Nokia Launches Innovative Tool to Enhance Sustainability for Enterprises
Nokia Launches Innovative Tool to Enhance Sustainability for Enterprises
Nokia has introduced an exciting new tool designed to help enterprises measure and manage their environmental impact while boosting worker safety. This tool, known as the Private Wireless Sustainability Calculator, provides a unique way for businesses to quantify the benefits of implementing private wireless networks.
Understanding the Private Wireless Sustainability Calculator
This innovative calculator allows companies to explore industrial use cases enabled by private wireless networks, revealing the environmental and social impacts involved. By leveraging digitalization, companies can identify opportunities for significant sustainability gains across various sectors.
Key Features of the Calculator
- The calculator is tailored specifically for industries such as mining, manufacturing, and port operations.
- Businesses can utilize it to recognize how private wireless networks can contribute to their sustainability goals.
Driving Sustainability in Various Industries
With a commitment to advancing sustainability, Nokia's tool is founded on extensive experience, as the company has deployed private wireless networks for over 760 industrial clients worldwide. This tool supports companies in achieving their social and environmental objectives amidst increasing demand from investors for greater transparency in corporate practices.
Benefits of Private Wireless Technology
Digitalization is a crucial driver for sustainable practices, allowing industries to maintain growth while effectively addressing climate-related challenges. The advent of private wireless networks provides high-performance connectivity, paving the way for revolutionary applications like drone inspections and digital twins, as well as real-time environmental monitoring.
A Closer Look at the Environmental Impact
Research shows that enterprises utilizing private wireless networks see remarkable improvements:
- Reducing Greenhouse Gas Emissions: A report highlighted that 79% of surveyed companies anticipates a reduction of 10% or more in emissions after implementing solutions like Industrial Internet of Things (IIoT) and drones.
- Enhancing Worker Safety: Private wireless solutions have enabled medium-sized chemical manufacturers to save approximately EUR 1.4 million in societal costs and achieve a significant reduction in health and safety incidents.
- Boosting Efficiency: Autonomous trucks backed by private wireless networks experience a notable reduction in fuel consumption, resulting in both lower energy use and enhanced worker safety.
Collaborative Efforts with PwC
Nokia partnered with PwC UK for the successful development of the Private Wireless Sustainability Calculator, utilizing PwC's expert methodologies to gauge environmental and social impacts. By employing the Total Impact Measurement and Management (TIMM) framework, the calculator converts costs and benefits into understandable monetary terms, making it easier for businesses to see the value of sustainable practices.
Insights and Revelations
The insights derived from the calculator help enterprises boost operational efficiencies, minimize transportation delays, lower fuel consumption, and optimize worker health and safety. With the calculator, businesses gain critical findings that drive strategic decisions regarding sustainability.
Nokia's Commitment to Climate Goals
Subho Mukherjee, Vice President of Sustainability at Nokia, emphasizes the importance of digital transformation in reaching climate objectives. By accelerating this transformation through networking and AI, Nokia aims to assist industries in becoming smarter, more efficient, and sustainable.
Moreover, Nokia has pledged to achieve net-zero greenhouse gas emissions by 2040, ten years ahead of the global Paris Agreement goal, showcasing its dedication to sustainability throughout its operations.
Conclusion: A Bright Future Ahead
As industries globally strive for sustainability, tools like the Private Wireless Sustainability Calculator become essential in transforming strategies and achieving significant environmental goals. With Nokia at the helm of this innovation, enterprises can look forward to a greener, safer, and more connected future.
Frequently Asked Questions
What is the purpose of the Nokia Private Wireless Sustainability Calculator?
The calculator helps enterprises measure the environmental and social impacts of private wireless networks, allowing them to identify opportunities for sustainability gains.
Which industries can benefit from this calculator?
The tool has been specifically designed for industries such as mining, process manufacturing, and port operations, addressing their unique sustainability challenges.
How does digitalization contribute to sustainability?
Digitalization enhances operational efficiency, reduces carbon emissions, and improves worker safety by enabling advanced applications through high-performance connectivity.
What are some benefits of using private wireless networks?
Benefits include reduced greenhouse gas emissions, enhanced worker safety, and improved operational efficiency, leading to overall cost savings for enterprises.
What is Nokia's commitment to sustainability?
Nokia aims to achieve net-zero greenhouse gas emissions by 2040, ensuring that sustainability is integrated into their core business practices and technologies.
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