The Internet of Things has been helping companies to reduce costs, increase productivity, among other benefits. One of the aspects that should improve is the use of IoT in sustainability, helping companies to cut and compensate for the emission of gases that can generate climate change and use natural resources more efficiently.
Recently, more than 200 companies, including Pepsico, Scania and HP, joined the Carbon Pledge to become “net zero” by 2040. Data from Microsoft’s IoT Signals shows that 34% of the organizations interviewed prioritize their sustainability goals as part of their progress in 2022 and 47% expect to achieve zero carbon by 2025. The study also shows that 73% of companies with short-term sustainability goals see IoT projects as very important to achieve these goals. Internet of Things projects optimize the use of natural resources, which ends up contributing to sustainability initiatives.
IoT to optimize water and energy use
According to the Food and Agriculture Organization (FAO) and the UN, agriculture is the sector responsible for the largest consumption of water in the world, using about 70% of all water consumed. IoT projects in the industry can help create more efficient solutions for usage control, providing real-time information on irrigation, weather (rainfall forecast) and on-site resource availability to optimize water usage. In addition, it is possible to use connected and smart devices to measure other indicators such as temperature and soil acidity levels to make production more efficient, as we have discussed in this post at EUGENIO’s blog.
IoT projects also allow reducing waste and consumption through sensors that automate the management of energy use. They provide smarter control. For example, a company may purchase energy according to the actual use of its facilities. This has both a financial and na environmental impact.
Sustainability and your company brand
Another benefit is related to the perception that the consumer has about a brand. More and more people prioritize the consumption of products and services from companies engaged in sustainable initiatives and the Internet of Things accelerates the way these organizations can achieve the defined goals. This could become a competitive advantage in the coming years.
We need to invest in sustainability, not only for reasons related to cost reduction, increased productivity or increased revenue generation, but to create a sustainable ecosystem where there is a balance between economic development and the environment. The Internet of Things is a powerful tool for governmental and private organizations to achieve their goals faster and more efficiently. If you want to know more about how IoT and EUGENIO can help your company to take the next step, contact us here!