IBM has bought Envizi, an Australian company dedicated to environmental analytics. Envizi, as it is called, is dedicated to automating the collection of emissions data, and also uses Artificial Intelligence to help companies that request its services to make their operations more sustainable and socially conscious. It is unknown how much IBM has paid for her in this operation, which closed on January 11.
Envizi, which is based in Australia, allows companies that have set goals in the social, environmental and governance (ESG) fields to monitor their progress in sustainability. Its technology will be integrated with IBM’s physical asset management and supply chain software. Currently, Envizi has a portfolio of close to 200 clients, including Microsoft, Uber and IBM itself.
Its software automates the collection and consolidation of more than 500 types of data, as well as being compatible with the main sustainability reporting frameworks. It has control panels designed to be personalized and easily managed, and with them, companies can analyze, manage and report on their environmental objectives, identify opportunities in terms of efficiency and receive advice on sustainability risks. Its solutions help simplify the management of these tasks as part of ESG-type reporting initiatives, while providing users with sustainability data useful for their business strategy.
Kareem Yusuf, Head of Applications at IBM AI, has indicated that the need for a verified framework for tracking emissions will increase in the future, recalling that «everyone will need to have these platforms»To respond to regulatory pressure, or simply pressure to keep up with your competition.
Yusuf also highlighted that «To drive real progress toward sustainability, companies need the ability to transform data into predictive information that helps them make smarter, more actionable decisions every day. Envizi solutions provide companies with a single source of truth to analyze and understand emissions data across the spectrum of their business operations, and dramatically accelerate IBM’s growing arsenal of AI technologies to help companies create more sustainable operations and supply chains«.
For its part, David Solsky, CEO and one of the founders of Envizi, highlights that «IBM has decades of experience helping organizations around the world take advantage of and act on their data. IBM’s global reach, depth of resources, and breadth of expertise will help us scale at an unprecedented rate. As part of IBM, we are more confident than ever that we can achieve our goal of providing clients and partners with the level tools they need to reduce their operational impacts and optimize them for a low-carbon future.«.