Tag: ESG and Sustainability

AI to Boost Sustainability If Carbon Costs Are Kept in Check | In the News

AI, especially generative AI today, is an important set of technologies needed to advance sustainability goals – but there are potential downsides to adoption.

The impact of AI will be broad across industries, as it’s poised to revolutionize sustainability technology and services in terms of expertise, pace, innovation, and cost, according to Ambika Kini, Senior Analyst for sustainability technology at Everest Group.

Power consumption remains the primary concern as the adoption of AI increases, according to Kini. However, many IT service providers are investing in R&D efforts to make their models greener to curb energy consumption and reduce the carbon footprint.

Read more in Tech Target.

Impact Sourcing: Discovering Key Talent and Revitalizing Business Outcomes | Virtual Roundtable

Virtual Roundtable

Impact Sourcing: Discovering Key Talent and Revitalizing Business Outcomes

March 28, 2024 |
9:00 AM EDT | 6:30 PM IST

For the IT/BPS/GBS sectors, impact sourcing has become a key talent strategy, emerging from a niche pilot program to a transformative process for improved business results. This socially responsible process of outsourcing allows for greater inclusivity, with intentional hiring processes enabling those with more limited employment but great talent to develop their careers. From a corporate perspective, impact sourcing can surface the best talent and yield significant business value.

Join our virtual roundtable along with expert analysts and your peers and take part in a lively discussion about how to leverage impact sourcing as a secret spend weapon. In this open discussion, industry leaders will cover how to create a strong impact sourcing program with long-term sourcing ecosystem planning and success.

Participants will discuss:

  • Leveraging impact sourcing for innovation and business success with a well-defined roadmap
  • Key considerations to keep in mind while designing or scaling their impact sourcing program
  • Approaches for strategic integration of impact sourcing
  • Best practices to keep in mind
  • Measuring impact/success of impact sourcing programs with key metrics and reporting strategies 

Who should attend? 

  • Procurement and sustainability leaders
  • Category Managers
  • Sourcing managers
  • Supplier diversity program managers
  • Responsible and sustainable procurement teams 


Virtual Roundtable Guidelines 

The only price of admission is participation. Attendees should be prepared to share their experiences and be willing to engage in discourse. 

Participation is limited to enterprise leaders (no service providers). Everest Group will approve each attendance request to ensure an appropriate group size and mix of participants. The sessions are 90 minutes in duration and include introductions, a short presentation, and a facilitated discussion. 

Devisetty Susmitha
Senior Analyst
Everest Group
Hanjura Khushboo
Senior Analyst
Everest Group
Soni Rita B
Principal Analyst
Everest Group
Aniruddha edited

Pressing Global Issues and Solutions in Tech: Reflections on WEF Davos ’24 | LinkedIn Live

LINKEDIN LIVE

Pressing Global Issues and Solutions in Tech: Reflections on WEF Davos '24

View the event on LinkedIn, which was delivered live on Wednesday, February 6, 2024.

Heads of state and governments, top business leaders, global institutions, and civil society convened at the World Economic Forum (WEF 2024) in Davos, Switzerland, on January 15-19, 2024, and discussed pressing global issues and how to act on them. 🌍

Climate change and economic inequity have been critical themes for Davos over the years, and this year’s event was expected to underscore sustainability themes, as well as the proactive role of emerging technologies, such as generative AI, in shaping a responsible future built on trust, collaboration, and sustainable development. 🌱🤝🔍

During this LinkedIn Live, we helped enterprises understand the key takeaways from the WEF annual meeting and the major trends in the climate and sustainability tech and services industry that are changing the marketplace in 2024.

During the event, we explored:

✅ What are leading global enterprises and global institutions doing to drive sustainability, and what’s working? 💡
✅ What are the key demand themes in the market that sustainability leaders across the globe are following to accelerate their path to net zero?
✅ What are the key trends shaping technology and the services market for climate and sustainability?

Meet The Presenters

Dwivedi_Arpita
Practice Director
Everest Group
Soni Rita B
Principal Analyst
Everest Group
Marisa Zalabak
Applied AI Lead
The Digital Economist
Aniruddha edited

GSA’S Sustainable Sourcing Symposium | Conference

conference

GSA’S SUSTAINABLE SOURCING SYMPOSIUM

January 31, 2024

The GSA Symposium 2024 will kick-start your year with all the insights and tools you need to drive more sustainable sourcing throughout 2024.

David Rickard, Partner at Everest Group, will be doing the opening keynote, sharing insights from our Key Issues 2024 study. David will delve into key business challenges, strategies, and industry insights, to help kickstart your year and stay ahead of the curve in 2024.

