Needs of SIB in the IT sector
This sector assumes that sustainable and inclusiveness neglects IT and technological companies as these concepts are short spanned due to this dynamic industry. However,majority of the IT and technological companies need and want to develop an ecosystem for their research that can be achieved through SIB’s interaction.
Additional needs in this sector are as follows:
- Fundings and partnerships from supporting corporates in order to enable businesses in meeting the cost of research and development (R&D) in this sector duet o high cost.
- Skilled labor or workforce in order to equip the people with the knowledge and professional skills that are required in developing sustainable products through innovation.
SIB in technology and IT services sector:
Sustainability is the new innovation frontier for businesses in developing products for their consumers and achieving long term economic gain. The use of resources available in an efficient manner that meets consumers needs and wants by providing added value such as sustainable practice. These sorts of sustainable practices include compliance to regulations, value chains, business models and creating next practice platforms in the field. In addition, knowledge is key in the technological sphere therefore encouraging high levels of employee involvement through workshops and trainings resulting to sustainable solutions in the field.
Challenges of SIB in this sector:
- Production of ‘green’ new technologies such as biofuels and bio plastics tend to have heavy reliance on biomaterials that in turn sets pressures on arable land and crops risking food shortages.
- Government Apathy- Substantial public funding is often required to support up-and-coming technologies that lack in developing countries. In addition, some private sector companies may require considerable legislative pressure before they make the switch to sustainable practices that can be time consuming.