Leveraging digital technologies for advancing circular economy practices and enhancing life cycle analysis: A systematic literature review

Abstract

In today's interconnected world, traditional approaches to managing resources and analyzing product life cycles are often inefficient and lack precision. Digital technologies offer a suite of tools and methodologies that can revolutionize these practices. Through a systematic literature review on the Scopus database, this study examines the (i) various ways in which digital technologies contribute to various aspects of circular economy initiatives, viz., promoting resource optimization, resource efficiency, waste reduction, and overall sustainability and (ii) life cycle analysis of the organizational value chain within the circular economy framework. Intersections of digital technologies with the circular economy and life cycle analysis can drive significant advancements in sustainability practices by optimizing resource efficiency and improving environmental impact assessments across industries. Key topics covered include digital technologies, data collection and management, resource optimization, product design optimization, lifecycle monitoring and assessment, predictive analytics and modeling, circular design and product lifecycle management, supply chain transparency and traceability, virtual reality (VR) platforms, etc. The study also highlights the potential benefits and challenges associated with the adoption of digital technologies in the context of circular economy initiatives and offers insights for practical implications and future research directions. By leveraging digital technologies strategically, organizations can drive innovation, overcome challenges, and accelerate progress toward a more sustainable and circular economy.