Companies with consistently excellent environmental, social, and governance (ESG) performance between 2013 and 2019 experienced 4.7 times larger operating margins and less volatility than low ESG performers during the same period, according to a report by the United Nations Global Compact and Accenture. 

A new poll from Google Cloud examining the potential and difficulties faced by company executives in regards to sustainability has been released. According to the survey, 63% of executives think their company views sustainability as a growth area, and 74% think it can lead to significant business transformations. However, the gap between how correctly businesses can monitor sustainability and how well they believe they are doing it is causing significant concern. 

An Analysis of Major Industries & How Technology Can Assist Them in Achieving Sustainability. 

An overview of three important industries is given below, along with an analysis of some of their environmental implications and how technology is assisting them in moving in a more sustainable direction.

• Construction and Engineering 

Buildings and infrastructure form the foundation of our civilization, allowing people to gather in places like schools, receive medical attention in hospitals, or buy goods at a local market. The environmental impact of building and infrastructure projects can be significantly reduced, thanks to current technologies. Early design processes, continued adoption of building information modeling (BIM), and the growth of technologies like mixed and augmented reality that allows project owners to visualize their projects before they are actually built, can all help lower the amount of rework, material use, fuel and other resource use, and overall energy consumption. 
 

• Agriculture 
   

Agriculture is the world’s largest industry. As a result, it ranks highly among the sources of pollution in many nations. Technology can also be helpful here. Today’s farms can function with less water and chemical input, thanks to precision application equipment, and cutting-edge technologies like robots, drones, and different kinds of sensors helping the agricultural industry become more ecologically friendly. The use of technology in agriculture has several positive effects on the environment, such as lessening the influence on natural ecosystems, reducing chemical runoff into rivers and groundwater, and ensuring safer food production. 

• Transportation 

As demand for travel rises, which is impacted by a confluence of variables including population and economic expansion, urban sprawl, and cheap fuel prices, it is anticipated that the environmental effects of transportation will worsen. The transportation industry does have a significant environmental impact, but there is also room for improvement. A more advanced infrastructure for electric vehicles, tools for better fleet maintenance, higher fuel efficiency, and routing, as well as the widespread usage of autonomous vehicles, are just a few of the many ways that technology can help in this situation. 

Heard of “Technology Ecoadvantage”? 

Technology may serve as a significant accelerator for businesses willing to think widely about how to enhance their sustainability activities. This approach of thinking, which we refer to as “technology ecoadvantage,” involves utilizing cutting-edge tools and methods of operation to facilitate economically advantageous solutions that simultaneously advance social, environmental, and political objectives. The capacity of businesses to create adoption roadmaps for new technologies that hasten the transition to sustainability is one of the major advantages of the technology ecoadvantage mindset. Rethinking conventional technology approaches is essential for implementation, notably in the areas of digitized operations, digital product and service design, cloud computing, IoT, and blockchain, application of AI and advanced analytics, data sharing, and ecosystem creation and management.  

Companies around the world are bringing forward a wide range of innovative solutions to ensure that our planet can thrive for future generations. Unlocking the solution to industrialization’s environmental impact will be difficult and time-consuming. But it is possible, and technology is unquestionably a part of the solution. 

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Quantum computing has a variety of applications in revolutionizing the automobile industry such as improving battery performance, avoiding traffic congestions, preventing car accidents and mishaps by machine learning and analysis etc. that can greatly benefit the sector when they come to fruition. Machines in quantum computing work with physical properties of matter, such as superposition or entanglement, which means that calculations can be performed on multiple states of matter at the same time, drastically reducing computation time.

Advantage of Quantum Computing The brainchild of Nobel laureate Dr Richard Feynman, quantum computing has progressed to enormous levels of growth, finding a variety of applications in different fields and sectors. Quantum computing involves simulation of the physical nature of objects at subatomic sizes while allowing them to exist in more than one state. This allows rapid simulation and processing of data than conventional systems, making quantum computers much more powerful, efficient, and faster. It has been applied in fields like Cryptography, Medicine, and material sciences to accommodate multiple variables or molecules in simulations to reach the desired end product or solution. Various automobile companies like BMW (CNET) and Hyundai (Eetasia) have started working with quantum computing systems to solve various issues like cost optimization, development of new batteries, optimization of components to improve cost-effectiveness etc.

Quantum Computing in Battery Technology

Quantum computing has been applied to develop effective solutions in improving the battery technology in cars and automobile systems as it can simulate multiple molecules of compounds simultaneously in different states, conditions, and environments to help identify the ideal combination of variables. Hyundai Motor Co. has partnered up with quantum computing experts to develop a robust battery that can function with improved capabilities and durability when used in electric vehicles. They aim at reducing the cost of battery development and production to reduce the overall cost of the vehicles, improve affordability and progress towards sustainability. A quantum computer of sufficient complexity—for example, enough quantum bits or “qubits”—could theoretically achieve a quantum advantage, allowing it to solve problems that no classical computer could ever solve. In theory, a quantum computer with 300 qubits fully dedicated to computation could perform more calculations in an instant than the visible universe’s atoms Quantum computing has also been applied in the development of novel technologies that can improvise the functioning of EV batteries by incorporating advanced technologies to cool them. It is applied by compartmentalizing big issues into individual parameters that are simulated using quantum computing to be later integrated into the conventional systems as a hybrid model or to fashion a completely new model by combining the solutions offered by quantum computing(EENewsEurope).

Quantum Computing in Autonomous Driving Quantum computing can facilitate the design and development of powerful operating systems to produce self-driving cars, simplifying transportation and reducing the chances of human errors in road traffic accidents. Artificial intelligence and machine learning require the real-time analysis of vast amounts of data to produce optimal responses to changing environmental conditions and quantum computing with its excellent computational features

can lend a hand in facilitating the requirements. Volkswagen(Prescouter) has experimented in the design and development of computational systems to optimize traffic control and regulation in the city of Beijing and has found great success in this venture. It also has applications in improving vehicle to vehicle and vehicle to cloud communications in next-generation cars that are expected to have the ability to communicate with cloud computing systems to regulate driving data. This will help in traffic and fuel optimization in cloud-connected cars while providing a safe environment for decentralized communication between them.

Conclusion

Quantum computing has unlimited potential and practical applications across different fields and sectors and can make a path for enormous progress in the automobile sector. Companies and enterprises in the automobile sectors would greatly benefit by working with quantum computing as it is a leap towards greater sales and a greener environment. Recently, quantum computing has gained a lot of traction in both general society and the private sector. Companies have been pouring huge sums of money into quantum computing research, with the last few years being the busiest for this innovation.

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