target audience: TECH BUYER Publication date: Apr 2024 - Document type: IDC TechBrief - Doc Document number: # US51745124
IDC TechBrief: AI for Sustainability
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Abstract
Generative artificial intelligence (AI) is a transformative tool for sustainability, enabling organizations to address complex environmental, social, and governance (ESG) challenges. It optimizes resource efficiency, predicts and mitigates risks, accelerates innovation, enhances stakeholder engagement, and drives impactful decision-making. Generative AI has expanded its applications to include data augmentation, scenario analysis, sustainable design, ESG integration in finance, policy analysis, and stakeholder engagement. However, its adoption comes with risks such as data bias, ethical considerations, regulatory compliance, model robustness, and dependency on technological infrastructure. To mitigate these risks, a comprehensive risk management approach is necessary. Organizations need to assess their readiness to integrate generative AI for sustainability, considering factors like data availability, technological infrastructure, strategic alignment with sustainability goals, ethical and regulatory implications, and readiness for change.
This IDC TechBrief discusses the role of generative AI in addressing environmental, social, and governance challenges. It highlights how generative AI can optimize resource efficiency, predict and mitigate risks, accelerate innovation, enhance stakeholder engagement, and drive impactful decision-making. The document also explores growth of generative AI as a tool for sustainability, its applications in various sectors, and the potential risks associated with its adoption. It concludes by assessing the readiness of organizations to integrate generative AI for sustainability.
"Generative AI represents a transformative approach to sustainability, enabling organizations to harness the power of machine learning algorithms to address complex environmental, social, and governance challenges." — Dan Versace, research analyst, ESG Business Services