INTELLIGENT SYSTEMS IN THE CIRCULAR ECONOMY
INTELLIGENT SYSTEMS IN THE CIRCULAR ECONOMY

Author(s): Nikolay Shterev, Petya Biolcheva
Subject(s): Politics / Political Sciences, Economy, Supranational / Global Economy, Governance, Socio-Economic Research
Published by: Бургаски свободен университет
Keywords: circular economy; intelligence systems; digital transformation
Summary/Abstract: Recent years have seen an increase in the frequency of monitoring reports issued by a variety of governmental and non-governmental organizations. These reports warn that the current business structures are "pushing" the world toward destruction. Because of this, it is necessary to seek out viable alternative models that, despite resulting in an "economic use" of resources, do not impede the economy's capacity for growth and development. In spite of the way that there is an impression of no other choice, there are still confusions and obstructions in the public eye to the change from the current (straight) model of business to the practical (round) one. Considering what was previously mentioned, this paper focuses on development in profoundly keen frameworks, one of the first concerns of the change to a round economy. The authors accept that wise data frameworks ought to advance the smooth (or not really smooth) change to a roundabout economy, regardless of the benefits and cons of the broad presentation of innovations into social and monetary life that are as of now the subject of progressing banter. To support the stated theses, the report is organized as follows: first, an explanation of why the circular economy model is necessary; Secondly, a list of smart systems that could be utilized in the circular economy; third, an evaluation of the impacts of the means taken to carry out contemporary intelligence systems in the business day to day. A Bulgarian example is used for results presentations.

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