Capgemini – The Eco-Digital Era, 2024

In the eco-digital era, there is a shift towards a more digital and sustainable world, according to a survey conducted by Capgemini. The eco-digital economy is expected to double in size over the next five years, reaching around $33 trillion by 2028. This growth is driven by digital technologies playing a role in reducing emissions. However, there is untapped potential in digital technologies that has yet to be explored. Organizations are expressing confidence in technology's potential to expedite sustainability goals and are increasing their investment in digital solutions for sustainability impact. The scalable adoption of data analytics and cloud solutions will unlock new revenue streams and enhance cost efficiencies for sustainability initiatives. Digital platforms and collaborative ecosystems are set to gain prominence in the eco-digital era. Many organizations are currently developing strategies to harness the potential of emerging technologies, indicating a forward-looking approach. Harnessing digital technologies offers significant business benefits, including greater efficiency, substantial cost savings, and the evolution of sustainable business models. Digital integration has already helped organizations achieve a 24% reduction in energy consumption and a 21% decrease in greenhouse gas emissions. To harness the opportunities of the eco-digital era, organizations should identify efficiencies to drive cost savings, strive for a balance between short and medium-term successes, reinvest savings into digital transformation, embed sustainability into product and service lifecycles, and tap into industry and supplier ecosystems for improvement. Overall, embracing the eco-digital era presents economic, environmental, and social benefits for organizations.