By Prangya Pandab - December 07, 2022 4 Mins Read
It is increasingly clear that understanding how sustainability can be woven into the fabric of business will improve value. And the key to effective ESG is automation.
Businesses frequently encounter the word “sustainable,” but what does it mean to them? Answering this question is crucial because it touches on a critical aspect of the economic endurance that sustainability provides to businesses of all sizes. At the same time, it is becoming clear that companies need to understand how to integrate sustainability into business practices better.
Businesses face too many Environment, Social, and Governance (ESG) challenges, and many fall short of their goals. Companies need to do more to meet their sustainability objectives. However, in a market that is unstable, it can be challenging to meet these goals because multiple variables can have an impact on business outcomes.
Every business has a moral responsibility to limit waste production and its subsequent environmental impact. End-to-end corporate-scale automation can assist companies in integrating sustainability goals right into operational workflows and creating effective strategies to increase optimized energy use. This is made possible by the shift in resource optimization and process efficiency brought on by energy efficiency, digital transformation, and the flexibility to adapt to emerging technologies that are facilitated by hyper automation enablement platforms.
Automation can be used, for instance, to turn off network devices while not in use. Businesses can successfully reduce their energy use by using robots to switch off these nodes. Additionally, at a time when energy costs are rising to unprecedented heights, this will result in significant cost savings.
Businesses must look beyond the obvious advantages of automation enablement platforms. The emphasis should be on developing a system that is dedicated to addressing the more serious issues that come with seamless workflow management spanning numerous domains.
Robotic Process Automation (RPA) is used to read data and extract relevant information. It can help minimize waste more quickly. It is a critical and strategic accelerator for sustainability. RPA, which uses software robots to carry out systematic, simple, and repetitive business processes like data entry, has a significant impact on sustainable business practices. Relying on platforms that enable hyper automation can help achieve significant progress in this area.
Digitization reduces the need for paper and makes energy use more efficient and sustainable. Digital technologies like 5G, Artificial Intelligence, and Blockchain are a few examples that can enhance and accelerate the effects of environmental regulations. A strong digital economy will enable the emergence of advanced green companies that will address the climate challenge.
Process mining has the ability to reveal actual emissions, advance factual transparency, and increase public awareness of environmental problems. Every activity taken as part of a business process leaves a digital footprint that can be connected to a carbon footprint. It is possible to assign carbon footprints to transportation, raw materials, manufacturing procedures, and other activities, providing a detailed view of the actual emissions brought on by each business activity and process step. With the proof from data-driven reporting, companies can monitor process development and be industry leaders committed to the environment.
Automation supports corporate-wide and function-specific strategies that improve customer support and experience that helps maximize cost savings. Since it helps in identifying, evaluating, and prioritizing solutions that increase business value while lowering costs and raising customer satisfaction, customer experience optimization must be done regularly rather than one that only occurs during times of high expense pressure.
Future technological advancements are also anticipated to have an impact on governance. Now, leaders must make decisions for their regions while taking environmental factors into account and prioritizing values, data, and ethics. These decisions will provide leaders with the ability to run a sustainable and resilient economy while achieving their SDG goals.
Businesses must also be ready to take action if they want to retain their clients and employees, as the importance of sustainability will only increase over time. With automation enablement software that can address key concerns, businesses can achieve their sustainability goals and also save time and resources on regular company processes.
Prangya Pandab is an Associate Editor with OnDot Media. She is a seasoned journalist with almost seven years of experience in the business news sector. Before joining ODM, she was a journalist with CNBC-TV18 for four years. She also had a brief stint with an infrastructure finance company working for their communications and branding vertical.
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