siliconindia | | APRIL 20248As the world works on tough challenges related to the environment, society, and business (ESG) ethics, artificial intelligence (AI) steps in as a crucial tool for meeting these goals. AI helps organizations make their reporting on these issues easier, be more open about what they're doing, and make decisions that help the planet and society. By using AI technology like language processing and learning, organizations can automatically collect data and learn important things about how well they're doing on these goals and what risks might be coming up. In India, advancements are being made in utilizing data and AI to achieve SDG & ESG goals.Sustainability Challenges and Data Solutions in IndiaIndian organizations encounter significant hurdles in their sustainability journey, beginning with the identification of material issues crucial for stakeholders and their alignment with ESG strategies. The absence of standardized reporting rules complicates data collection, while smaller businesses struggle with ESG-related costs amid India's shift away from fossil fuels. To excel, companies must adopt forward-thinking strategies leveraging data and technology, guided by the UN SDGs, especially SDG 9, emphasizing resilient infrastructure and sustainable industrialization.Reports underlined that the effectiveness of data-driven approaches is vital for overcoming challenges like those posed by the COVID-19 pandemic. These strategies not only enhance sustainability efforts but also meet ESG targets and regulatory demands. Enterprises must harness data's potential to drive real-time decision-making, with examples including e-commerce firms using sensors for sustainability analytics and companies predicting fruit maturity to reduce resource usage. These innovative edges are a sign of a shift towards data-driven sustainability, crucial for a sustainable future.Pratik Jain, Lead Business Analyst ­ Digital Transformation, ACS Global Tech Solutions (an Innova Solutions Co.), says, "ESG considerations into their strategies, businesses can drive positive social and environmental impacts while fostering responsible EDITORIAL EXCLUSIVETHE POWER OF DATA & AI FOR ACHIEVING SDG & ESG GOALS
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