Circular Economy (CE ) is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing, and recycling existing materials and products. IT and Cloud-based technology for environmental sustainability may go beyond cost reduction and contribute to competitive advantage for the firms. With the proper use of IT, BT (Business Transformation) technology, and equipment, a firm can improve its competitiveness while continuing to be environmentally friendly. However, it is a challenge to take control of data to report and reduce emissions and to use digital to create safer, more sustainable business models.
-Salman Abid, IT Technical Support Specialist
Read more about digitalization and sustainability here.