Value-creating processes of circular business models in the development of IT systems

Abstract

: The profitability of “mainstream” economic systems lies in outsourced external factors, which make it cheaper to waste resources than to track and eventually recover them. However, non-circular economic models, that is, without feedback, carry many risks. These include deficiencies in primary resources, including resource price volatility, declining supply chain efficiency, increasing bans on waste trading, declining costs of renewable energy sources, etc., and these unfavorable patterns can also be termed “linear risks”. Through the analysis of open and closed business models and the presentation of the value-creating processes of the ReSolve matrix, we want to demonstrate how modern IT systems and digital solutions can increase the efficient use of resources and reduce production risks.