Everest Group’s Key Issues 2024 study captures the pulse of IT-BP industry leaders from across the globe to uncover major concerns, expectations, and trends, and how they plan to drive accelerated value through global services in 2024. Themes include the global services industry outlook, key business challenges and priorities, expectations from service providers, expected changes in outsourcing deals, digital and next-generation capability priorities, and the impact of Gen AI, among others.

Where:  DLA Piper, 160 Aldersgate St, Barbican, London, EC1A 4HT

REGISTER

Rickard David
David Rickard
Partner, Everest Group

CIOs Rise to the ESG Reporting Challenge | In the News

Environmental, social, and governance (ESG) reporting is proving to be a complex endeavor founded in data. And that’s putting CIOs at the center of these increasingly important initiatives.

CIOs — who sign nearly half of all net-zero services deals with top providers, according to Everest Group analyst Meenakshi Narayanan — are uniquely positioned to spearhead data-enabled transformation for ESG reporting given their data-driven track records.

Read more in CIO.

“IT in a Box” Edge Model: The Next Frontier of Edge Computing | Blog

Edge computing has great potential beyond local data centers. By integrating the Internet of Things (IoT), Artificial Intelligence/Machine Learning (AI/ML), and neuromorphic chips with edge computing, a revolutionary shift toward a comprehensive distributed cloud model, “IT in a Box,” could be on the horizon. Learn about the 3E design principles of this advanced edge model and its many benefits in this blog, and feel free to reach out to us to explore this topic further.

Edge locations are often associated with local data centers and primarily involve deploying idle servers closer to end users, facilitating data localization, and minimizing latency. However, a critical question arises: Does the existing edge solution offer differentiation from a conventional data center? The answer, unfortunately, is a resounding no.

Conventional edge model = data center

Today, edge locations are commonly perceived as sheer extensions of availability zones, employed to reduce latency through data localization. Despite major players’ efforts to integrate edge with advanced technologies, questions persist about the processing capabilities and scalability of these edge locations and more.

  • Hyperscalers integrate IoT, AI/ML, and next-generation security and network capabilities with edge, yet questions linger about the potential of these edge locations
  • Telecom providers leverage 5G to enhance edge networks and deploy radios and computing capabilities but again face deployment and scalability challenges
  • Technology vendors also struggle with enhancing processing, managing complex edge devices, storing data at edge locations, and developing industry-specific use cases. Still, the question remains, is that all an edge location could do?

Deficiencies in the conventional edge model

While efforts have consistently been made to enhance the intelligent edge, the current edge model falls short in establishing distinct features that could elevate it beyond its current limitations. The prevailing challenges associated with the edge include:

  1. The proliferation of edge locations around the globe has inadvertently led to increased real estate demands, hardware costs, energy consumption, and carbon emissions
  2. Due to limited edge storage and processing capabilities, there is a constant need to shuttle data back and forth between the edge and centralized cloud data centers. This poses a significant hurdle in use cases requiring real-time decision-making
  3. The distributed nature of the edge environment also adds complexity to management and orchestration

Reimagining the edge model beyond a local data center

Edge computing’s promise extends far beyond a “mere data center in your neighborhood.” The current issues require an AI and IoT integrated edge with substantial data processing, large storage capacity, efficient network connectivity, and tight security. This type of solution should replicate at scale and thwart modern cybersecurity threats, all while delivering superior speed information to the end user.

Enter the game-changer in next-generation computation: neuromorphic chips. These chips process information in a human brain-like manner, offering a revolutionary leap in edge computing capabilities. Imagine compressing edge real estate without compromising processing power – that’s where the neuromorphic chip can be the key element for the intelligent edge.

In the not-so-distant future, the fusion of IoT, AI/ML, and neuromorphic chips with edge could signal a paradigm shift, consequently forming a comprehensive distributed cloud model or “IT in a Box.”

The 3E Design Principle of “IT in a Box”

The 3E design principle underpinning “IT in a Box” is based on three core principles that form the foundation for its design and implementation: balancing efficiency, economy, and empowerment. This creates a powerful and adaptive edge computing model that effortlessly weaves together the threads of sustainability, scalability, accuracy, and security.

Let’s look at each of these principles in more detail.

