Month: November 2020

  • 20 November 2020

    Digital Platforms

    By Ghali Egger The need to shift to an economy that is circular and inclusive has become inevitable. At the same time there are a lot of hurdles which are hindering us from it and making this transition one of today’s greatest challenges. Among them for example there is the current linear economic model which does not value natural capital; this information does not flow with products and material down the value chain and that customers lack awareness, capacities and convenience to actively contribute to a Circular Economy.  Digital solutions like online platforms, artificial intelligence (AI), the Internet of things (IoT) and blockchain are already used to support Circular Economy initiatives, but the potential is even greater. If adequately steered, data and digitally enabled solutions could contribute to a system-wide transition and further enhance connectivity and the sharing of information across the value chains; make products, processes and services more circular; and empower citizens and consumers to contribute to the transition.  For this reason, the transition to a Circular Economy and the digitalisation of the economy and society should be aligned in order to benefit the environment, society and economy.  One of the ways digitalisation can enable the Circular Economy transition is in the form of digital platforms that are used for industrial symbiosis. Industrial symbiosis is a powerful approach to accelerate and scale the Circular Economy by closing resource cycles and valuing materials that would otherwise be discarded. In fact, waste is not seen as waste any longer but as a resource at the wrong place. Materials that cannot be used anymore by a company, can constitute a secondary raw material for another company. The digital platform in turn, is enabling and facilitating the process of material exchange and data flow between the companies.  The expression “symbiosis” as per...
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