№2, 2023

Alovsat G. Aliyev, Roza O. Shahverdiyeva

This article analyzes a circular economy, its digitization features and development models. It interprets the digitalization of the circular economy in the context of green development concepts. The article shows the importance of increasing resource efficiency and stimulating the use of renewable resources in the transition process of enterprises to the green and circular economy. The importance of reducing waste generation through prevention, reduction, recycling and reuse, and production is emphasized. The international experience on the development of the digital circular economy, various scientific trends and relevant related studies are analyzed. The structure of the integration of digital technologies into the circular economy is built. The introduction of new ICT technologies into the development of circular economy, such as the Internet of Things, machine learning, deep analytics, 3D printing, blockchain, etc. are explored. The integration model of Industry 4.0 and digital circular economy is schematically developed. The main structural elements of the digital circular economy with circular Industry 4.0 are presented. The article also studies the structural elements of the circular economy, such a business models, digital transformation, lifecycle management, resource efficiency, smart services, supply chain management, etc. It explores the ways to increase the sustainability of the digital circular economy through digital transformation technologies. In this regard, relevant proposals and recommendations are made, taking into account the technological requirements and priorities for the further development of the Industry 4.0 platform elements (pp.3-14).

Keywords:Digital circular economy, Sustainable technological development, Green economy, Digital transformation, Sustainable development goals, Recycling Sharing economy, Industry 4.0 platform
DOI : 10.25045/jpis.v14.i2.01

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