Unlocking the circular economy through new business models based on large-scale data: An integrative framework and research agenda

Jabbour, Charbel José Chiappetta; Jabbour, Ana Beatriz Lopes de Sousa; Sarkis, Joseph; Filho, Moacir Godinho

doi:10.1016/j.techfore.2017.09.010

Cited by 329 publications

(251 citation statements)

References 54 publications

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“…The CE concept has its roots in other schools of thought, such as industrial ecology, industrial symbiosis, blue economy, Product-Service System, cradle-to-cradle, and biomimicry [2,27,29,30]. However, the body of knowledge regarding CE is still in its infancy [4].…”

Section: Circular Economymentioning

confidence: 99%

“…Both scientific and grey literature acknowledge IoT, Big Data, and analytics as enablers for the transition towards servitized BMs [52] and CE [4,6,20,21]. While the enabling role of digital technologies for the servitization of companies has been investigated by previous studies (see, for instance, the work of Ardolino et al [53]), their specific role as enabler for CE has been quite under-investigated to date [5,23].…”

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

“…Big Data are usually defined in literature through the four V's: volume, variety, velocity, and veracity. In fact, they are characterized by (i) a massive amounts of data generated in a continuous way; (ii) unstructured and distinct formats, such as imaging, texting, and so on; (iii) a high data generation frequency; and (iv) a good quality and a direct and proven application [4,23]. As a result, Big Data cannot be analyzed using traditional software or database techniques, since they are too large and change too much rapidly [23].…”

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

“…In this case, analytics allow companies to transform data into insights, which provides the basis for a better decision making [52,58]. Thus, the combination between Big Data and analytics can positively advance management towards CE, by feeding sustainability-oriented decision-making processes with the required information [4]. Finally, Big Data and analytics are required in the provision of advanced services, such as preventive and predictive maintenance [12,13,52,54], as exemplified by the Rolls-Royce "Power-by-the-Hour" case [22].…”

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

“…Moreover, recent studies [3] show that the application of CE principles may increase the European Gross Domestic Product (GDP) as much as 11%, with a net benefit of about €1.8 trillion by 2030, and savings on material costs up to USD 1 trillion [4,5].…”

Section: Introductionmentioning

confidence: 99%

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Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies

et al. 2018

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Recent studies advocate that digital technologies are key enabling factors for the introduction of servitized business models. At the same time, these technologies support the implementation of the circular economy (CE) paradigm into businesses. Despite this general agreement, the literature still overlooks how digital technologies enable such a CE transition. To fill the gap, this paper develops a conceptual framework, based on the literature and a case study of a company implementing a usage-focused servitized business model in the household appliance industry. This study focuses on the Internet of Things (IoT), Big Data, and analytics, and identifies eight specific functionalities enabled by such technologies (improving product design, attracting target customers, monitoring and tracking product activity, providing technical support, providing preventive and predictive maintenance, optimizing the product usage, upgrading the product, enhancing renovation and end-of-life activities). By investigating how these functionalities affect three CE value drivers (increasing resource efficiency, extending lifespan, and closing the loop), the conceptual framework developed in this paper advances knowledge about the role of digital technologies as an enabler of the CE within usage-focused business models. Finally, this study shows how digital technologies help overcome the drawback of usage-focused business models for the adoption of CE pointed out by previous literature.

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Section: Circular Economymentioning

confidence: 99%

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

Section: The Role Of the Internet Of Things Big Data And Analytics mentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies

et al. 2018

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The role of industry 4.0‐enabled data‐driven shared platform as an enabler of product‐service system in the context of circular economy: A systematic literature review and future research directions

Atif

2023

Bus Strat Dev

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Enhancing circular economy practices through the adoption of digital technologies

Carlos,

de Souza,

Mattos

2024

Bus Strat Dev

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In transitioning from a linear economy model to a circular business, digital technologies can help manage the flow of restorative and regenerative resources. In this context, the present study aims to evaluate the contribution of digital technologies, such as the internet of things (IoT), Big Data and Blockchain in the execution of circular economy (CE) practices and what mechanisms companies are adopting to integrate digital technologies into the circular context. The research method consists of an exploratory case study with a qualitative approach. Two prominent companies took part in the study. The results indicate benefits highlighted by companies, contemplate that Big Data analysis has improved performance in data processing and management, IoT has added monitoring and traceability to companies' packaging, thus bringing efficiency to recycling, recovery, reuse and disposal, and the Blockchain provides traceability, security and reliability for the implemented practice. This study contributes by exploring the factors that will help explain the mechanism for implementing CE practices. The present study integrates two dimensions (i.e., CE and digital technology). In doing so, it expands previous studies on CE practices by adopting digital technologies. As a practical contribution, the companies in the study understood that integration with startups benefits the development of projects. In addition to innovative proposals, they present digital technologies as management solutions for implementing CE practices.

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Unlocking the circular economy through new business models based on large-scale data: An integrative framework and research agenda

Cited by 329 publications

References 54 publications

Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies

Exploring How Usage-Focused Business Models Enable Circular Economy through Digital Technologies

The role of industry 4.0‐enabled data‐driven shared platform as an enabler of product‐service system in the context of circular economy: A systematic literature review and future research directions

Enhancing circular economy practices through the adoption of digital technologies

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