This year marks the tenth year Cypress River Advisors has the navigated complex regulatory and market circumstances for our clients around the world. There is a single constant trend we have observed: change. This is why we work hand-in-hand with the leadership to adapt and refine their market strategy and processes. Without a doubt, flexibility is a fundamental requirement for survival. However, those of you who have worked with Cypress River know: client survival is never our goal.
We want our clients to thrive.
How? Long-term profitability requires enterprises to sustainably foster generations of happy and healthy customers. The UN Sustainable Development Goals are consistent with long-term profitability.
Over the years, we saw the power that our internet technology and mobility clients bring to bear to connect the world at scale. We have worked with our clients use the very same technology to be more sustainable.
The plowshare of the mobile revolution is low-cost sensing communications and data analytics at a global scale. Today, the internet of things and machine learning are the growth engine for nearly every global company on the planet. By understanding ourselves and our environment, we can make informed choices.
Technology has an impact on labor. Our research on the effects of machine learning has correctly predicted the creation of new jobs, the elimination of others. We must also recognize that technology is a double-edged sword inadvertently enable disinformation and even modern-day slavery. Allowing smooth labor transitions and skills development is critical particularly in markets where an aging population can potentially impact growth.
Technology unquestionably leaves a footprint on the environment. Through our work with the mobile recycling industry, the recycling and reuse of electronics are critical step to minimize the impact of mining and the elimination of waste in a world where we will see 20.4 billion IoT devices in two short years.
Global energy consumption will only increase. Our work in financial technology and communications value chain has given us a first-hand understanding of the tremendous energy required to enable the communications and global payment infrastructure. The energy consumption and cost associated with blockchain enabled transactions is not insignificant. The same applies to electric vehicles. While they minimize the use of gasoline, how we produce electricity to charge these vehicles is a significant issue.
Around the world, energy production and distribution systems need major infrastructure upgrades at the substation and network level to the accommodate the inherent problem with renewables: intermittency. Our work in information security has highlighted a disturbing trend. Nation states have shown little compunction to use cyber warfare on banking and SCADA systems. The tools used in modern warfare has changed. The asymmetric benefits of cyber-warfare have extended beyond social media into the very policies that control our energy distribution. Without question, the global energy production and distribution infrastructure needed to undergo a significant upgrade.
At the beginning of the decade, Cypress River Advisors sat at the intersection of telecommunications, media, and technology. Today our team of professionals now also sit at the intersection of sustainability, energy, and healthcare. Why? It impacts our client’s short-term and long-term market strategy. Pollution knows no political or economic boundaries. More than 80 percent of the people living in urban areas are exposed to pollution that exceeds WHO limits.
Fossil fuels produce eighty percent of the world’s energy. The share of fossil fuels is expected to increase. Clean energy technologies like wind and solar do not work without long-term energy storage. The reality is nuclear is on the decline in most of the world except China. Renewables and the current grid ability to take on intermittent power sources is not sufficient to compensate for the deterioration of nuclear, the most stable and scalable source of base-load electricity. How we produce electricity has an impact on the health of our children, environment, and climate.
For a business to thrive in today’s market, it must be sustainable.
Why? Sick customers do not have disposable incomes.