CIRCULAR ECONOMY THROUGH INTEGRATING INDUSTRY 4.0: SUSTAINABLE TRANSFORMATION VIA IOT AND AI

Necula Adina-Theodora, Tanase Andreea Gabriela, Maldareanu Andreea, Cretu Raluca-Florentina and Banta Viorel Costin
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Necula Adina-Theodora: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES
Tanase Andreea Gabriela: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES
Maldareanu Andreea: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES
Cretu Raluca-Florentina: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES
Banta Viorel Costin: BUCHAREST UNIVERSITY OF ECONOMIC STUDIES

Annals - Economy Series, 2025, vol. 1, 184-189

Abstract: Business and production systems can embrace the circular economy’s principles if they are combined with advanced technologies from the Fourth Industrial Revolution — Industry 4.0. This paper discusses and shows how deployment of the IoT, AI and analytics technologies resolves important challenges of effective resource management, recovering waste, and optimizing product life cycles. However, it is also important to analyze what kind of advantages circular economy can provide beyond just the environmental ones. These advantages include, but are not limited to, cost savings, differentiation from competitors and even supply chain resilience. Circular economy principles are not just an add-on; they can be successfully integrated with Industry 4.0 practices and technologies to create a more sustainable and cost-effective business model.

Keywords: industry 4.0; sustainability; transformation; digitalization; circular economy (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2025:v:1:p:184-189

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