Microsoft Stockholm

How Is Technology Fast Tracking The Global Climate Goals? Case Microsoft

In November 2019 I was contacted by Microsoft EMEA ́s communications team in Finland and Germany. They found my profile on social media, and invited me to participate as a climate change and sustainability influencer at their event “How Technology is Fast Tracking The Global Climate Goals” in Stockholm. The event took place at urban five star Hotel At Six near Microsoft Sweden ́s new headquarters in Stockholm City Center on November 28th. 

In addition to Microsoft hosting the event, influencers, journalists and researchers from around the EMEA region had been invited to participate as well as some of Microsoft ́s global clients and partners that were giving presentations upon their areas of business and expertise, in terms of how these businesses respectively are driving the global climate goals through the application of both artificial intelligence and technology throughout their supply chains.

The moderator and one of the speakers of the event was strategist and analyst Azeem Azhar from Exponential view, who is also a member of the Expert Network and on the Global Future Council on the Digital Economy & Society at the World Economic Forum. The panelists and speakers were Ben Combes, Assistant Director and senior economist in the Sustainability and Climate Change team at PricewaterhouseCoopers, Luc Domissy, Global Sales Manager at SGS/Transparency One, Xavier Houot, Senior Vice President Global Environment, Safety, and Real Estate at Schneider Electric, David Martin, Vice President Government Relations Ecolab Europe and Market Head France and Belgium at Ecolab, Ignacio Longarte from startup Szentia, Cecilia Nord, Director Responsible Sourcing at Electrolux, Johan Martinsson, Digital Operations Lead Global IT at Electrolux, Juha Maijala, Deputy Head Intelligent Packaging at Stora Enso, and Nina Lund, Retail & Consumer Goods lead at Microsoft EMEA. 

What was being discussed at Microsoft ́s event “How Technology Is Fast Tracking The Global Goals”?

The event was fully packed with information, some of which was confidential, so addressing this in depth in one article or blog post is an impossible task. To keep it brief, Microsoft as one of the world ́s largest organizations together with its clients and partners is addressing the world ́s perhaps largest challenge climate change and taking actions with the help of artificial intelligence and technology to solve the global climate crisis.

Although artificial intelligence and technology alone hardly will be capable of solving the global climate crisis, it is estimated that with the help of artificial intelligence and technology, at least five percent could be reduced in terms of global greenhouse gas emissions. This is still far from the much needed reduction of 90% in greenhouse gas emissions. To meet the Paris Agreement, all stakeholders involved would have to significantly reduce greenhouse gas emissions. 

The main takeaways from the event were: 

  • The largest greenhouse gas impacts are within the supply chain (75% of total emissions), which is why every business worldwide, backed-up by science-based insights, must drive the reduction of emissions (Azeem Azhar, Exponential View)
  • Research by PwC UK, commissioned by Microsoft, has identified more than 150 AI applications for key Earth challenges; meaning that emerging technologies with artificial intelligence at the core, can be transformational in terms of tackling the world ́s most urgent environmental challenges (Ben Combes, PricewaterhouseCoopers)
  • AI can enable future technology and systems to be more productive and help reduce waste in terms of the global economy and environment, thus increasing sustainable economic development
  • The mapping of any business supply chain helps build consumer trust and influences end-customer behavior to prioritize sustainability (Luc Domissy, SGS/Transparency One)
  • Sustainability across supply chains, circular, low CO2 and profitable business models (Xavier Houot, Schneider Electric)
  • Fresh water is a scarce resource, and water sustainability must be at the core of each carbon neutral or carbon negative program. Companies can provide better products at lower costs while saving water (David Martin, Ecolab)
  • How do you mainstream environmental performance in a globalized world where every organization is becoming a technology company? 
  • How can brands be moved into the circular economy through blockchain-based solutions? (Ignacio Longarte, Szentia)
  • Electrolux wants to be the best appliance company worldwide, committing to zero carbon emissions from their facilities and striving towards circularity across the business (Cecilia Nord & Johan Martinsson, Electrolux)
  • Stora Enso is a pioneer in externally approved science-based targets to reduce the company’s greenhouse gas emissions. Fossil-based materials can be replaced by trees (Juha Maijala, Stora Enso)
  • How can circular economy become the “new normal”? 

While many climate change skeptics worldwide are still denying anthropogenic climate change, claiming that climate change is a hoax and that climate change would be used as an excuse for businesses around the world to make money, this is far from the truth. There is plenty of research and scientific evidence supporting the fact that human activities, mainly in the form of emitting high amounts of greenhouse gases into the Earth´s atmosphere, are causing global warming and climate change. Not only is rapid population growth at the core of the environmental problems, but also the way we live and consume on this planet. Making circular economies the “new normal” and businesses around the world taking science-based and carefully planned action in terms of reducing or even eliminating greenhouse gas emissions is no longer merely a competitive advantage for businesses.

Climate action and sustainable economic development have become a must for everyone, that is if we want to enable future generations a healthy planet to live on. Despite the currently even dramatic outlook for the global environment, it is far better to take action now and to prepare for the worst-case scenario rather than remaining in a state of non-action. In fact, non-action in terms of environmental sustainability and sustainable economic development is the worst thinkable solution. Artificial intelligence and various technological advancements may be key solutions for saving humanity. 

Anne-Maria Yritys

 

 

 

 

 

Photo Credit: Falk Lademann on Flickr

How Can Artificial Intelligence Improve The World Energy Market?

With a rapidly increasing number of companies using some form of artificial intelligence (AI), such as big data automation, predictive/prescriptive analytics, machine learning, expert systems, neural networks, interactive voice response technologies, and avatar technologies, in their business models, artificial intelligence is forecast to disrupt all industries. With only a small percentage of businesses not yet using or not even planning to utilize artificial intelligence in any way, according to Infosys and Harvard Business Review, some opinions state that within a decade from now, managers not using AI will be replaced by those who do. 

As stated by Infosys, the main reasons for applying various forms of AI, as the findings of the study “Amplifying Human Potential: Towards Purposeful Artificial Intelligence” reveal, were:

  1. Automation of IT processes
  2. Automation of business processes
  3. Increase innovation
  4. Improve employee knowledge and skills
  5. Increase employee productivity
  6. Improve decision-making
  7. Increase revenues
  8. Save costs
  9. Improve go-to-market time
  10. Improve customer experience

Franklin Wolfe writes in How Artificial Intelligence Will Revolutionize the Energy Industry, a special edition on Harvard University ́s blog on August 28, 2017, artificial intelligence and the energy sector are becoming more and more interconnected, whereby choosing a career path in either of these sectors does not necessarily signify excluding the other. Phil Goldstein, on the other hand, writes in his article in BizTech on October 25, 2017 that AI can support the energy industry in many ways: in improving energy efficiency, predicting possible blackouts and failures, and even support human beings in detecting completely new sources of energy. 

According to technology research and advisory firm Gartner, 85% of all customer interactions will be managed without a human by 2020. Global Energy Business BP already explores how performance in the oil and gas industries can be improved with the help of artificial intelligence. According to technology expert Walker at BP, AI algorithms i.e. processes are about to transform how BP optimizes its operations. 

Learn more by watching Stanford Graduate School of Business ́s video “Andrew Ng: Artificial Intelligence is the New Electricity”:

Connect with me on Twitter @annemariayritys. For climate/environment-related posts only @GCCThinkActTank. Subscribe to Yritys Executive Services to receive my latest posts.