Towards a Digital Circular Economy

Digital Circular Economy – what is that?

Take – make – use – dispose. This is the still prevailing linear economy system. Products which are thrown away, buried in landfills, or burnt at the end of their primary use phase can not only contain valuable materials consisting of finite natural resources, but also hazardous materials harmful to humans or the environment.

We at iPoint strongly believe that the solution to many of these problems lies in the combination of the Circular Economy, which allows companies and society to manufacture, use, and re-use truly sustainable products, with digital data – an approach we at iPoint have come to call the "Digital Circular Economy".

 

Learn more about this approach in our video series:

Part 1: From Linear To Circular

The rapid development of mankind is leaving its mark: increasingly scarce resources, environmental pollution, and social exploitation are global problems that affect each and every one of us. The causes are to be found in the prevailing linear economic system: For instance, valuable materials are often thrown away, buried or burned after use — and poisoning the environment as a result.

 

How can we overcome these obstacles of our prevailing linear economic and industrial system?

 

Watch Part 1 of our little video series on our concept of a Digital Circular Economy and see how only a circular system will lead to a truly sustainable future.

 

Advantages of the Circular Economy

 

The solution to many of these problems lies in the "Circular Economy". Only this form of a closed-loop economic system offers companies and society the chance to manufacture, use and re-use genuinely sustainable products.

In an ideal world, such a system allows all components and materials that make up a product to be introduced into the life cycles of other products after the product’s actual use.

 

In order to move from a linear to a circular economic system, there's one key thing everyone involved must have: information about the composition of the products — in the form of digital data.

 

Why?

 

Watch Part 2 and find out.

 

Part 2: Collecting Data For Circularity

In order to move from a linear to a circular economic system, there's one key thing everyone involved must have: information about the composition of the products — in the form of digital data.

 

Why? Let's take a closer look at a product!

 

Watch Part 2 of our video series on our concept of a Digital Circular Economy and see why data is essential for a circular system.

 

Data for a Sustainable Product


In order to develop a sustainable product, we need data that tells us …

 

  • … what raw materials and components, with what properties, are needed

  • … where the components come from

  • … how they are sourced

  • ... how they are manufactured or processed

  • … what kind of waste is produced during manufacturing or processing

  • … how the products are packaged

  • … how they are shipped, and so on

 

For almost every product and many processes, legal requirements already exist ... and on top of this, there are voluntary sustainability standards, demands made by markets, customers, and consumers and the like, which should be taken into account and integrated into the overall approach.

 

All of this data must be collected and made available along the entire supply chain and throughout every single phase of a product's life cycle — while ensuring the data's quality, traceability, and the intellectual property.

 

Stay tuned for the third part of this video series to learn how information in the form of digital data can help you make your products and processes ready for a Circular Economy.

Coming up -- Part 3: Using Data & The Digital Twin

Stay tuned for the third part of this video series to learn how information in the form of digital data can help you make your products and processes ready for a Circular Economy.

Selected by the European Commission
Join the European Circular Economy Ecosystem

Do you want to join the European Circular Economy ecosystem? And does your organisation need a circular boost?

 

iPoint are selected by the European Commission to join The Scale-Up Circular Business project #scalingcircularbusiness. This means that we are one of the SMEs to help other organisations in becoming more circular.

 

Interested in getting to know more about how we can boost your organisation's circularity?

 

Take a look at our project website!