Sustainable operations in the industry: how does AI help with your ESG challenges?
More sustainable operations: it demands a lot from your company. Especially in the industry, the pressure surrounding ESG is increasing. The good news is that AI offers relief. This ranges from reducing your environmental impact and risks (including supply chain) to optimizing your production processes and reporting on ESG. Read how this works in this fourth and final blog in our series on ESG and asset management.
1. Continuously monitor your environmental impact and that of your suppliers
How much CO2 or other polluting substances do you emit? How much water do you use? And how efficiently do you use energy? With AI, you collect and analyze real-time data from IoT sensors and industrial systems. This can even be done from the air or underwater, with drones that independently perform inspections. This way, you have insight into the environmental performance of your installations or production processes at any time. In the same way, you map the ESG performance of your suppliers. Where are the risks for you?
2. Look ahead and make the right strategic decisions regarding ESG
What are the consequences of, for example, your emissions or waste management in the longer term? With AI, you analyze large amounts of data to predict the environmental impact of your activities. This helps you make strategic decisions that minimize your impact. The simulations you create with AI are also useful. Based on different scenarios, you can see how changes in production processes or materials affect your sustainability performance. With these insights, you can reduce the energy consumption and waste production of your production to a minimum. Another advantage is that you immediately save on your costs.
3. Create a safe working environment for your employees
A safe workplace and healthy working conditions: especially in the industry, you do everything you can to take your social responsibility. By using AI to analyze data such as employee feedback, accident reports and compliance reports, you make the social performance of your company transparent. How is your organization doing in this area? And what could be improved?
4. Report and compare your ESG performance
AI not only helps you create clear ESG reports, both for your own company and for your customers, investors, regulators and other stakeholders. You can also easily compare data with industry standards and benchmarks. This enables your company to put your ESG performance into context. Where is your company lagging behind? And what can you do about it?
5. Make incidents and maintenance predictable
When is there a high probability of a malfunction in your equipment or infrastructure? And what maintenance is needed to prevent breakdowns and unsafe situations? With machine learning, in which data such as vibrations, pressure and temperature are analyzed, you identify possible problems with your assets at an early stage. This enables you to take preventive measures. You prevent potential incidents that cause environmental or safety problems, such as leaks of hazardous substances or explosions, and you have maximum control over your risks.
6. Comply closely with environmental and safety regulations
Complying with all regulations regarding the environment and safety is a challenge. How do you keep track of whether you are complying with the rules? AI can help you with this. For example, are you threatening to exceed certain standards for emissions or noise? Or do the employees you hire to maintain your installations not have the correct papers? Then you will automatically receive a warning. You avoid fines and reputational damage.
IBM Maximo Application Suite and AI
IBM Maximo Application Suite (IBM MAS) is full of powerful AI technologies to support the ESG efforts of companies in the industry and other sectors. Think, for example, of smart real-time monitoring of your assets on, among other things, performance, emissions and noise, and of visual inspections with AI-driven drones. Of in-depth analyses of large amounts of data about the condition and environment of your assets, based on which you automatically generate up-to-date reports and dashboards. Or predicting malfunctions and potential hazards to the environment or your employees. IBM MAS helps you in many ways with AI to improve the ESG performance of your company. You reduce your impact on the environment, while meeting the requirements of your investors, customers and regulators.
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Want to know more?
Would you like to know more about ESG and how Gemba supports you with this with IBM MAS and AI? Please contact Emile van Rijn: +31 (0)618423531 43 or e.vanrijn@gemba.nl.
