For the company, every data point informs the choices made by patients, providers, insurers, and life sciences organizations. From this data, healthcare professionals can implement best practices to provide the best care possible.Ĭonsider our work with Ciox, the US healthcare market leader for clinical information exchange. Using data and insights from medical imaging and diagnostics, healthcare facilities and researchers can track trends in diseases and treatments. Healthcare organizations are leveraging data and AI to protect patients and meet this objective. ![]() "Good health and wellbeing" is one of the UN's 17 Sustainable Development Goals. For example, according to a 2019 Porter Novelli/Cone Communications study, 90% of Gen Z-ers believe companies should take action on social and environmental issues, and 83% see a company’s purpose as a core consideration in deciding where to work.Ī healthy dose of sustainability data insights ![]() As other generations like Gen Z-ers enter the labor force, organizations must evolve and adapt. Millennials are the largest generation in the US workforce, and they are a very socially conscious group. Building a strong workforce: Sustainability initiatives are also crucial in recruiting and retaining diverse talent.Among those who feel strongly about the topic, almost two-thirds would pay, on average, 35% more for sustainable or eco-friendly brands. Many of those surveyed are even willing to change their shopping habits to lower their environmental impact. A recent study by IBM and the National Retail Federation found that nearly 8 in 10 consumers rank sustainability as important for them. Increasing customer loyalty: With every generation, consumers become more conscious about how their purchases impact the world around them.Beyond the bottom line, mounting evidence shows that sustainable business practices can have numerous positive outcomes, such as improving risk management, driving competitive advantage, and fostering innovation. According to Morningstar, global demand for ESG investments hit a record in 2020, standing at nearly $1.7 trillion. Attracting investors: Research by Bank of America's Merrill Lynch shows that firms with ESG practices tend to produce higher three-year returns, have lower price declines on their shares, and are less likely to declare bankruptcy.As a result, they can also capitalize on opportunities for business growth, such as: At the 2021 G7 Summit, all attending countries committed to a 2050 deadline to achieve net-zero emissionsīy prioritizing data for sustainable development, enterprises can stay ahead of new and changing regulatory standards.The United Nations has laid out 17 Sustainable Development Goals covering everything from clean energy and responsible consumption to production and healthcare access. ![]() For example, consider the following projects currently underway: Governments worldwide have doubled down on commitments to tackle environmental challenges – putting budgetary and operational pressure on businesses to respond to climate change, which directly affects societies and global economies. Whether it's lowering greenhouse-gas emissions, optimizing supply chains, or reducing waste, insights from sustainability data can power positive change while increasing profitability. For leaders who are ready to act, a data-driven framework that enables environmental and social sustainability is vital.ĭata-driven sustainability means collecting and using data to make decisions that guide measurable and responsible business practices. Research shows that environmental, social, and governance (ESG) initiatives can drive significant competitive advantage, innovation, and financial performance. With this new mandate, leaders have turned to data-driven solutions to build resilient, purpose-led organizations with a mission to create organizations that prioritize communities, employees, and the environment alongside clients.Īnd those choices are paying off. Embracing sustainable business practices is no longer optional.Īfter a long period of disruption and uncertainty, customers, employees, and investors increasingly expect organizations to focus on long-term value creation for all.
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