The role of digital tools in enhancing environmental monitoring and business efficiency
1 Sil Chemicals Limited, Unilever Nigeria Plc Complex, Ogun State, Nigeria.
2 Relsify LTD, Lagos, Nigeria.
3 Cypress & Myrtles Real Estate Limited, Abuja, Nigeria.
Review
International Journal of Multidisciplinary Research Updates, 2024, 08(02), 039–048.
Article DOI: 10.53430/ijmru.2024.8.2.0052
Publication history:
Received on 05 September 2024; revised on 12 October 2024; accepted on 14 October 2024
Abstract:
This study aimed to examine the role of digital tools in enhancing environmental monitoring and business efficiency, focusing on how businesses leverage technologies such as AI, IoT, blockchain, and machine learning to meet sustainability goals and optimize operations. The study employed a comprehensive review of existing literature to explore the intersection of environmental monitoring and business processes, highlighting the benefits, challenges, and potential synergies between these domains. Key findings indicate that digital tools are pivotal in enabling businesses to collect real-time environmental data, track resource usage, and comply with regulatory standards. Technologies such as IoT facilitate monitoring emissions, energy consumption, and waste, while AI-driven analytics help forecast environmental risks and adjust operations accordingly. Blockchain ensures transparency and accountability, particularly in supply chains, making it easier for businesses to trace materials and verify compliance with environmental standards. However, the integration of these technologies is not without challenges. The study identifies cybersecurity risks as a critical concern, particularly as businesses become more reliant on digital infrastructures. Regulatory hurdles and the financial costs associated with implementing cutting-edge technologies also pose significant barriers. Nonetheless, the study provides recommendations for businesses to address these challenges, including investing in robust cybersecurity frameworks, fostering innovation cultures, and exploring sustainable financing options. In conclusion, digital tools offer transformative potential for both environmental sustainability and business efficiency. By adopting these technologies, businesses can optimize resource use, meet sustainability goals, and achieve greater operational efficiency, positioning themselves competitively in a rapidly evolving global market.
Keywords:
Digital tools; Environmental monitoring; Business efficiency; IoT; AI; Blockchain
Full text article in PDF:
Copyright information:
Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0