Answer :
Sustainability will be the new digital, according to Accenture. Digital platforms will gradually be replaced by more established business solutions.
What does Accenture mean by sustainability in relation to new digital technologies?
The term "sustainability" refers to a range of environmental, social, and governance (ESG) concerns, such as the transition to a low-carbon economy, human rights, inclusion, and diversity.
Numerous businesses believe that exerting more effort will decrease their ability to compete and increase the cost of digital sustainability. The pressures of developing products and making our operations sustainable are mutually exclusive.
Customers won't pay more for environmentally friendly products if companies try to pass off the need for sustainability as a corporate social responsibility. It is not surprising that policy experts and environmental activists have occasionally suggested that governments and businesses enact stricter regulations.
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Accenture predicts that sustainability will become as fundamental to businesses as digital transformation, will become an integral and foundational aspect of business operations across industries.
Accenture suggests that sustainability, much like digital transformation, will become an integral and foundational aspect of business operations across industries. Just as businesses have undergone significant change through digitalization, sustainability will similarly drive innovation, efficiency, and competitiveness. Companies will need to adapt to new sustainability standards and practices to thrive in a greener economy.
- Sustainability Movement: Trend or Fad?
- Sustainability in business is not a mere fad; it's a trend that's here to stay. The growing awareness of environmental issues and the demand from consumers and regulators for more eco-friendly practices ensure that businesses need to integrate sustainability deeply into their operations. Examples of long-term sustainable practices include reducing carbon footprints, shifting to renewable energy, and increasing resource efficiency.
- Aging Workforce: Opportunity or Threat?
- The aging and retiring workforce can be viewed as both an opportunity and a threat for businesses. It poses a threat due to the potential loss of experienced and skilled workers. However, it also presents an opportunity for businesses to innovate and leverage new technologies and approaches. For individuals, it may mean more career opportunities in emerging fields related to sustainability and digital transformations.
- Big Tech and Sustainability
- The extensive reliance on data centers and cloud infrastructure by Big Tech underscores the urgent need for more sustainable solutions. Advances in synthetic DNA technologies offer promising alternatives that are more energy-efficient and eco-friendly. This evolution highlights how sustainability and efficiency can work in tandem to support technological growth while also addressing environmental concerns.
- In conclusion, sustainability is shaping up to be a driving force, much like digital transformation, influencing how businesses operate and innovate for a more sustainable future.
