CAN ARTIFICIAL INTELLIGENCE ACCELERATE THE TRANSITION TO A CIRCULAR ECONOMY?

Authors : Perihan Hazel Kaya

Pages : 7-19

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Publication Date : 2024-07-31

Article Type : Research Paper

Abstract :The world’s current model of economic development is unsustainable. It promotes the inappropriate use of limited natural resources, encourages consumption and waste, causing serious damage to the environment and generating large amounts of waste. The circular economy, an economic model in which resources are recycled and reused as much as possible by following a circular path rather than a linear path during consumption, has been gaining popularity around the world in recent years. Artificial intelligence (AI), one of the most important developments of our time, can also play an important role in the realisation of the circular economy. AI can complement and extend the skills of humans. It helps people learn faster, deal with complexities more effectively, and better understand the abundance of data. AI can facilitate new circular business models within the circular economy and help design sustainable and robust products. The aim of this study is to seek answers to questions such as how artificial intelligence contributes to the transition to a circular economy and whether artificial intelligence can accelerate the transition to a circular economy. While seeking answers to these questions, we argue that artificial intelligence has significant potential in the transition to a circular economy and will play an important role in this transition.
Keywords : Sustainability, Circular economy, Artificial intelligence