Two sides to the coin of growth: Sustainability and digital transformation

Mukesh Gandhi Digital technology is an operant tool, helping define and achieve a range of organizational goals. With forecasts of global digital transformation spending reaching USD 3.4 trillion by 2026, businesses clearly envision the merits of this investment. But at the same time, business sustainability has become a hot topic globally, over the last three years, resulting in increased pressure from regulators and investors alike. Even customers (retail and enterprises alike), have pivoted their priorities since the pandemic. They want to support businesses that hold themselves accountable and actively report their sustainability metrics. It is promising that about 87% of business leaders expect to increase their investment in sustainability in the coming years. But this doesn’t mean that businesses need to redirect their investments from digital transformation to sustainability, they just need to merge the two. And over the last decade, businesses that have succeeded in doing so, have found improved resilience, and better operational performance. With technology, sustainability targets become easier to set and achieve and it is not as arduous as it may seem. Enhanced governance There is a treasure trove of opportunity for businesses to incorporate technology in significant ways. Carefully planned virtual systems can enable […]

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