Companies Focus on Disruptive Innovation to Drive Sustainability
(3BL Media/Justmeans) – Traditional cleantech industries have effectively led the fight against climate change, but the next wave of sustainable innovations is arising from outside of these industries. Disruptive technologies and business models for a more sustainable future include the Internet of Things, artificial intelligence, and the sharing economy.
This rapidly developing trend is highlighted in “The Road to Sustainability,” a white paper released by Tsing Capital, China’s first sustaintech fund management company. The paper emphasizes that the future of sustainability depends on disruptive innovations that support cleaner and better ways of producing and living.
The paper cites examples of companies such as Lucid Motors, an electric vehicle company which integrates cleantech and smartech. It also references SENSORO, a leading Chinese IoT solution provider, Vion Tech, a smart camera and visual recognition technology developer, as well as Wibotic, a wireless charging solutions provider, as examples of disruptive technologies that represent vital steps towards a greener future.
Tsing Capital believes the sustainability industry is at an inflexion point and its best years are ahead. With this in mind, the company has tailored its global investment strategy to focus on a wide range of disruptive technologies.
According to the authors of the white paper, two technology mega-trends – Internet of Things (IoT) and Artificial Intelligence (AI) – are re-shaping sustainability around the world. IoT can enhance sustainability by connecting networks of “things” across a wide range of applications in order to improve the efficiency and resource productivity in a variety of processes. According to Gartner, 20.8 billion “connected things” will be in use worldwide by 2020.
AI refers to a broad range of applications, including computers capable of understanding human languages, virtual personal assistants, and robots which can “see”, “hear”, and react to other sensory stimuli. Adoption and use of AI over the next decade ranges from $1.49 trillion to $2.95 trillion. These disruptive technology sectors are playing a key role in sustainable development such as sensors, machine learning, AR/VR, Blockchain, 3D printing, and advanced materials.
Don Ye, Tsing Capital’s founder and managing partner, said that while solutions from the cleantech industries have brought the world this far, it is integrated solutions with both cleantech and smartech that will accelerate the march towards sustainability. Emerging companies enabled by intelligent technologies like IoT, AI, robotics, AR/VR are unlocking enormous sustainability potential and creating a better future for humanity.
Source: Tsing Capital