Servitization is a new business model that let manufacturers offer their product as a service instead of selling products directly to consumers. Rolls-Royce, Spotify, and Netflix are good examples of companies that offer this commercial scheme. It is a budget-friendly concept that offers convenience for consumers and in some cases help promote a circular economy …
Planned obsolescence is a strategy in economics and industrial design that guarantees a product’s usefulness is limited to a fixed period of time by designing it to become obsolete, non-serviceable or unfashionable after a short duration of use. The intention of this approach is to generate continuous and frequent sales of products while decreasing the …
Cradle to Cradle (C2C) is a sustainable design philosophy that models its business practices after the regenerative cycle found in nature. It applies the circular economy strategy wherein materials from discarded products are used to create new merchandise so that waste is eliminated and resources are reused for a very long time. Within the Cradle …
Software as a Service or SaaS, is a software licensing and delivery model wherein a provider makes software available to customers over the Internet through a software subscription or as an on-demand service. SaaS offers customers the ability to use computer applications without the high cost of software programs. A software subscription nowadays costs only …
Sustainability is a current global concern. In today’s economy, the challenge lies in dealing with this concern with a new strategy to stimulate change in production and consumption. Recently, there has been a shift in society from mass production to flexible production. Flexible production is to provide services instead of mass-produced products. The goal is …
What is Mobility as a Service? It will not come as a surprise that the abundance of cars on the road today is the culprit of many problems – hours-long traffic jams and frightening carbon dioxide emissions are only the tip of the iceberg. However, what if there was a cheap, reliable and flexible way …
Our planet’s emerging resource problem is in need of a sustainable, practical, and long-lasting solution. Reserves of key resources are diminishing and the presence of waste in our ecological surroundings is taking massive forms. The prime concern of policymakers, researchers, and scientists is to develop an industrial system with a shift from the use of …
Today’s complex human challenges to come up with sustainable solutions for a healthy natural environment demands an innovative approach. In a circular economy, the aim is to produce no waste or pollution and to re-use and regenerate products, components and materials in a continuous cycle. A very important aspect of a successful production cycle is …
