Tuesday, January 31, 2023
No Result
View All Result
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
  • Home
  • Recent
  • Business
  • Economy
  • Investing
  • Markets
  • Personal Finance
  • Retirement
  • Tech
  • Startups
  • Insurance
  • Market Research
  • Crypto
No Result
View All Result
Home Market Research

How To Kick-Start Your Innovation For Creating An Environmentally Sustainable Enterprise

Updates Finance by Updates Finance
July 11, 2022
in Market Research
0
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Care Partners: Hidden in Plain Sight. Implications for Market Research

Data Privacy Day, B2C Marketing Edition

Forrester’s Demand & ABM Program Of The Year Award

Innovation leaders today are looking to make their businesses more environmentally sustainable and trying to replace existing products with new innovative carbon-neutral offerings. But available technologies such as cloud computing or energy consumption monitoring only marginally support sustainability efforts in traditional IT. Looking at manufacturers, fully recyclable materials are not only scarce but also limited in use due to their specific chemical and physical compositions. Recycling these materials is expensive because the materials currently available weren’t designed to be recycled.

So what can R&D units and innovation leaders do to not only drive innovation around sustainable products, but also make the innovation process more environmentally friendly as well? Below I have summarized some of the key first steps you can take in this regard.

  • Move sustainability efforts beyond IT carbon neutrality. As sustainability isn’t limited to reducing the corporate carbon footprint, but anything that is harming the planet, company leaders must look at their whole value chain to identify those externalities. Forrester’s Technology Sustainability Framework provides a comprehensive tool to discover, structure, and tackle environmental side effects of doing business with a focus on information technology, but not limited to IT.
  • Understand that setting up an R&D lab requires appropriate experience and huge funds. Setting up your own technology or material research lab requires huge financial investments and hiring and retaining scarce talent. As experimentation timelines are long and the probability of promising results are hard to predict, there is a significant failure risk, not many enterprises are able to afford. Which is why there is much slower progress in materials research and development compared to digital innovations and inventions that don’t require tangible hardware.
  • Replace experimentation with simulation to increase sustainability scores. Simulation is faster, less energy-intensive, and safer than experimentation. Global consumer packaged goods giant Reckitt, as an example, has adopted molecular modeling software for sustainability innovation initiatives and expedited their R&D timelines by ten times compared to their traditional, purely experimental approach. P&G simulates the properties of carbon-free, water-soluble packaging materials before piloting them in reality leading to significantly faster results than with physical experimentation.
  • Leverage Research-as-a-Service (RaaS) is an option to kickstart simulation, too. Eonix, a company focusing on novel energy storage materials leverages RaaS to identify compounds that improve energy density and charging rate of lithium ion batteries for grid storage, electric vehicles, and other applications. US-based software company Schrödinger provides the research service based on their computational platform and develop physics-based machine learning models. These models enable screening of hundreds of thousands of chemical candidates for the desired properties without conducting a single experiment.

Enterprises that are serious about saving the planet while staying in and growing their business should consider “Research-as-a-Service” beyond working toward reducing their IT operations’ carbon footprint. Sustainable materials and unharmful manufacturing operations are urgently needed for out planet!



Source link

Tags: CreatingenterpriseEnvironmentallyInnovationKickStartsustainable
Share30Tweet19
Updates Finance

Updates Finance

Recommended For You

Care Partners: Hidden in Plain Sight. Implications for Market Research

by Updates Finance
January 30, 2023
0

When we talk about patient centricity and patient centered care, we often emphasize the importance of considering the patient perspective, their priorities and needs as articulated by the...

Read more

Data Privacy Day, B2C Marketing Edition

by Updates Finance
January 27, 2023
0

Happy Data Privacy Day, marketers! If you’re thinking “What’s that?” and “Why should I care?” … stick with me for a minute. Data Privacy Day occurs annually on...

Read more

Forrester’s Demand & ABM Program Of The Year Award

by Updates Finance
January 27, 2023
0

Rock-Star Demand & ABM Teams Deserve Recognition It may sometimes appear like organizations “abracadabra” growth when, in fact, behind the curtain, demand and ABM teams are contributing blood,...

Read more

Agile + Low Code = Digital Transformation Rocket Fuel

by Updates Finance
January 27, 2023
0

Truly digital firms have business models with technology at the core, and this technology is software. For such firms, software is an expression of the business. To become...

Read more

6 Things To Know – GWI

by Updates Finance
January 27, 2023
0

On February 12, Super Bowl LVII will kick off in Arizona and if past viewership numbers hold up, over 110 million viewers could be tuning in. Part football...

Read more
Next Post

Selling Puts Has a Fatal Flaw — Are You Missing It?

Related News

How fraud detection improves customer experience

October 14, 2022

Fundamental Analysis of TVS Motor

October 17, 2022

The Forrester Enterprise Architecture Award Finalists For EMEA

September 30, 2022

Browse by Category

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Get the latest Financial news on updatesfinance.com. Business news, Economy news, Investing news, Personal Finance and more.

CATEGORIES

  • Business
  • Cryptocurrency
  • Economy
  • Insurance
  • Investing
  • Latest updates
  • Market Research
  • Markets
  • Personal Finance
  • Retirement
  • Startups
  • Technology

Recent News

  • Meta earnings report will provide hint at how online ads are doing
  • Intel’s 31TB SSD sees huge price drop at Walmart but it won’t fit your PC

Copyright © 2022 - Updates Finance..

No Result
View All Result
  • Home
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Updates Finance..

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?