These 5 disruptive technologies are driving the circular economy
Increased transparency, new customer expectations and emerging technologies are disrupting traditional sources of competitiveness.
From mobile to machine learning, big data to blockchain, seemingly there’s no end to what technology can enable or improve.
As we enter the Fourth Industrial Revolution, new technologies carry immense opportunities to transform the way we do business. These technologies are driving new ways of creating value in a circular economy, for both emerging and established businesses alike.
Given the fragility of the linear economy, based on its reliance on finite natural resources for growth, and as we move ever closer to the brink of our planet’s boundaries, it seems companies with their heads in the clouds could be the key to unlocking the value in a regenerative, recycling economy.
Technology and sustainability
Technological advancement has catalysed the development and implementation of circular business models, driving new processes, new communication channels and new operational efficiencies that enable the decoupling of resource use from economic growth across industries and on a global scale.
Digital, physical and biological technologies are quickly maturing and, in some cases, demonstrating exponential growth in their application and uptake.
While digital technologies are based on computer sciences, electronics and communication, physical technologies focus on the basic property of materials, energy, forces of nature and their interaction. Meanwhile, biological technologies are primarily based on the structure and function of living organisms, their systems or the derivatives thereof.