Digital twins for EHS systems are already in place, however, their inter-dependent and co-dependent lifecycle pivot masks their appearance. Several IoT devices chained as reporting beacons for emission performance to wear & tear monitoring are a simple example.
Digital platforms are now helping organizations to reaffirm their EHS commitment while working with their suppliers, vendors, contractors etc. Contractor management software precisely performs such functions. Digital platforms like these offer better chances of optimization.
Digital platforms are a great reformer when it comes down to universal deployment with accountability. Thus, enablement of combinatorial objectives that preserve and uphold fundamental safety and health tenets have a greater shelf life than say traditional methods.
Deep technology is defined as technology which offers significant advancements over the currently employed technology. Deep technology has already created ripples in the conventional technology ecosystem; Biology; chemistry and physics sit at the cusp of producing most novel materials.
Modern context of capitalism is based on two narratives – western economy is rapidly moving towards consolidation while the tremendous emerging economies of the east are diversifying. Most of the economic trends of progress, deficit and taxation to institutional policymaking in banking.