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Indian Businesses Plan Increased IT Investment for Sustainability

  • 28 Nov 2024 06:29 AM
  • IBM, Sustainability, IT investment, Artificial Intelligence

The State of Sustainability Readiness Report 2024 by IBM reveals a strong trend among Indian business leaders to significantly increase investments in IT for sustainability over the next 12 months. With 98% of respondents planning to expand their IT budgets, Indian executives view sustainability as essential for driving environmental responsibility, long-term business resilience, and improving brand reputation. The report highlights AI's transformative potential in helping businesses achieve their sustainability goals, with 96% of Indian executives expressing optimism about AI’s positive impact.

The report also underscores water usage as a significant challenge for Indian companies, with business leaders increasingly adopting proactive approaches toward climate resilience. With 79% of Indian firms reporting mature systems to track sustainability data, it is evident that data-driven strategies are central to addressing sustainability goals. Additionally, actionable recommendations such as investing in AI tools and using data analytics to bridge perception gaps between decision-makers are highlighted to enhance sustainability efforts across organizations.

India’s leadership in AI-driven sustainability is evident, with executives viewing sustainability as a strategic lever to transform business practices and ensure long-term success.

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