Nove informacijske tehnologije za podršku razvoju kružne ekonomije u okviru Industrije 5.0
New Information Technologies to Support the Development of the Circular Economy in the Framework of Industry 5.0

Author(s): Sandra Lovrenčić, Iva Gregurec
Subject(s): Social Sciences, Economy
Published by: Udruženje ekonomista i menadžera Balkana
Keywords: Artificial intelligence; Circular economy; Industry 5.0; Sustainability
Summary/Abstract: The need to preserve resources for future generations initiated the concept of Industry 5.0, and as part of it, the circular economy was emphasized as one of the key elements of achieving sustainability. Industry 4.0 emphasizes digitization and artificial intelligence technologies, while Industry 5.0 focuses on human-centered business, sustainability and resilience. However, the role of information technology in achieving these goals is indisputable, as support for the change that is necessary in the business models of organizations. The paper examines the role of new information technologies in realizing the circular economy, with a focus on the role of artificial intelligence. The main directions of research related to information technology and the circular economy were analyzed and the most important areas of artificial intelligence that could benefit the development of the circular economy were identified. Also, how artificial intelligence can support the change in organizations towards a circular economy, ensuring sustainability within the development of Industry 5.0, is discussed.

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