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How Intelligent Automation can Power Sustainable Economies

by
World Economic Forum
December 15, 2021
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Summary

The accelerated rate of digital transformation has opened industries and societies to new opportunities for creating greater value. Now it’s time to use these opportunities to build sustainable economies for improved governance, better lives for citizens, and reduced pressure on the natural environment.

How Intelligent Automation can Power Sustainable Economies

“The accelerated rate of digital transformation has opened industries and societies to new opportunities for creating greater value. Now it’s time to use these opportunities to build sustainable economies for improved governance, better lives for citizens, and reduced pressure on the natural environment," says Anoop Tiwari, Senior Corporate Vice President at HCL Technologies, in this World Economic Forum article. Read more about how intelligent automation can carve a new pathway toward achieving both sustainable economies and energy transition.

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While sustainability is in question amidst the raging COVID-19 pandemic, we have had a few rays of hope – communities’ resilience, the helping hands of governments, and worldwide collaborations to develop and distribute vaccines. We are also on the verge of a technology renaissance.

The accelerated rate of digital transformation has opened industries and societies to new opportunities for creating greater value. Now it’s time to use these opportunities to build sustainable economies for improved governance, better lives for citizens, and reduced pressure on the natural environment.

Toward sustainable goals

Today, several countries still lack basic hygiene, are deeply affected by political conflict, suffer from pollution, and experience exploitation and abuses. The pandemic has further exacerbated these issues, posing a significant challenge for nations to build fairer economies. In a recent report, the UN revealed that the global economic downturn has again increased the extreme poverty rate from 8.4% in 2019 to 9.5% in 2020, after having considerably decreased since 2015.

In such a scenario, achieving the UN sustainable development goals (SDGs) 2030 agenda would be nigh-on impossible. But there is still hope – if the leadership takes significant steps and cooperates with each other. For example, the countries in the EU have been working toward common sustainable economy goals to achieve their climate and financial ambitions since 2018. Recently, they adopted and applied several initiatives and regulations to support sustainable economic activities and ensure they become a carbon-neutral economy by 2050.

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World Economic Forum
World Economic Forum

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