The last 50 years the hardware industry in synergy with the software industry have completely changed society. It enables new and sometimes revolutionary benefits in our life; in our everyday products, in business and in public services.
The hardware industry has for years experienced demanding market needs for increased computer efficiency, miniaturisation, mobility, connectivity, high reliability and quality, more advanced functionality and lower prices. This has lead to more sophisticated, critical and complex products, more complex supply chains, shorter time to market and shorter product life cycles.
The risks are large and increasing and to stay in business for the long run operational effectiveness continuously has to be in focus. Environment, ethics and social responsibility is high on the news agenda around the world – mistakes or failures to comply with what is seen as responsible corporate behavior will influence reputation, market share and stock price.
Recently, green IT is placed on top of the management agenda and organisations have to show corporate responsibility. In the future IT & telecom will be increasingly important as an alternative to transport due to climate change issues and policies. The IT industry is uniquely positioned to help other industries cope with their sustainability issues. It can be an enabler of innovative solutions to sustainability challenges that exist in other industries. However, to get credibility IT companies have to show that they act responsible in the world society.