Direct Communications Solutions (CSE: DCSI) (OTCQX: DCSX) (FSE: 7QU) has been nominated for the Gurtam 2022 IoT project of the year for its Smart ESG Program, which helps companies meet regulatory requirements and increases operational efficiency.
DCS’ Smart ESG Program provides cloud-based solutions, which have helped clients meet California’s air quality and climate requirements set by the California Air Resources Board (CARB).
The solutions also provide tamper-proof data analytics, which increase operational efficiency for end users to enhance scheduling, routing, and monitoring at a cost-effective price.
Upon opening entries for the competition, which recognises the world’s best IoT projects, Gurtam head of Wialon division Aliaksandr Kuushynau said he expects the projects will impress judges once again.
“I believe that this year there will be just as many exceptional projects. We look forward to celebrating them and sharing them with the world,” he said.
Gurtam, a telematics and IoT solutions developer has more than 300 professionals from different countries contributing their knowledge and experience to the development and evolution of innovative products.
DCS’ solution was chosen as a finalist for the IoT project of the year thanks to its impact in reducing the effects of climate change caused by the transportation and logistics industry.
DCS executive vice president of sales Mike Lawless said the company is honoured to play a part in supporting companies in achieving ESG goals.
“Being a California-based company, we are thrilled to support the US logistic and transportation industry in reducing the toxic emissions and attain health-based air quality standards, starting with the State of California,” he said.
“It is part of the core focus of the Smart ESG Program to reduce expenses, increase efficiency and while having a positive ESG impact.”
DCS continues to develop Smart ESG Program
DCS anticipates the demand for IoT in ESG asset tracking and monitoring will continue to grow. Bloomberg predicts global ESG assets will hit US$50 trillion assets under management (AUM) by 2025.
It is believed the global IoT-based asset tracking and monitoring market size could reach heights of US$6.7 billion by 2028.
DCS said it is committed to enhancing the Smart ESG Program moving forward, through innovative solutions like supporting the CARB requirements for reducing toxic emissions.
After receiving the Gurtam nomination, DCS expects its technology will gain further recognition from the regulators and give more opportunities for the company leading into the future.