Technology & Innovation Faculty & Analysis Harvard Business Faculty

But this will also result in better efficiency, lower costs and reduced use of water in some instances. Fashion, too, an space with a checkered previous and present in this area, makes good use of sustainable tech. There are virtual try-on companies, which can dramatically reduce returns and waste. These virtual Technology News representations of clothes can also be used within the retail buying course of, avoiding the necessity to so many physical samples to be ferried about. Sustainable technology is found at all ranges of green tasks and policy. On a small degree, there are “greener” telephone firms like Fairphone.

Technology is changing into human by design, and enterprises that put together now will win in the future. The company accomplished a proof-of-concept demonstration of their technology on a Caterpillar engine at Argonne National Laboratory. Fifteen, 20 years ago when I was earlier in my career at McKinsey, I might’ve thought we set our enterprise strategy, we think about technology, and then we decide how we’re going to execute our technique.