REGISTRATION CERTIFICATE

KV #19905-9705 PR dated 02.04.2013.

 FOUNDERS

RESEARCH CENTRE FOR INDUSTRIAL DEVELOPMENT PROBLEMS of NAS (KHARKIV, UKRAINE)

According to the decision No. 802 of the National Council of Television and Radio Broadcasting of Ukraine dated 14.03.2024, is registered as a subject in the field of print media.
ID R30-03156

 PUBLISHER

Liburkina L. M.

 SITE SECTIONS

Main page

Editorial staff

Editorial policy

Annotated catalogue (2011)

Annotated catalogue (2012)

Annotated catalogue (2013)

Annotated catalogue (2014)

Annotated catalogue (2015)

Annotated catalogue (2016)

Annotated catalogue (2017)

Annotated catalogue (2018)

Annotated catalogue (2019)

Annotated catalogue (2020)

Annotated catalogue (2021)

Annotated catalogue (2022)

Annotated catalogue (2023)

Annotated catalogue (2024)

Annotated catalogue (2025)

Thematic sections of the journal

Proceedings of scientific conferences

Industry 4.0: The Essence and Development Trends
Sosnovska O. O., Vakofian V. G.

Sosnovska, Olga O., and Vakofian, Vahan G. (2022) “Industry 4.0: The Essence and Development Trends.” Business Inform 1:137–144.
https://doi.org/10.32983/2222-4459-2022-1-137-144

Section: Information Technologies in the Economy

UDC 338.45:004

Abstract:
The article discloses the relevance of the issue of the formation and development of Industry 4.0, emphasizes its comprehensive nature, reflects the system of scientific views on this term, taking into account the points of view of such leading consulting companies in the world as Deloitte, McKinsey, KPMG, Ernst &young, PricewaterhouseCoopers. The authors’ own vision of the essence of the concept is proposed that characterizes Industry 4.0 as the creation and introduction of breakthrough technologies that will serve as the basis for further technological development and their mass application, capable of influencing the growth of the quality of value chain management, the development of new business models and the integration of all production entities into a single database in order to improve production processes and accelerated innovation development. The main stages of industrial production development from the stage of mechanization (Industry 1.0) to the present (Industry 4.0 and beyond) are formulated and illustrated, indicating the potential of development. Attention is focused on the need for revolutionary changes not only in industry, but also in business models of enterprises. The principles of building Industry 4.0 are given, as well as the technologies inherent in Industry 4.0 are listed, their condensed essential characteristic is provided. The content of the key achievements of Industry 4.0 is emphasized, taking into account the main technologies and some areas of development. As a result, the authors identify the vector of development of economies of countries, as well as enterprises operating both in these economies and on the verge of their intersection, under the influence of Industry 4.0 and in the conditions of Next Normality (new reality), which involves significant transformation changes, integration of technologies, reorientation of enterprise resources, mechanisms of value added formation, and optimization of business processes at all levels.

Keywords: Industry 4.0., digital platforms, digital ecosystems, business processes, business models.

Fig.: 1. Tabl.: 1. Bibl.: 22.

Sosnovska Olga O. – Doctor of Sciences (Economics), Professor, Head of the Department, Department of Finance and Economics, Borys Grinchenko Kyiv University (18/2 Bulvarno-Kudriavska Str., Kyiv, 04053, Ukraine)
Email: [email protected]
Vakofian Vahan G. – Postgraduate Student, Department of Finance and Economics, Borys Grinchenko Kyiv University (18/2 Bulvarno-Kudriavska Str., Kyiv, 04053, Ukraine)
Email: [email protected]

