In today’s data-driven world, data has become the new gold, offering a potential for businesses to address resource inefficiencies

Over the past six years, we have worked closely with over 250 small businesses in 15 countries coaching them on resource efficiency and witnessing their challenges firsthand.

One thing that stood out: small businesses struggle to monitor and measure their resource consumption, making it challenging for them to assess and track their environmental performance. They often remain unaware of their resource inefficiency, whether due to limited awareness or access to relevant tools.

For example, water consumption, electricity and energy consumption are not easily monitored or controlled without reliable data.

Small businesses are at a disadvantage compared to larger firms as they are less likely to have a resource management system, which limits their ability to reduce operational costs. If these inefficiencies accumulate over time, they result in higher costs and missed opportunities for growth.