#itdevelopment

  • By Aleksandra Kekkonen English Version Today both fields of IT development and circular economy are in the highest interest. A circular economy promises a balanced and sustainable future in a clean and flourish way with well-designed and energy-efficient assets for all stakeholders. IT field in its turn drives economic development, brings science fiction projections in life, and saves (to some extent) the world from Covid consequences making distant work and business processes reality. For sure, all the popular tech trends like AI (Artificial Intelligence), ML (Machine Learning), IoT (Internet of Things), Big Data, edge computing, robotic process automation, and others come to ease our lives. But how those two fields overlap and what influence IT has for circular economy implementation?  First of all, IT field definition should be considered to be more specific in formulations: Information Technology (IT) is the use of computers to store, retrieve, transmit, and manipulate data or information. Necessary types of IT services include hardware & software, network Infrastructure (a company’s network infrastructure would typically include its internet connectivity and internal networking between computers and other devices (such as printers), mobile device management, cloud computing, and cybersecurity». Digital technologies play an important role in establishing real-time information exchanges among users, machines, and management systems. These technologies are intrinsically customer-focused and provide the information and connections needed to maintain a relationship far beyond the point of sale. Remote visibility and control of assets are especially critical for the Product as a Service, Sharing Platforms, and Product Life Extension business models. By altering the way businesses and consumers interact with physical and digital assets and enabling dematerialization, digital technologies can transform value chains, so they are decoupled from the need for additional resources for growth. Hybrid technology is partly digital and partly engineering. It can establish a unique type of control over assets and material flows. It allows a company to digitally identify...
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