EconPapers    
Economics at your fingertips  
 

Big Data Analytics Capabilities and Eco-Innovation: A Study of Energy Companies

Russell Tatenda Munodawafa () and Satirenjit Kaur Johl ()
Additional contact information
Russell Tatenda Munodawafa: Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia
Satirenjit Kaur Johl: Department of Management and Humanities, Universiti Teknologi PETRONAS, Seri Iskandar 32610, Perak, Malaysia

Sustainability, 2019, vol. 11, issue 15, 1-21

Abstract: Increased greenhouse gas (GHG) emissions in the past decades have created concerns about the environment. To stymie global warming and the deterioration of the natural environment, global CO 2 emissions need to reach approximately 1.3 tons per capita by 2050. However, in Malaysia, CO 2 output per capita—driven by fossil fuel consumption and energy production—is expected to reach approximately 12.1 tons by the year 2020. GHG mitigation strategies are needed to address these challenges. Cleaner production, through eco-innovation, has the potential to arrest CO 2 emissions and buttress sustainable development. However, the cleaner production process has been hampered by lack of complete data to support decision making. Therefore, using the resource-based view, a preliminary study consisting of energy and utility firms is undertaken to understand the impact of big data analytics towards eco-innovation. Linear regression through SPSS Version 24 reveals that big data analytics could become a strong predictor of eco-innovation. This paper concludes that information and data are key inputs, and big data technology provides firms the opportunity to obtain information, which could influence its production process—and possibly help arrest increasing CO 2 emissions.

Keywords: eco-innovation; cleaner production; sustainable development; CO 2 emission; big data analytics; industry 4.0; resource-based view (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://www.mdpi.com/2071-1050/11/15/4254/pdf (application/pdf)
https://www.mdpi.com/2071-1050/11/15/4254/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:11:y:2019:i:15:p:4254-:d:255298

Access Statistics for this article

Sustainability is currently edited by Prof. Dr. Marc A. Rosen

More articles in Sustainability from MDPI, Open Access Journal
Bibliographic data for series maintained by XML Conversion Team ().

 
Page updated 2019-12-10
Handle: RePEc:gam:jsusta:v:11:y:2019:i:15:p:4254-:d:255298