Zainiac 2020 - Fifth Edition Zainiac 2020 - Fifth Edition | Page 6

Thought Leadership Benefits of the circular economy Zain Group recently published its annual thought leadership report, The Circular Econ- omy: Embedding Sustainable Solutions in a bid to Save the Planet. In it, the company details how the circular economy fits into helping to address some of the devastating impacts of climate change. This type of eco- nomic model is essentially based on the prin- ciples of designing out waste and pollution; keeping products and materials in use; and regenerating natural systems. The planet is clearly at a point where it cannot withstand the waste generated from human activity. Today, people all over the world are producing an astounding 3.6 million tons of solid waste per day. It is estimated that by 2025, this amount will reach 6.1 million tons per day. Current linear economic models utilize raw and non-renewable materials to create prod- ucts and once the product is consumed it becomes waste, which is neither efficient nor sustainable. The negative impact of ineffi- cient economic models is real and growing. Uncollected waste and waste directed to open landfills is extremely common across the Middle East, though the current state of digiti- zation offers compelling solutions to help address the negative im- pact of excess waste, with the emergence of nascent technologies such as Big Data, Artificial Intelligence, Robotics, and the Internet of Things (IoT). Zain’s latest report explores the definition of the circular economy and its various dynamics, comparing it to the linear economy model. The insight also highlights risks of the linear model, while providing views on the critical role technology plays in the circular economy and identifies initiatives undertaken by Zain in this regard. Examples of E-waste TVs Cables Computer Monitors Digital, Video, Cameras Keyboards Printers Today, people all over the world are producing an astounding 3.6 million tons of solid waste per day. It is estimated that by 2025, this amount will reach 6.1 million tons per day 4