  • Efficiency – This principle of “IT in a Box” takes center stage, redefining processing, storage, and information delivery at the edge. Imagine a symphony of sensors, intricately integrated in the edge environment, tirelessly collecting and sending data. These sensors gather information that is sophisticatedly analyzed right at the edge location. The result? Swift, precise, and accurate insights without the need for a laborious journey to centralized cloud hubs
  • Economy – This principle emphasizes the importance of cost-effectiveness and sustainability working together. At the heart of this lies the strategic integration of advanced technologies with neuromorphic chips and efficient platforms. “IT in a Box” aims to create a world where the edge requires less physical footprint, reducing real estate requirements. This cost-efficient proposition also aligns with the broader goal of sustainable expansion. It’s about making high-performance computing accessible not just to giants, but to a broader spectrum of industries and applications
  • Empowerment – This principle promises intelligent autonomy and tailor-made solutions. It is not only about processing, storing, and delivering data but also about empowering edge locations with accelerated decision-making abilities that reflect the unique needs of diverse businesses. Hence, this principle uncovers a vast landscape of industry-specific and micro-vertical use cases from healthcare and manufacturing to retail and finance. Picture a smart factory where edge devices autonomously optimize production processes based on real-time data analysis, or consider a healthcare system where patient monitoring happens seamlessly at the edge. “IT in a Box” becomes a strategic partner, enabling businesses to swiftly respond to changing scenarios

Benefits of the “IT in a Box” Edge Model

The benefits of “IT in a Box” are wide-ranging, contributing significantly to the operational efficiency, strategic value, and overall success of enterprises. Among the advantages are:

  • It not only ushers in a new era of accessibility but also facilitates the rapid and cost-effective deployment of smaller edge locations, transcending the boundaries of metropolises and extending to tier X cities
  • The power of “IT in a Box” lies in its ability to process and store vast volumes of data at the edge. This equates to unprecedented speeds in delivering crucial information and, more importantly, provides a welcome relief for central cloud data centers burdened by heavy loads
  • The deployment of highly autonomous edge devices is a reality for “IT in a Box.” Devices are equipped with the capability for large-scale analysis, intelligent decision-making, and real-time reporting – all taking place immediately at the edge
  • With “IT in a Box,” most of the data no longer needs to travel to centralized infrastructure, boosting privacy and security as it stays close to the source
  • “IT in a Box” isn’t just about efficacy but also sustainability. It paves the way for a greener tech future with mindful energy use and low carbon emissions

The future of “IT in a Box” revolutionizing industries

In the not-so-distant future, “IT in a Box” holds immense potential for micro-vertical applications that can revolutionize various industries, such as:

  • Autonomous vehicles – Imagine a driverless car enabled by the above elements. It would process data in proximity, resulting in improved sensor fusion, adaptability, and learning, making driverless cars more efficient, safe, and responsive
  • Virtual healthcare – These benefits facilitate effective remote monitoring of vital signs and health parameters with immediate analysis of data, resulting in quick health anomaly diagnosis
  • Smart cities – Video feeds from surveillance cameras can be processed locally, identifying potential security threats in real time and promptly alerting concerned local authorities

These micro-vertical use cases cut across the 3E design principles of “IT in a Box.” As the convergence of various technologies matures, the potential for innovation and micro-vertical use cases across industries becomes vast. Indeed, the future holds the potential for sensors with embedded neuromorphic chips that can process and analyze information on-the-spot, rather than near the source.

Please feel free to reach out to [email protected] or [email protected] to share any questions and your thoughts about the potential of this evolution in edge computing.

Building a Sustainable Future: Reflections on COP28 and Insights for 2024 | LinkedIn Live

LINKEDIN LIVE

Building a Sustainable Future: Reflections on COP28 and Insights for 2024

View the event on LinkedIn, which was delivered live on Thursday, December 14, 2023.

Watch this LinkedIn Live event to hear from Everest Group analysts Rita N. Soni and Nitish Mittal, and Sustainability and Climate Change Expert Babiche Veenendaal-Westerbrink. 🎙️

The speakers reflected on the progress made in 2023 to build a more sustainable future, the key takeaways from the COP28 conference – the 28th annual meeting of the international community to discuss and implement ways to combat climate change – and the outlook for 2024.

During the event, we explored:

✅ Key takeaways from COP28
✅ The 2024 sustainability outlook with a focus on technology, data, and operations implications
✅ How Everest Group is helping businesses plan and adopt strategies for a more viable future 🌱

Watch this session to gain profound insights into the challenges and opportunities ahead! 🔍

Meet the Presenters

Mittal Nitish
Partner
Everest Group
Soni Rita B
Principal Analyst
Everest Group
Babiche Veenendaal Westerbrink 003
Sustainability and Climate Change Expert

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