ARTIFICIAL INTELLIGENCE AS A RISK TREATMENT TOOL IN THE CIRCULAR ECONOMY
ARTIFICIAL INTELLIGENCE AS A RISK TREATMENT TOOL IN THE CIRCULAR ECONOMY

Author(s): Petya Biolcheva
Subject(s): Economy, National Economy, Supranational / Global Economy, Business Economy / Management
Published by: Национално издателство за образование и наука „Аз-буки“
Keywords: Current Economic; Risk; Relationships of Circular Products
Summary/Abstract: Business organizations are increasingly thinking about closing the production loop and moving closer to the so-called circular economy. On the other hand, changing from a linear model to a circular one is accompanied by many difficulties and unknowns. Achieving a regenerative system with zero waste emissions, full resource recovery, recycling and reuse poses a number of risks for business. This paper explores the possibility of using AI as an effective means of addressing risk in the transition to a circular economy and Industry 5.0. The results of the study identify the main relevant groups of risks and propose a methodology for their treatment, through different AI tools. This allows to achieve higher competitiveness and a smooth entry into Industry 5.0.

• Details
• Contents