Open AccessThe Emergent Role of Digital Technologies in the Circular Economy: A Review
Author(s) -
Aris Pagoropoulos,
Daniela C.A. Pigosso,
Tim C. McAloone
Publication year - 2017
Publication title -
procedia cirp
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 65
ISSN - 2212-8271
DOI - 10.1016/j.procir.2017.02.047
Subject(s) - circular economy , digital economy , business model , emerging technologies , field (mathematics) , key (lock) , the internet , service (business) , business , engineering , management science , computer science , economy , economics , marketing , computer security , ecology , world wide web , biology , mathematics , artificial intelligence , pure mathematics
Digital technologies have enabled the formulation of multiple Product Service-Systems (PSS) with considerable economic, environmental and societal benefits. One of the most promising paradigms, which is inspired by business models and value propositions that have already been described in the PSS literature, is the concept of Circular Economy. Circular Economy is characterized as an economy that is restorative and regenerative by design and is attracting significant attention from researchers and policy makers alike. In light of the recent proliferation of digital technologies such as Big Data and the Internet of Things, this article attempts to identify how can digital technologies support the transition to Circular Economy. This article conducted a systematic review of the literature based on a review protocol, in an effort to evaluate the application of key digital technologies in Circular Economy. The study concludes by identifying research gaps, reflecting on the application of digital technologies in the field of PSS and proposing suggestions for future research.
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