From Profit to Purpose Using AI to Create Sustainable Business and Social
DOI:
https://doi.org/10.64882/ijrt.v14.iS2.1171Keywords:
Ecological Sustainability, Social Sustainability, Ethical Governance, Social Impact, Governance, Social, Environmental, DecarbonizationAbstract
The paradigm of modern commerce is shifting away from conventional profit-maximization models to a purpose-driven approach that combines economic success with ecological and social sustainability. This study investigates the vital function of artificial intelligence (AI) which act as a catalyst for this paradigm shift, specifically how prediction analytics, machine learning, and automation might be used to generate "shared value." The study uses a multi-sector analysis to identify three major areas where artificial intelligence bridges the gap between economic viability and sustainability:
- Operational Decarbonization: AI-driven optimization for waste reduction, energy efficiency, and circular supply chains.
- Social Impact at Scale: Enhancing access to financial services, education, and healthcare and for underprivileged communities through algorithmic solutions.
- Ethical Governance: Developing inclusive and transparent AI frameworks to reduce bias and promote equitable value distribution.
The findings indicate that, while AI provides unparalleled efficiency opportunities, its actual potential resides in its capacity to measure as well as regulate complex ESG (Environmental, Social, and Governance) parameters, allowing purpose to be viewed as a tangible asset instead of a secondary issue. The report concludes with a strategic framework for managers to use AI not only for financial advantage, but also as a foundational pillar in constructing resilient, future-proof enterprises that are beneficial to both shareholders and society.
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UNESCO. (2021). AI and Education: Guidance for Policy-makers. Paris: UNESCO Publishing.
PwC. (2023). AI and ESG: Measuring Sustainability Impact. PwC Global Report.
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