By Chris Wellise, Hewlett Packard Enterprise (HPE)
SOURCE: Hewlett Packard Enterprise (HPE)
A new report by the World Economic Forum found that the value of keeping things “within” our economy, rather than letting items pass “through” our economy could unlock a global growth potential of $4.5 trillion and also address the global challenges we’re faced with today, ranging from resource depletion to climate change. This is the core tenet of the circular economy, an ecosystem in which sustainability is embedded throughout a product’s lifecycle in the global economy. In a circular economy, products are designed to be made with recycled components, are produced with longevity in mind, are made to be refurbished at maximum and can ultimately be broken down into reusable metal and plastic parts at end of life.
KEYWORDS: Internet of Things, HPE