Leveraging AI to Advance Sustainability
Leveraging Data with AI
The incorporation of AI into businesses has brought about a revolution in data analysis. With AI, processing vast amounts of information has become more efficient and cost-effective, enabling organizations to quickly generate reports and make informed predictions. AI also helps to personalize products and services to meet customers' unique needs.
The Global Fishing Watch is a prime example of AI's ability to process large data sets. The platform uses AI to monitor and analyze over 22 million daily position messages from over 200,000 ships, helping to track and protect the world's fishing industry.
In addition to global initiatives, AI is also being utilized by companies to make sense of large and complex data sets. This has proven useful in issue management and prioritization, including improving materiality assessments.
Efficient utilization of scarce resources
As the availability of natural resources becomes increasingly limited, it's crucial to utilize them in a smart and efficient manner. AI technology can play a significant role in this regard by monitoring the consumption of resources and compensating for their use.
IBM provides a prime example of how AI can be used to optimize resource allocation. The company utilizes AI to enhance weather forecasting and predictions for renewable energy, thereby assisting utility firms with a substantial presence of renewable energy to manage their energy load better. This results in increased renewable energy production and consumption, reducing greenhouse gas emissions.
Optimized Forecast and Decision Making
AI has the potential to revolutionize the way organizations make decisions about their energy and resource usage. With improved predictions and real-time monitoring, businesses can make informed choices that lead to cost savings and operational improvements.For instance, Google has leveraged AI to reduce energy consumption in its data centers by 40% through better understanding the processes taking place. On the other hand, Interserve, a company specializing in facility management, uses real-time data to quickly detect and prevent the growth of dangerous pathogens, improving safety and reducing maintenance costs. In this way, AI has the potential to transform the way companies allocate resources and minimize their environmental impact.