Disruptive technologies and digital infrastructure have the potential to solve some of the world’s most pressing risks and to transform industries. These include safeguarding the planet’s soil and water, and improving inequality and education.
This is the main conclusions of the 2017 Global Opportunity Report, released by DNV GL, Sustainia and the United Nations Global Compact.
The Global Opportunity Report is an opportunity and solution based response to the World Economic Forum’s Global Risk Report. It enables leaders to navigate new markets, new business opportunities and solutions.
For the 2017 edition, 5 500 leaders from within business, government and civil society across five continents provide their insights. They identify and rank 15 sustainability opportunities and in addition showcase 120 practical projects and solutions that already exist around the globe.
These range from micro grids that make cities more resilient to climate change, to bacteria that bring depleted soil back to life, to peer-to-peer trading, and inviting ethical hackers to test cyber security.
The 2017 report’s top findings are:
- Smart water technology is perceived as the biggest market opportunity.
- Providing e-learning to conflict-affected areas is the second-biggest opportunity, giving business the potential to contribute to creating more peaceful societies.
- Rising trust in digital technologies such as blockchain technology and artificial intelligence can help combat many of the global risks such as cybercrime and rising inequality.
- Leaders agree that rising inequality is the biggest of the five risks in the report.
Smart water tech uncovers new market opportunities
Smart water technology took first place in this year’s rankings, being deemed the most impactful and applicable of all 15 opportunities. Technology that automatically saves and reuses water protects this scarce resource while creating sustainable options for citizens.
This finding reaffirms a tendency that is present in all Global Opportunity Reports to date — addressing issues found in the SDGs, such as providing and managing access to water, can create a myriad of market opportunities for business.
Lise Kingo, CEO and Executive Director of the UN Global Compact affirms:
“The Sustainable Development Goals not only provide a clear path to a sustainable world which leaves nobody behind, they also outline new markets and opportunities for responsible business. The Global Opportunity Report demonstrates how companies around the world are developing and deploying innovative technologies and business models to address the needs of our planet and society to achieve the SDGs.
” It is time for all companies to figure out how their own operations, products and services can play a role in creating the world we want.”
Dare to think big, digital and new combinations
The report’s unequivocal take-away message is that businesses are ready to welcome cutting-edge digital technology and seize opportunities that accelerate sustainable development.
For example, 38 per cent of the leaders asked in the survey stated that they are likely to grasp the opportunity of intelligent cyber security, which is driven by artificial intelligence.
 Simply put, blockchain is an open source digital ledger, acting like an accounting book and tracing all transactions. Everyone owns it but no one individual can make changes, which makes it tamper-proof.