OpenText reveals companies are embracing
sustainability in IT, but are in the early stages
WATERLOO, ON, Feb. 20,
2024 /PRNewswire/ -- A report commissioned by
OpenText™ (NASDAQ: OTEX), (TSX: OTEX), the information
company, released today finds that IT departments are playing a
major role in achieving corporate sustainability objectives and
cited the lack of innovative tools and expertise as primary
challenges they face in meeting those goals.
New IT Sustainability Report found 97% of
companies have adopted or plan to adopt sustainability
initiatives.
The 2023 State of IT Sustainability Report, conducted by
Dimensional Research, found that 97 percent of companies have
adopted or plan to adopt sustainability initiatives, but it is
still early for adoption as only 42 percent of organizations are
just beginning the journey towards environmental
responsibility.
"The sustainability movement is in the early days, with IT
taking the lead in most cases. However, this report's findings also
show that companies are serious about making it a high operational
priority," said Muhi Majzoub, Chief Product Officer, OpenText.
"Sustainability is proving to be more than a popular social cause.
There are solid business reasons pushing it: efficiency, cost
savings, regulatory compliance. Because it is a 'win-win' scenario
for all, sustainability is now a part of the decision-making
process at most companies."
Implementing IT sustainability initiatives can bring several
obvious benefits to enterprise organizations whether it is in cost
savings, resource efficiency, risk mitigation or regulatory
compliance. However, there are other less obvious benefits such as
innovation in product design, process efficiency or technology
adoption that ultimately could lead to new revenue streams or
market opportunities, all brought through the pursuit of
sustainability.
Yet, for all the incredible business benefits of IT
sustainability, it is not without its challenges. The report
highlighted challenges and weak areas for sustainability. The
biggest among them was obtaining the proper tools to implement
these initiatives. Only 51 percent reported using software to help
track their IT carbon footprint, with Europe outpacing North America in the adoption of tracking
software. The lack of expertise was the second biggest challenge
according to 46 percent of respondents, underscoring the need for
education and skill development in sustainable IT practices.
Looking ahead
In 2024 and beyond, the integration of advanced tools like
artificial intelligence has the potential to revolutionize IT
sustainability initiatives, ushering in a new era of efficiency and
environmental responsibility. AI-powered algorithms will enable
real-time optimization of energy usage in data center and cloud
computing environments, drastically reducing carbon emissions and
energy cost. Predictive analytics will facilitate proactive
maintenance of IT infrastructure, minimizing downtime and
conserving resources. Additionally, AI-driven supply chain
optimization will streamline operations, reducing waste and
environmental impact throughout the product lifecycle. Overall,
these advancements in AI technology will play a pivotal role in
driving forward IT sustainability initiatives leading to a more
resilient and environmentally conscious digital ecosystem in the
future. For more information about how OpenText is reimagining work
with its family of generative AI capabilities OpenText Aviator,
visit opentext.ai.
The full report can be accessed here.
Additional Resources
- OpenText Webinar GreenOps Webinar.
- OpenText Sustainability Page.
- Learn more about OpenText's strategy and vision for AI and
the Aviator solutions here.
About OpenText
OpenText, The Information Company™, enables organizations to
gain insight through market leading information management
solutions, powered by OpenText Cloud Editions. For more information
about OpenText (NASDAQ: OTEX, TSX: OTEX) visit opentext.com.
Connect with us:
OpenText CEO Mark Barrenechea's
blog
Twitter | LinkedIn
Certain statements in this press release may contain words
considered forward-looking statements or information under
applicable securities laws. These statements are based on
OpenText's current expectations, estimates, forecasts and
projections about the operating environment, economies, and markets
in which the company operates. These statements are subject to
important assumptions, risks and uncertainties that are difficult
to predict, and the actual outcome may be materially different.
OpenText's assumptions, although considered reasonable by the
company at the date of this press release, may prove to be
inaccurate and consequently its actual results could differ
materially from the expectations set out herein. For additional
information with respect to risks and other factors which could
occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q and other securities filings with the SEC and other
securities regulators. Unless otherwise required by applicable
securities laws, OpenText denies any intention or obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
Copyright © 2024 OpenText. All Rights Reserved. Trademarks owned
by OpenText. One or more patents may cover this product(s). For
more information, please
visit https://www.opentext.com/patents. Third-party products
mentioned are owned by the respective third-party and/or its
affiliates.
OTEX-G
View original content to download
multimedia:https://www.prnewswire.com/news-releases/global-report-finds-it-at-the-forefront-of-sustainability-efforts-but-lacks-proper-tools-and-expertise-302065710.html
SOURCE Open Text Corporation