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Building a Circular Economy Digital Solution Canvas

Tejan Balakrishnan

Digital Transformation and Innovation Leader, Business Unit focused on Manufacturing, TCS

Ankush Mohla

Head of Digital, Business Unit focused on Manufacturing, TCS

Accelerating the circular economy with purpose-driven digital transformation

The circular economy holds the promise of a sustainable future for manufacturing companies. Successful circular economy initiatives can be accelerated by design-led co-innovation to build a digital solution canvas across the end-to end business value chain. Example solutions from the digital canvas for circular economy initiatives include:

  • Inventory management – Organizations can use gamification techniques to encourage, incentivize, and drive behavioral changes across diverse teams to reduce procurement costs and inventory obsolescence impact

  • Parts re-marketplace – Organizations can build an ecosystem-wide marketplace to monetize and reuse refurbished assets and parts, for reducing acquisition costs for the purchaser.

  • Intelligent connected ecosystems – Organizations can conceptualize and deliver solutions for enabling real-time visibility and track asset performance and health.
     

About the Author

Tejan Balakrishnan
Tejan Balakrishnan is a Digital Transformation and Innovation Leader at TCS Diversified Industries business unit.
Ankush Mohla
Ankush is the Head of Digital for a large conglomerate at TCS. Ankush’s aim is to help clients with their growth and transformation journeys leveraging the TCS Business 4.0 approach