In the context of increasingly urgent climate change and the rapid development of the 4th Industrial Revolution, digital transformation and green transformation have become imperative for businesses. To enhance competitiveness and achieve sustainable development, businesses must simultaneously pursue digital and green transformations. This approach creates value for both businesses and society.
Technology is the Key
Experts have identified technology as one of the three biggest challenges facing Vietnam as it transitions to a low-carbon economy, alongside governance and finance. Throughout history, technology has played a central role in shaping the global economy and harnessing new energy sources. From the steam engine and coal, internal combustion engines and fossil fuels, to the 4th Industrial Revolution with the rise of digital technology, each era has marked a turning point in the way we produce and consume energy.
A distinguishing feature of the 4th Industrial Revolution is its strong shift towards a sustainable economy, addressing the challenges of climate change. Over the past two decades, the circular economy model has gained prominence, gradually replacing the linear economy that depletes resources. A low-carbon economy is a crucial factor in achieving the goal of carbon neutrality by 2050.
Digital and Green Transformation: A comprehensive solution for the Future
The European Union has pioneered the concept of "dual transition," emphasizing the close integration of digital and green transformations. These two processes not only complement each other but also form a harmonious whole, yielding superior results. When digitalization is combined with green solutions, businesses can not only improve productivity but also significantly reduce their negative environmental impact.
According to the World Economic Forum (WEF), digitalization has the potential to reduce global greenhouse gas emissions by 20%. By combining digital and green transformations, businesses can reap even greater benefits, including increased productivity, sustainability, and the ability to effectively manage emissions to contribute to a low-carbon economy.
Combining digitalization and green transformation offers numerous benefits to businesses, including:
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Enhanced competitiveness: Businesses can produce high-quality, environmentally friendly products and services that meet the growing demands of consumers.
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Cost reduction: Optimize production processes, reduce energy consumption, minimize waste, and extend product life cycles.
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Improved operational efficiency: Automate processes, reduce errors, and minimize downtime.
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Enhanced brand image: Become a responsible corporate citizen and attract investors and partners.
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Market expansion: Access new markets, especially those with high demands for green products.
Specific Solutions for Businesses to Achieve the Goal of Dual Transformation
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Optimize production processes: Standardize operations through Enterprise Resource Planning (ERP) systems to improve planning, transparency, and real-time monitoring of production parameters.
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Invest in technology: Develop and utilize technological solutions to reduce emissions throughout the value chain. Examples include IoT, AI, Blockchain, and technologies like EcoStruxure Machine Expert Twin, which can save 20% on quality inspection costs and reduce trial operation time by 60%.
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Improve energy efficiency: Businesses can install solar power systems to generate electricity and implement energy-saving measures such as replacing lighting with LEDs and insulating buildings.
Digital and green transformations are not just trends but are imperative for businesses that want to survive and thrive in the future. By adopting modern technologies and implementing green production practices, Vietnamese businesses can become pioneers in the 4th Industrial Revolution and contribute to building a green and sustainable economy.
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