The path to net-zero starts with data
data management system for hundreds of remote sites has helped the Dubai municipality save about $2 million a day by reusing water. At Michelin, a centralised monitoring and energy tracking system across 65 factories helps achieve a 10% reduction in water and energy consumption.
It’s clear that, if deployed at scale, technology could be a gamechanger in accelerating the world’s transition to net-zero emissions. So, why aren’t more companies doing this? Lisa Wee, global head of sustainability at industrial software provider Aveva, points to the pace of digitalisation. “We still haven’t seen digitalisation done successfully at scale by most companies. In fact, 70% of industries haven’t yet managed this,” she said. “Until you have that foundation in place, you’re jumping ahead by talking about the benefits of AI or machine learning, because the quality of foundational data is so important.”
Wee pointed out that over 50% of industrial data in the world was created in just the last two years. “Once you have good foundational data and a standardised way of bringing it together [across plants or functions], you can deploy analytics on top of it. You can find out, for example, that paint drying might be your most energy intensive process,” she said.
Toyota’s use of software to monitor energy consumption data, for instance, enabled it to reduce emissions by over 30% and carbon impact by 28%, Wee noted.
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