Bona Fide Innovation through the Power of Sustainable AI

We all acknowledge that sustainability is a crucial characteristic that has revolutionized the business landscape, which attracts valuable investors and customers as sustainability promotes new ways to follow governmental regulations, reporting frameworks, and standards. However, when sustainability is combined with artificial intelligence, it is a game changer, as it helps your business develop a sustainable framework that adheres to government regulations.

In today’s exclusive AI‐TechPark newsletter, we will channel the power of AI to develop a sustainable future.

AI is a powerful technology that has a wide scope in numerous fields; recently, AI has also made its way to economic, environmental, and societal impacts and climate change. This includes the AI supply chain for sustainability, precision agriculture, environmental monitoring and disaster prediction, and many more.

Without a doubt, we can witness that AI is not just a technological wonder; it is a transformational, powerful force that has a sparkle of positivity.

For a better understanding, let’s catch a glimpse of how smart cities work before we proceed further.

AI has the potential to develop smart cities and circular economies (which promote developing and producing products using recycled materials) that streamline resource utilization.

AI-powered smart cities have tools and models that can collect and analyze data from numerous municipal services.

Smart cities implement smart meters that use the Internet of Things (IoT) for tracking and monitoring energy usage with real-time data so that city administrators can make decisions to save unnecessary costs and energy consumption.

Barcelona is a prime example of a smart city; since 2012, the city has deployed nearly 20,000 remotely sensed smart meters to control irrigation and water levels within the city. This tech-sustainability initiative results in a 25% increase in water conservation and saves $555,000 per year.

In the next five years, we can expect to see companies enforcing new AI applications that help with a new class of use cases to meet your sustainability goals.

AI, with its capabilities, can process and analyze large-scale data and upload it to your secured cloud system. This unprecedented opportunity can create a sustainable future for your business.

Similar technologies to AI, such as machine learning (ML), natural language processing (NLP), computer vision, robotic process automation (RPA), generative AI, deep learning, and neural networks, have the potential to optimize resource management, revolutionize waste management, and ultimately enhance conservation efforts, which can transform your business.

As companies adopt the above technologies in these new use cases of sustainability, they have to pay attention to the risks that might emerge, ranging from a lack of factuality to privacy concerns.

An AI governance framework and a responsive AI approach are needed to ensure that the technologies are effectively utilized by employees who are developing sustainability reports or frameworks.

Organizational and sustainability goals go hand in hand for numerous use cases, as these have a closer relationship for the sustainable future of the company and better investments.

AI is a valuable ally in fostering sustainable development, and leveraging capabilities to enhance this concept can help in effectively designing, advising, implementing, and deciding a long-term plan of action for our planet and your business.

Leave your thoughts in the comments below or reach out to Techtopia for more in-depth information on AI trends and the latest innovations shaping the IT landscape.