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Writer's pictureJames Lawn

The Responsible Business Transition (Continued)

Responsible Business Intelligence (RBI) stems from the three concepts of:


  • The responsible use of Business Intelligence (BI)

  • The responsible use of Artificial Intelligence (AI)

  • The application of BI and AI by Responsible Businesses


The 𝖮𝗉𝗉𝗈𝗋𝗍𝗎𝗇𝗂𝗍𝗒 for Responsible Business and Responsible Government - ie those organisations society chooses to trust - is to build optimism and improved, more equitable outcomes for the planet and all of society.....as they also grow a greater share of global profit and hire a greater share of the global workforce or, in the case of Responsible Governments, grow GDP.


The C𝗁𝖺𝗅𝗅𝖾𝗇𝗀𝖾 for Responsible Business and Responsible Government, is that the rate of global growth is slowing down and, with this economic slow down, the pressure for organisations to prioritise growth in profit and GDP over environmental decline, economic inequality, social inequality, health inequality, and local community decline becomes greater.


According to The World Bank, "Global growth is projected to slow for the third year in a row...[b]y the end of 2024, people in about one out of every four developing countries and about 40% of low-income countries will still be poorer than they were on the eve of the COVID pandemic in 2019...Without a major course correction, the 2020s will go down as a decade of wasted opportunity".

In his recent book, "Growth: A Reckoning", Daniel Susskind describes a society that must not only find a path back to global growth - through the responsible businesses and governments we chose to trust - but also a society that must find a new path to growth that is far more aligned to resolving environmental decline, economic inequality, social inequality, health inequality, and local community decline - for current generations and all future generations that follow. We want to be a society that holds businesses and governments to task on responsible growth through profit, employment and GDP, and also a society that demands that all of society is served equitably by these businesses and governments. 


The task for Responsible Business and Government, on behalf of society, is therefore to chart and constantly rechart a course in the future where growth is balanced as part of the long-term solution towards abundance for all of society not just the few, where sustained growth can be achieved without depleting the finite physical resources our planet has to offer.


As Daniel discusses in his book, a key driver of sustainable growth is technological innovation - achieving more, achieving better, with less - where this innovation is driven through the continual development of new ideas. A key example of sustainable growth is the global impact of innovation and investment in clean technologies that now means the cost of reaching net zero in the UK is less than 1% of GDP per year, before benefits are counted. This compared to the 2% estimated by Stern back in 2008. Another example of sustainable growth is the global impact of innovation and investment in vaccine development, supported by AI, during the pandemic resulting in mRNA vaccines being developed within a year. This compared to the typical 10 year development process previously. 


In the words of Mahatma Gandhi: “Be the change that you wish to see in the world.” As citizens, consumers and employees, we can each choose to be part of a society that holds our chosen businesses and governments to account on sustainable growth for the benefit of all society, today and in the future. Though only one part of the solution, the responsible application of Business Intelligence and Artificial Intelligence can help our organisations be the responsible businesses and governments they wish to be. 

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