Written by: Ushna Hassan
Let’s explore some examples of how businesses are using sustainable digital transformation for better results.
Automation & AI
One way companies are improving sustainability is through automation and AI. Automation helps reduce energy consumption by eliminating manual tasks that require electricity or heat from sources like gas or oil.
This can help lower operational costs as well as greenhouse gas emissions. In addition, AI can be used to manage resources more efficiently and identify potential sustainability issues before they become serious problems.
For example, AI-powered systems can detect potential water leaks before they become costly spills or accidents.
Some of the digital transformation examples that you should prioritize.
- Opting for comprehensive cybersecurity and data governance strategy.
- Create and launch new customer facing apps.
- Reskilling and training employees to turn them into citizen developers.
- Implement modern technology stacks like RPA, Data Science, AI, etc.
- Motivating innovation and testing to create an internal innovation Hub or Lab.
- Modernizing IT infrastructure like cloud migration or settling IT debt.
Major examples of Digital transformation in Banking sector
The banking sector has been actively implementing digital transformation strategies to stay competitive and provide seamless user experiences.
Some of the examples are:
- Automated customer service using chatbots and AI-powered tools.
- Introducing mobile apps for faster financial transactions.
- Cloud computing for data storage and analysis.
- Risk management through predictive analytics.
- Data security through biometric authentication.
- Digitizing processes like loan applications, document signing, etc.
- Leveraging open banking APIs to create an ecosystem of innovative products and services.
These digital transformation initiatives have enabled the banking sector to become more efficient in operations, cost-reduction, customer satisfaction and improved user experience.
Cloud Computing & Big Data
Additionally, big data analytics can be used to assess resource utilization in order to identify areas where efficiency improvements can be made. Companies can then use this information to inform decisions about how best to allocate resources for maximum sustainability benefits.
IoT & Smart Cities
By gathering this data in real time, cities can better understand how citizens interact with their environment and make informed decisions on how best to manage resources more sustainably. Smart cities are already leveraging IoT technologies such as adaptive lighting systems that dim lights when they aren’t needed or motion sensors that turn off appliances when no one is around.
By leveraging new technologies such as AI, cloud computing, big data analytics, and IoT devices for green initiatives, companies have the opportunity to save money while also reducing their carbon footprints, a win-win situation!
If you’re looking for ways your business could benefit from sustainable digital transformation strategies let us know, we’d love to help you get started!