IBM has acquired Envizi, a data and analytics software provider for managing environmental performance. According to IBM, the purchase builds on its increased investment in AI-powered software — including IBM Maximo asset management solutions, IBM Sterling supply chain solutions and the IBM Environmental Intelligence Suite — to help organizations create more resilient and sustainable operations and supply chains.
The acquisition closed on January 11, 2022, and financial details were not disclosed.
Companies are under increasing pressure from regulators, investors, and consumers to move toward more sustainable and socially responsible business operations – and to demonstrate these actions in a robust and verifiable way.
When announcing the deal, IBM cited a 2021 Forrester report that found that corporate social responsibility and environmental sustainability risks are associated with the third-largest concerns for organizations, according to a ranking of large companies. However, IBM noted that the different types of data that data companies need in order to understand and report on sustainability initiatives remains highly fragmented and difficult for all stakeholders to access.
Envizi software automates the process of collecting and integrating more than 500 types of data and supports major sustainability reporting frameworks. Dedicated dashboards enable companies to analyze, manage and report on environmental goals, identify efficiency opportunities, and assess sustainability risks.
Envizi solutions help simplify managing these tasks as part of broader ESG reporting initiatives, while also providing users with valuable sustainability insights to inform business strategy.
Available as a SaaS solution and operating in multiple cloud environments, Envizi serves brands such as Microsoft, Qantas, CBRE, Uber, abrdn, and Celestica, and its software can be applied to activities across a variety of industries.
According to IBM, by using Envizi with its broader AI-powered software, companies will now be able to automate feedback generated between their corporate environmental initiatives and operational endpoints used in daily business operations — a critical step in making sustainability efforts more scalable. For example, IBM says, Envizi will integrate with:
- Asset management solutions from IBM Maximo, which help companies extend the life of their critical assets and reduce environmental impact by providing intelligent asset management, monitoring, predictive maintenance, and reliability in a single platform.
- Supply Chain Solutions from IBM Sterling, which helps companies gain supply chain visibility, reduce waste by sizing the right inventory, reduce the carbon footprint of shipping and logistics, and ensure responsible sourcing using blockchain-based technology for traceability.
- The IBM Environmental Intelligence Suite (EIS), which helps companies increase resilience by assessing and planning the impact of environmental conditions on their operations, assets, and supply chains. EIS uses advanced weather and artificial intelligence technology from IBM, the world’s most accurate forecasting company.2
- OpenShift capabilities from IBM Turbonomic and Red Hat, which help companies automate decision-making when considering where to run enterprise workloads based on improved performance, cost, and greenhouse gas emissions.
Envizi is also expected to help expand IBM Consulting’s growing sustainability practice, which is designed to help clients accelerate progress toward their sustainability commitments.
“To drive real progress toward sustainability, companies need the ability to transform data into predictive insights that help them make smarter, actionable decisions every day,” said Karim Youssef, PhD, general manager of AI applications at IBM. “Envizi software provides companies with a single source of truth to analyze and understand emissions data across the full scope of their business operations and significantly accelerates IBM’s growing arsenal of AI technologies to help companies create more sustainable operations and supply chains.”
For more information, visit www.ibm.com/sustainability/solutions and https://envizi.com.