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CAN ARTIFICIAL INTELLIGENCE ACCELERATE THE TRANSITION TO A CIRCULAR ECONOMY?

Year 2024, Volume: 6 Issue: 3, 7 - 19, 31.07.2024

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.

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There are 24 citations in total.

Details

Primary Language English
Subjects Economic Theory (Other)
Journal Section Research Articles
Authors

Perihan Hazel Kaya 0000-0002-9878-4194

Publication Date July 31, 2024
Submission Date April 30, 2024
Acceptance Date July 18, 2024
Published in Issue Year 2024 Volume: 6 Issue: 3

Cite

APA Kaya, P. H. (2024). CAN ARTIFICIAL INTELLIGENCE ACCELERATE THE TRANSITION TO A CIRCULAR ECONOMY?. Eurasian Research Journal, 6(3), 7-19.