DXC Technology Predicts Five Ways Software Will Accelerate Sustainability in the Next Five Years
(Adnkronos) – Software-driven innovation will be an enabler for the radical transformation needed to create a climate-secure future LONDON, May 31, 2023 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services company, has forecast five ways software will help create a more sustainable future in the next five years. "Technology has an outsized role in almost every aspect of sustainability – from increasing productivity, efficiency, and cost savings, to monitoring and modelling progress," said Henrik Hvid Jensen, Chief Technology Strategist, DXC.
McKinsey estimates that by 2026, global renewable-electricity capacity will rise more than 80 percent from 2020 levels. For example, Europe will add approximately 36 million renewable-class assets, such as solar panels, electric vehicles (EVs), and energy storage, to the grid in 2025, and 89 million by 2030. Automation and data analytics can help manage decentralized energy sources, direct excess electricity and flag potential grid weak points before they become significant issues, and help utilities redirect power to where it's needed in real time. 4. There will be a major shift to software-defined EVs in the next decade The automotive industry accounts for nearly a quarter of global greenhouse emissions and is a major cause of city air pollution. To address this, regulators in the U.S., Europe and elsewhere are reviewing policy and implementing laws to limit the sale of new gas and diesel cars. As a result, eighteen of the world's largest automakers have switched or pledged to switch, either completely or significantly, to EV manufacturing in the coming years. EVs will be software-defined vehicles (SDVs) with automated capabilities to manage the car more efficiently with particular attention to environmental sensitivities. SDVs feature smart routing and energy optimization that can mitigate issues related to charging capacity and range. 5. Finance systems will be re-engineered to consume less energy Transitioning to more environmentally sustainable operations is a top priority for banks and financial services organizations. More sustainable software, more efficient algorithms and better data processing are key to these efforts. The global green finance market has thus grown from $5.2 billion in 2012 to more than $540 billion in 2021. In addition to growing environmentally conscious portfolios, the financial services sector is significantly reducing its energy consumption by enabling efficiencies in data centers. Upgrades include data deduplications and compression which can improve data storage layout and storage efficiency while slashing energy usage. Beyond the traditional financial sector, new approaches are helping to increase the sustainability of the cryptocurrency-mining process. "We can all look forward to the day when sustainability is the new standard and software will be at the heart of helping us create a climate-secure and competitive future," added Henrik Hvid Jensen, Chief Technology Strategist, DXC. For more information, read the article: Five Ways Software Will Boost Sustainability in the Next Five Years.
DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world's largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com. Photo – https://mma.prnewswire.com/media/2088579/DXC_Technology_Company_DXC_Technology_Predicts_Five_Ways_Softwar.jpg
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