Fecha de publicación: -- Fuente: WIPO "circular economy" The present invention generally relates to the field of data processing systems, and more particularly relates to methods and systems for asset lifecycle management for recurring usage of assets enabling a circular economy. The method comprises obtaining input dataset associated with assets in technical installation (120) from data sources and determining multidimensional contextual parameters associated with assets (104). The method comprises generating a semantic graph of the input dataset. Additionally, method comprises determining a context of obtained input dataset by identifying latent relationships between determined multidimensional contextual parameters in generated graphical representation. Further, method comprises extracting entities from the generated graphical representation and generating LLM prompt corresponding to obtained input dataset. Additionally, method comprises determining operational, material, environmental, and compliance state associated with assets, and generating LLM response corresponding to generated LLM prompt. Additionally, method comprises outputting generated LLM response on user interface of user device (108).