Automation
Article

How Intelligent Automation can Power Sustainable Economies

by
World Economic Forum
December 13, 2021
Get Unlimited Access

You are puchasing a Digital Access Subscription. You will be automatically charged $9.99 every 28 days for one year. Your subscription will continue until you cancel. By subscribing, you are accepting the Automation Alley Terms of Service, Privacy Policy, and Terms of Sale.

SubscribeBecome a Member

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.

-

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.

Read More Here

World Economic Forum
World Economic Forum

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.

Related
Become a Member