An IoT-led roadmap for carbon neutrality and energy stewardship in Europe
Europe spends 15% of its GDP or $2.6 trillion on energy consumption and contributes 11% to the global green house gas (GHG) emissions. To curb this, Europe has set itself a target of becoming carbon neutral by 2050, and increase energy efficiency and the share of renewables.
To gain competitive edge, enterprises need to invest in technologies that help reduce energy wastage, improve operational efficiency and create a sustainable business. With the adoption of IoT and artificial intelligence, they can increase transparency, optimize resources, control emissions and enable predictive maintenance of assets.
Key levers to achieve financial and sustainability goals include:
- Connecting in context to enable real-time visibility into energy consumption and wastage
- Optimizing through opex-based levers for quick adoption and benefit realization
- Using predictive analytics and AL/ML techniques to improve efficiency and reduce carbon footprint
- Enabling self-learning systems for best practices, regulatory compliance, and smart procurement