| Title | IoT-Driven Transformation of Circular Economy Efficiency: An Overview |
|---|---|
| ID_Doc | 3225 |
| Authors | Turskis, Z; Sniokiene, V |
| Title | IoT-Driven Transformation of Circular Economy Efficiency: An Overview |
| Year | 2024 |
| Published | Mathematical And Computational Applications, 29, 4 |
| Abstract | The intersection of the Internet of Things (IoT) and the circular economy (CE) creates a revolutionary opportunity to redefine economic sustainability and resilience. This review article explores the intricate interplay between IoT technologies and CE economics, investigating how the IoT transforms supply chain management, optimises resources, and revolutionises business models. IoT applications boost efficiency, reduce waste, and prolong product lifecycles through data analytics, real-time tracking, and automation. The integration of the IoT also fosters the emergence of inventive circular business models, such as product-as-a-service and sharing economies, offering economic benefits and novel market opportunities. This amalgamation with the IoT holds substantial implications for sustainability, advancing environmental stewardship and propelling economic growth within emerging CE marketplaces. This comprehensive review unfolds a roadmap for comprehending and implementing the pivotal components propelling the IoT's transformation toward CE economics, nurturing a sustainable and resilient future. Embracing IoT technologies, the authors embark on a journey transcending mere efficiency, heralding an era where economic progress harmonises with full environmental responsibility and the CE's promise. |
| https://www.mdpi.com/2297-8747/29/4/49/pdf?version=1719566801 |
Similar Articles
| ID | Score | Article |
|---|---|---|
412
|
Askoxylakis, I A Framework for Pairing Circular Economy and the Internet of Things(2018) | |
| 4909
|
Botea-Muntean, DR; Constantinescu, R Internet of Things - one of the Digital Steps that Companies Should Consider towards Circular Economy and Sustainability An Exploratory Case Study Defined by the Sustainable Retrospective of one of the Top Global Retail Groups(2023)Proceedings Of The International Conference On Business Excellence, 17, 1 | |
| 28841
|
Miaoudakis, A; Fysarakis, K; Petroulakis, N; Alexaki, S; Alexandirs, G; Ioannidis, S; Spanoudakis, G; Katos, V; Verikoukis, C Pairing a Circular Economy and the 5G-Enabled Internet of Things: Creating a Class of ?Looping Smart Assets?(2020)Ieee Vehicular Technology Magazine, 15.0, 3 | |
| 21146
|
Ingemarsdotter, E; Jamsin, E; Balkenende, R Opportunities and challenges in IoT-enabled circular business model implementation - A case study(2020) | |
| 28631
|
Arpin, ML; Leclerc, SH; Lonca, G The Circular Economy (CE) Rebound as a Paradox of Knowledge: Forecasting the Future of the CE-IoT Nexus through the Global E-Waste Crisis(2024)Sustainability, 16.0, 15 | |
| 3579
|
Gheorghe, SD A Review of the Information Technology and Operational Technology Convergence Using Internet of Things within the Circular Economy(2024)Proceedings Of The International Conference On Business Excellence, 18, 1 | |
| 4252
|
Rejeb, A; Suhaiza, Z; Rejeb, K; Seuring, S; Treiblmaier, H The Internet of Things and the circular economy: A systematic literature review and research agenda(2022) | |
| 27909
|
Ingemarsdotter, E; Jamsin, E; Kortuem, G; Balkenende, R Circular Strategies Enabled by the Internet of Things-A Framework and Analysis of Current Practice(2019)Sustainability, 11.0, 20 | |
| 22285
|
Hatzivasilis, G; Christodoulakis, N; Tzagkarakis, C; Ioannidis, S; Fysarakis, K; Demetriou, G; Panayiotou, M The CE-IoT Framework for Green ICT Organizations The interplay of CE-IoT as an enabler for green innovation and e-waste management in ICT(2019) | |
| 694
|
Voulgaridis, K; Lagkas, T; Angelopoulos, CM; Nikoletseas, SE IoT and digital circular economy: Principles, applications, and challenges(2022) |