Capgemini: Eco-Digital Economy To Double By 2028
Nearly eight in ten organizations say they are experiencing a dual transition towards a more digital and sustainable world, yet they have only harnessed around 25% of the overarching potential of mainstream tech
The untapped potential of digital technologies is vast, and the eco-digital economy, driven by digital and sustainability, is expected to double by 2028. That’s according to the Capgemini Research Institute’s latest report, ‘The Eco-Digital Era™: The dual transition to a sustainable and digital economy’ developed in collaboration with the Digital Value Lab at the Digital Data and Design Institute at Harvard. Implementing digital technologieshas enabled organizations to reduce their energy consumption by almost a quarter and delivered a 21% reduction in greenhouse gas (GHG) emissions in the past five years, cites the report. In this new era of a dual transition to an eco-digital economy that delivers not only economic value, but also environmental and social value, the scaling up of digital adoption will propel economic growth with sustainability at its core.
More collaborative and platform-driven than ever before, this eco-digital era™ is giving rise to new business models and revenue streams, as well as enhanced cost efficiencies, all driven by data utilization, cloud technology, collaborative ecosystems, and connected products and services. According to the report, seven in 10 organizations agree that digitally driven business models will become a key contributor of revenue growth in the next three to five years. Furthermore, 60% expect digitally driven business models to generate more revenue than their traditional business models.
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