The passage given below contains information. Some words and lines have been underlined as questions are based on those. Read the given passage carefully and answer the questions that follow:
The future of work should not be centred only on job security and economic growth of nations. The key dimensions of sustainable development, defined by the United Nations Goal 8 as promoting sustained, inclusive, and decent work for all, require to be addressed by all stakeholders – governments, corporates, and citizens. A long-term business model that aligns itself with the sustainability agenda and is also profitable is a challenge for some longstanding businesses, but they do recognise the urgency to rethink their business approaches. To some extent, there is resistance and lack of clarity too among corporates about sustainability.
As per a report of the World Economic Forum, 40% of the core skills of present workers are expected to change in the next five years. This would mean that everyone who is a part of the workforce and all those entering the workforce should possess an understanding of the ecology and environment. In the US, more than 45% of the top business schools have incorporated sustainability as a part of their curriculum. In India too, there is an urgent need to redesign academic programmes. The circular economy requires the minimal use of resources, ensuring they are not depleted. In building sustainable businesses and economies, digital technology would play a vital role. Technologies such as cloud computing, AI and automation have the potential to maximise sustainable development. The ability to collect, analyse and report data would be critical to studying and promoting sustainability in every part of the business. Hence, data and digital skills should be a part of the curriculum for every discipline.
Further, upskilling in digital technologies as per the latest trends would be extremely important to build sustainable livelihoods and sustainable ecosystems. More than ever before, there was a need for industry and academia to come together to work on this agenda. Businesses should provide insights from their failures and the challenges faced with their sustainability initiatives, so that academia can conduct research and find innovative approaches that would benefit organisations.
Q. What role can digital technology play in building sustainable businesses?
(i). Digital technology can help collect, analyse, and report data.
(ii). Some digital technologies have the potential to maximise sustainable development.
(iii). It will help organisations find innovative approaches that benefit the organisations