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Intelligent Assets: Unlocking the Circular Economy Potential

With up to 50 billion connected devices predicted by 2020, a pervasive digital transformation is reshaping the economy and companies are increasingly asking what role they should play in the emerging digital transformation.

Meanwhile, knowledge and understanding of the circular economy among business leaders and policymakers is growing, as demonstrated by the European Commission’s recent Circular Economy Package and associated funding announcements, and governments are increasingly looking for new pockets of economic development without increasing the national resource footprint.

Intelligent Assets: Unlocking the circular economy potential provides the first vision for how a digitally enhanced, prosperous circular economy could look. The report creates fertile ground for innovation that could enable the decoupling of value creation from finite resource consumption and lead to broad social benefits.

The report establishes that the interplay between the value drivers of a circular economy and those generated by a network of intelligent assets (or Internet of Things), presents significant opportunities for almost every part of society. Smart devices provide an abundance of information, which can help maximize the utility of materials and optimize the amount that can be looped back in as part of a circular economy.

This report was produced by the World Economic Forum and the Ellen MacArthur Foundation as part of Project MainStream, a global, multi-industry initiative that aims to accelerate business-driven innovations to help scale the circular economy.

You can find the infographics from the report here.

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