The future of business and our planet is in the hands of AI

AI can be used to automate, monitor, and thus predict the energy needs of factories, which can greatly improve the use of energy-intensive processes. (Photo: 123RF)

Guest Blog. According to the Royal Bank of Canada, Canada will have to spend about ট্র 2 trillion (বিল 2,000 billion) by 2050 to reach its goal of carbon neutrality. This excessive amount, at a cost of $ 60 billion a year, will be shared among all the economic players in the country to actively reduce our greenhouse gas emissions. However, it is mostly businesses and consumers who will bear the brunt of this environmental debt and who will pay the bills.

There is currently no debate about the severity of the current climate emergency, which is closely linked to GHG emissions. In recent years, lectures around the environment and global warming have greatly influenced our decisions, but this is not always the case!

Remember that long ago, the idea of ​​a green and sustainable economy was far from government or even social priority. For most companies, a power change represents an expensive and complex change, and only concrete measures are taken to protect the most “green” environment in the world.

Today, however, the reality is quite different. GHG reduction is not only a matter of time, it is also becoming mandatory for a good number of companies.

Meanwhile, more stringent measures have been imposed to deal with the crisis and set fire to the powder. Quebec, like the rest of the world, has adopted a “carbon tax” or an invoice sent to major pollutants based on their CO2 emissions.

And this is just the beginning. Soon, companies and firms that want to maintain their operations and ensure their success will no longer have the option to completely reconsider their business model in order to be less corrupt in the long run, failing which they will have to pay too much or just close the store.

This is where the new technologies come into play Of these, artificial intelligence represents one of the most promising solutions for securing the future of many Quebec and Canadian industries, especially when it comes to reducing their environmental footprint.

The ability to provide in-depth information on multiple operational aspects of a business makes it the perfect tool for predicting, controlling and managing polluting or energy-intensive processes. Furthermore, a study conducted by Microsoft and PwC found that on an international scale, artificial intelligence could help reduce GHG emissions by 1.5% to 4% by 2030! Moreover, the progress that has been made in this area over the last few years has made AI much more accessible and affordable for all businesses.

There are so many cases of application that in general, we have no regrets about the positive effects that these projects can have on the environment. For example, it is easy to automate, monitor, and thus predict the energy needs of factories, which can greatly improve the cost of energy-intensive processes. Supply chain optimization is another big driver of change. In this way it is possible to reduce factory inventory, offer more suitable products for customer demand and optimize supply and transportation routes.

In the agro-food sector, crop, sales and logistics system prediction algorithms make it possible to produce the right product at the right time without wasting food. Remember that in Canada, we waste less than 58% of all the food we produce, which represents about 35 tons annually!

Of course, the financial benefits of a power change are also a major motivator of the equation. Optimized and less polluting processes are often less expensive, but also significantly reduce the energy costs of industrial processes. Even the world’s biggest names, like multinational eBay, have opted for the zero-carbon process and are now reaping the benefits.

With new technology, the business world is changing at an astonishing pace. Increasingly, consumers are looking for eco-responsible and sustainable products and services that reflect their values ​​and beliefs. Whether we like it or not, if we want to achieve the government’s goal of carbon neutrality, we will have no choice but to transform our industry and our factories. To stay competitive, Quebec businesses need to be innovative, open to new technologies and free from their reluctance to change.

We’re at a crossroads, so now is the time to invest in technology to avoid getting stuck in a corner. Beyond the desire to become more efficient and profitable, we can see AI as a key to ensuring a sustainable future for us and our children.

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