The Role of AI in Achieving a Circular Economy in Smart Cities

The concept of the circular economy is designed to replace the end-of-life economic system with restoration, use of renewable energy, and the elimination of waste through the better design of materials, products, systems and business models. Most leading organizations worldwide have begun identifying feasible opportunities in adopting sustainable business practices, embracing circular business models and leveraging disruptive technologies. For city planners, businesses and policymakers, a smart city transformation from the current economic model, knows as linear economy, to a circular economy encompasses high complexity. They need to consider material and energy, product design, business models, manufacturing, service and distribution processes and data management and more. However, embracing artificial intelligence in a circular economy can expedite the efforts of a smart city project needs, creating ways to accomplish sustainable development goals.