• About
  • Subscribe
  • Contact
Wednesday, April 30, 2025
    Login
FutureCFO
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
No Result
View All Result
FutureCFO
No Result
View All Result
Home Technology

Businesses deploy automation technologies to drive sustainability initiatives

FutureCFO Editors by FutureCFO Editors
March 9, 2023
sustainability

Image by Alexas_Fotos on Pixabay

Businesses deploy automation technologies to help drive their sustainability initiatives, said UiPath recently when releasing results of a survey. 

The IDC-led survey of 800 global executives commissioned by UiPath found that 54% of organisations are already using enterprise automation technologies to help implement sustainability initiatives and another 24% plan to do so in the coming two years. 

The study also shows that organisations which have established intelligent automation practices are also more mature in terms of their sustainability efforts, UiPath added.

Sustainability—viewed by IDC through a triple-bottom-line lens of maximising benefits to, and minimising negative impacts on, the economy, society, and the environment—is a leading priority for organisations. Yet significant cost and complexity challenges make progress difficult.

Sustainability is a major strategic priority for businesses, and organisations the world over are moving quickly to define sustainability goals and incentives, said Neil Ward-Dutton, Vice President of Automation, Analytics, and AI at IDC Europe.

“However, when it comes to operationalising sustainability initiatives, there are significant business and technology challenges that make progress difficult,” he noted.

With automation's ability to increase an organisation's agility, efficiency and speed to value, enterprise automation platforms and practices can help address many of these challenges, and have strong roles to play in unlocking the potential of sustainability initiatives, Ward-Dutton said.

Survey highlights

  • Global executives noted that the top drivers for their sustainability initiatives were operational efficiencies and cost savings (40%), and enhanced brand value and trust (33%). 
  • Additionally, 68% said that they have a board member specifically responsible for sustainability.
  • 28% indicated responsible sourcing as their main concern, and 27% reported that both overall energy efficiency and employee well-being, health, and safety were top of mind.
  • 35% of respondents indicated that dispersed/siloed resources were the main organisational challenges they faced when attempting to become more sustainable, followed by difficulty identifying appropriate KPIs (33%) and a lack of operational technology (32%).
  • Organisations are using automation to extract data more easily from human-readable documents and to source data quickly. 
  • Another top automation use case for sustainability is process improvement (45%).
  • When weighing the benefits automation technologies could bring to their organisations in the future, more than half of all executives indicated the value of enabling workers to do more meaningful work and increasing employee satisfaction as the top potential advantage. 
  • Other potential benefits included more easily sourcing data (55%); the ability to develop new value propositions, products, and services (53%); and easier understanding of operational performance and improvement areas (52%).
Related:  SWIFT pilots new service for low value cross-border payments
Tags: automationIDCsustainabilityUiPath
FutureCFO Editors

FutureCFO Editors

No Result
View All Result

Recent Posts

  • Modernising Days Sales Outstanding (DSO) for 2025
  • A Day in the Life: Shelly Maneth from Red Hat Asia Pacific
  • Singapore Inc: Expanding horizons in ASEAN and beyond
  • Technology essentials for the modern CFO
  • Transforming budgeting through automation

Categories

  • Artificial Intelligence
  • Audit and Compliance
  • Automation
  • Big Data
  • Blockchain
  • Business Applications
  • Business Insights
  • Case Studies
  • Cloud, Platforms and Ecosystems
  • Competencies and Capabilities
  • Digital Transformation
  • eBooks and eBriefs
  • ESG and sustainability
  • Finance Accounting and Reporting
  • Future Technology
  • General
  • Infographics
  • Leadership and Roles
  • Mergers and Acquisitions
  • Operational Accounting and Control
  • Operations
  • Polls and Surveys
  • Resources
  • Risk and Regulation
  • Strategies and Tactics
  • Tax Management and Optimization
  • Technology
  • Treasury and Cash Management
  • Videos/Tutorials
  • Webcasts/Podcasts
  • White Papers

Strategic Insights for Finance Executives

FutureCFO.net is about empowering the CFO and the Finance Team to take on the leadership position in the digitalization of the enterprise. It's more than just a portal for the exchange of industry best practices, it is about creating and growing a community of finance professionals able to share learned experiences, providing a platform for the current and next generation of finance leaders and professionals.

Quick Links

  • Videos
  • Resources
  • Subscribe
  • Contact

Cxociety Media Brands

  • FutureIoT
  • FutureCFO
  • FutureCIO
  • Privacy Policy
  • Terms of Use
  • Cookie Policy

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Login to your account below

or

Not a member yet? Register here

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Business Insights
    • Competencies and Capabilities
    • Digital Transformation
    • Leadership and Roles
    • Mergers and Acquisitions
    • Risk and Regulation
    • Strategies and Tactics
  • Operations
    • Audit and Compliance
    • Finance Accounting and Reporting
    • Operational Accounting and Control
    • Tax Management and Optimization
    • Treasury and Cash Management
  • Technology
    • Artificial Intelligence
    • Automation
    • Big Data
    • Blockchain
    • Business Applications
    • Cloud, Platforms and Ecosystems
    • Future Technology
  • Resources
    • Whitepapers
    • PodChats
    • Videos
  • Events
  • Awards
  • Knowledge Hub
    • Sustainable Finance
Login

Copyright © 2022 Cxociety Pte Ltd | Designed by Pixl

Subscribe