List of references in article

Schwab, K. “The Fourth Industrial Revolution“. Geneva: World Economic Forum, 2016. https://luminariaz.files.wordpress.com/2017/11/the-fourth-industrial-revolution-2016-21.pdf
Chetverta promyslova revoliutsiia: zmina napriamiv mizhnarodnykh investytsiinykh potokiv [The Fourth Industrial Revolution: A Change in the Direction of International Investment Flows]. Ternopil, 2018.
“Industrial Revolution“. https://www.britannica.com/event/Industrial-Revolution
Lukianenko, D. H. et al. Resursy ta modeli hlobalnoho ekonomichnoho rozvytku [Resources and Models of Global Economic Development]. Kyiv: KNEU, 2011.
“Industriya 4.0: proizvodstvennyye protsessy budushchego“ [Industry 4.0: Production Processes of the Future]. https://up-pro.ru/library/strategi/opinion/industriya-4.0/
Oberhaus, D. “This Is What the Fourth Industrial Revolution Looks Like“. https://www.vice.com/en/article/4x3p43/life-after-the-fourth-industrial-revolution
Lorenz, M. et al. “Man and Machine in Industry 4.0. How Will Technology Transform the Industrial Workforce Through 2025?“ https://www.bcg.com/publications/2015/technology-business-transformation-engineered-products-infrastructure-man-machine-industry-4
Russmann, M. et al. “Industry 4.0: The Future of Productivity and Growth in Manufacturing Industries“. https://image-src.bcg.com/Images/Industry_40_Future_of_Productivity_April_2015_tcm9-61694.pdf
Schlaefer, R., Koch, M., and Merkofer, P. Industry 4.0. Challenges and solutions for the digital transformation and use of exponential technologies. Zurich: Creative Studio of Deloitte, 2014.
Hermann, M., Pentek, T., and Otto, B. “Design Principles for Industrie 4.0 Scenarios“. Proceedings of 49th Hawaii International Conference on System Sciences HICSS. Koloa, 2016. 3928-3937. DOI: 10.13140/RG.2.2.29269.22248
Chmeruk, H. H., Kralich, V. R., and Burlakova, I. A. “Deiaki aspekty tsyfrovoi transformatsii pidpryiemstv“ [Some Aspects of Digital Transformation of Enterprises]. Prychornomorski ekonomichni studii. 2018. http://bses.in.ua/journals/2018/34_2018/21.pdf
“Industry 4.0: Are you ready?“ Deloitte Review. 2018. https://www2.deloitte.com/content/dam/insights/us/collections/issue-22/DI_Deloitte-Review-22.pdf
“Industry 4.0: How to navigate digitization of the manufacturing sector McKinsey Digital“. https://www.mckinsey.de/files/mck_industry_40_report.pdf
“Industry 4.0: A reality check for today's C-suite on Industry 4.0“. https://assets.kpmg/content/dam/kpmg/xx/pdf/2018/11/a-reality-check-for-todays-c-suite-on-industry-4-0.pdf
“Sensors as drivers of Industry 4.0“. https://www.ey.com/Publication/vwLUAssets/ey-at-studie-sensoren-treiber-industrie-40-2019/$FILE/EY%20Studie%20%20Sensors%20as%20drivers%20of%20Industry%204.0.pdf
“How industry leaders build integrated operations ecosystems to deliver end-to-end customer solutions“. https://www.strategyand.pwc.com/gx/en/insights/industry4-0/global-digital-operations-study-digital-champions.pdf
Andressen, M. “Why Software Is Eating World“. The Wall Street Journal. August 20. 2011. https://www.wsj.com/articles/SB10001424053111903480904576512250915629460
Semenoh, A. Yu. “Ekosystemy tsyfrovykh platform yak faktor transformatsii biznesu v umovakh tsyfrovoi ekonomiky“ [Ecosystems of Digital Platforms as a Factor of Business Transformation in the Digital Economy]. Visnyk KNUTD. 2019. https://er.knutd.edu.ua/bitstream/123456789/14744/1/V137_P039-050.pdf
Semenoh, A. Yu. “Kontseptualni zasady rozvytku tsyfrovykh platform v umovakh formuvannia tsyfrovoi ekonomiky“ [Conceptual Basis for Digital Platforms Development in the Conditions of Digital Economy Formation]. Naukovi zapysky Natsionalnoho universytetu «Ostrozka akademiia». Seriia «Ekonomika», no. 14 (2019): 21-26. DOI: 10.25264/2311-5149-2019-14(42)-21-26
“Securing the future of German manufacturing industry. Recommendations for implementing the strategic initiative INDUSTRIE 4.0. Final report of the Industrie 4.0 Working Group“. https://www.acatech.de/fileadmin/user_upload/Baumstruktur_nach_Website/Acatech/root/de/Material_fuer_Sonderseiten/Industrie_4.0/Final_report__Industrie_4.0_accessible.pdf
“Industriia 4.0 - shcho tse take ta navishcho tse Ukraini“ [Industry 4.0 - What It Is and Why It Is Ukraine]. https://appau.org.ua/publications/industriya-4-0-shho-tse-take-ta-navishho-tse-ukrayini/
Voitko, S. V. “Rozvytok ekonomik krain svitu v umovakh Next Normality ta Industry 4.0“ [Development of Countries in Conditions of the Next Normality and Industry4.0]. Ekonomichnyi visnyk NTUU «KPI», no. 17 (2020): 93-104. DOI: https://doi.org/10.20535/2307-5651.17.2020.216325

 FOR AUTHORS

License Contract

Conditions of Publication

Article Requirements

Regulations on Peer-Reviewing

Publication Contract

Current Issue

Frequently asked questions

 INFORMATION

The Plan of Scientific Conferences

 OUR PARTNERS

Journal «The Problems of Economy»