, CEO & Co-Founder of Ecosystm. \u201cBy uniting our efforts and leveraging technology, we can create a more sustainable and equitable future for generations to come.”<\/p>\n\n\n\n

About the Study<\/h2>\n\n\n\n


The second edition of the Global Sustainability Barometer study, conducted by Ecosystm and commissioned by Kyndryl and Microsoft, reflects the perspectives of 1,355 global sustainability leaders spanning 20 countries and 9 industry groups. Conducted between August and September 2024, this study aims to bridge the sustainability-technology divide by examining the roles of Strategy, Data, and AI in achieving sustainability goals.<\/p>\n\n\n\n

Learn more about the study, \u201cFrom Insights to Action: The Technology Impact on Sustainability.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

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