Published on: Monday, 26 August 2024 ● 6 Min Read
SINGAPORE, Aug. 26, 2024 -- IBM (NYSE: IBM), in collaboration with Ecosystm, released a pivotal new whitepaper, the "Sustainability Technology Guide for Executives," aimed at empowering business leaders in the Asia Pacific region to leverage tech-business synergy to accelerate sustainable transformation.
Ecosystm data reveals that surveyed organizations in the Asia Pacific region are still in the early stages of integrating sustainability into their core business operations, with only 21% having a truly strategic approach to sustainability. Data challenges top the list of sustainability concerns, as achieving a real-time, AI-powered, holistic view of current environmental impact and implementation progress—necessary for prioritizing the most cost-effective ways to achieve sustainability goals—requires a robust baseline of ESG data.
The top challenge faced by Asia Pacific organizations, according to the whitepaper, is the integration of automation and AI system data with enterprise data (48%), followed by the need to collect data from multiple internal systems (45%) and identify the right data for reporting requirements (42%). A recent study by IBM Institute for Business Value also found that only 4 in 10 organizations can automatically source sustainability data from core systems such as ERP, enterprise asset management, CRM, energy management, and facilities management. To enhance credibility, foster trust and strengthen relationships with customers, investors, and other key stakeholders, transparent, verifiable and audit-ready data across the value chain is essential.
"Asia Pacific organizations struggle to turn the sustainability agenda into a competitive business advantage, as incorporating sustainability data and insights into operational improvements requires high-quality data and robust governance capabilities that underpin trust. While generative AI can be a game changer for data-driven sustainability, leveraging hybrid cloud to integrate data and facilitate interoperability across organizations is key to enabling sustainability at scale," said Hans Dekkers, General Manager of IBM Asia Pacific. "Technology is vital for operationalizing sustainability, and IBM solutions and services are assisting organizations throughout the region in harnessing the power of data and AI to achieve a positive sustainable impact that also enhances business value."
Highlights from the whitepaper include:
"Organizations that embrace tech-led sustainability decisions can turn sustainability from a cost centre into a value driver, ensuring long-term business success while leaving a positive environmental legacy," said Sash Mukherjee, VP Industry Insights, Ecosystm. "By following the three-layered tech-led sustainability framework and the checklist in this guide, Asia Pacific leaders can create a compelling, data-driven sustainability narrative that inspires action, manages risks, and builds stakeholder trust."
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About Ecosystm
Ecosystm is a leading research and advisory company that empowers organisations to transform and drive positive change through digital transformation and innovation. We are the trusted partner for businesses seeking market growth and new opportunities, leveraging our in-depth market expertise, data-driven insights, and world-class analysts and advisors. Visit www.ecosystm.io to learn more.
About IBM
IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalise on insights from their data, streamline business processes, reduce costs and gain a competitive edge in their industries. More than 4,000 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM's hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM's breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM's longstanding commitment to trust, transparency, responsibility, inclusivity and service.
Visit www.ibm.com for more information.
Media contact:
Paranee Reymondon
paranee@th.ibm.com
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