Artificial Intelligence leads to Circular Economy: A Bibliometric Review and Future Agenda
DOI:
https://doi.org/10.34190/icair.5.1.4324Keywords:
Artificial intelligence, Circular Economy, Bibliometric Review, Big Data Models, Digital Supply ChainsAbstract
Despite extensive research on industry 4.0 and circular economy (CE). There is limited research on nexus between artificial intelligence (AI) and circular economy. AI seems to be driving force for revolutionizing in businesses and industries for unlocking economic, environmental, and social benefits. We investigated how AI transform from linear to circular business models. Authors selected 105 peer-reviewed articles from Web of Science database by using bibiliometric analysis. Authors analyzed the data by using VoSviewer Software. The four core clusters were identified, (1) circular economy a pathway to sustainable business management, (2) big data models enhance CE outcomes, (3) I4.0 technologies leads to future of CE and (4) digitalized supply chains for sustainable development. This review advances our understanding on AI and circular economy in the existing literature due to less focus by prior scholars. More importantly, this review contributes to shifting the focus to technological perspective within circular economy, diverging from traditional linear model based on economic views. This review suggested companies should adopt AI as it plays a pivotal role in facilitating the shift to a circular economy by reshaping and enhancing existing models of product design, manufacturing, consumption, repair, regeneration, recovery, and end-of-life management while simultaneously improving the efficiency of waste management. This research provides fresh perspectives on AI and CE to better understand AI as an opportunity rather than cost due to ongoing fourth industrial revolution.