scholarly journals INDUSTRY 4.0: FEATURES OF UKRAINE’S DIGITAL TRANSFORMATION

2021 ◽  
Vol 71 (3) ◽  
Author(s):  
Alina Chaikina
Keyword(s):  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Developed Countries ◽  
Digital Transformation ◽  
Automated Guided Vehicles ◽  
Added Value ◽  
Blockchain Technology ◽  
The World

It was examined in the article peculiarities of the Industry 4.0 introduction in Ukraine, in particular, it was revealed that there are new approaches to the economies functioning, taking into account processes of globalization, development of science and technology. It was determined that the global pandemic caused by COVID-19 and changes in the political, economic, social, environmental, and other spheres are accelerating the process of digitalization. The author analyzed the National strategy of Industry 4.0 and proposed key areas for implementing the concept of Industry 4.0 in Ukraine using the experience of developed countries. Factors that hinder the process of our country’s economic digitalization were identified in the article. A study of world rankings on digital transformation was conducted in order to identify the place of Ukraine in this process, in particular: “The Global Competitiveness Report 2019”, which reflects the competitiveness between countries in the Fourth Industrial Revolution; “Global Digital Readiness Index 2019”; “The Digital Network Index 2020” (Accelerating Digital Transformation in a Post-COVID Global Economy). Research has shown that our country lags behind the developed countries of the world that actively implement Industry 4.0. Author identified the most common digital technologies used in the world: 3D printing, Internet 5G, Artificial Intelligence, augmented reality, automated Guided Vehicles, blockchain technology, cloud technology, Cobot, cybersecurity, Digital Twin, drones, IoT, and IoT platforms, quantum computing, and virtual reality. The regions – world leaders in the introduction of digital technologies and companies that ensure the development of science, technology, further digitalization of their own activities were analyzed. Accordingly, prospects for further research are developing mechanisms to improve implementation of Industry 4.0 at Ukrainian enterprises, as they provide innovative changes in the economy, conduct R&D, create added value, and fill the region's budget and country. Digital transformation of enterprises will allow them to gain new competitive advantages, enter international markets, and ultimately turn our country into a highly industrialized country with a digital economy.

scholarly journals Development trends of the current global economy

2020 ◽  
pp. 23-26
Author(s):  
Viktoriia DERHACHOVA ◽  
Viktoriia HOLIUK ◽  
Oleksandr ZGHUROVSKYI
Keyword(s):  
Developing Countries ◽  
Economic Development ◽  
Global Economy ◽  
Industrial Revolution ◽  
Developed Countries ◽  
World Market ◽  
Economic Convergence ◽  
African Countries ◽  
Current Trends ◽  
The World

Nowadays modern economics is going through a lot of changes, that makes Ukrainian businessmen track its all current trends to support the necessary level of competitiveness on the world market. The purpose of the paper is to research the current trends of the global economy and identify its prospects. The study has brought the following results. The authors identified that among the most significant trends that determine the future of the global economy are the following: economic convergence, globalization, changes in the ranking of economic growth leaders in favor of Asian countries, the growth of cryptocurrency markets, constant growth of the global debt, changes in the demographic map in favor of African countries. China, which has been considered to be the major driver of global economic development for the last decade, will gradually lose its positions to India. The article points out that today we can observe a phenomenon of economic convergence, which approximates level of economic development of different countries through faster growth rates of gross domestic products in developing countries compared to developed countries. The main causes of economic convergence include globalization, which has contributed to the spread of know-how, decline in the working-age population in developed countries compared to the rest of the world, increase in labor productivity in developing countries, and redistribution of the labor force of these countries toward higher productivity sectors. The study identifies the prospects for modifying the economic map of the world based on the following factors: increase in the rate of development of Asian economies, population growth and urbanization of certain countries in Asia and Africa, slowdown in the economic development of developed countries and the aging of European nations. The article identifies that all of these trends take place in the framework of the fourth industrial revolution, which largely determines these changes, shaping the sectoral and geographical structure of the global economic development and employment.

Emergence of Industry 4.0 Technologies

2021 ◽  
pp. 560-589
Author(s):  
Leyla A. Gamidullaeva ◽  
Sergey M. Vasin ◽  
Elena V. Shkarupeta ◽  
Tatyana O. Tolstykh ◽  
Alexey G. Finogeev ◽  
...  
Keyword(s):  
Russian Federation ◽  
Value Chain ◽  
Industry 4.0 ◽  
Digital Technologies ◽  
Developed Countries ◽  
Modern World ◽  
The World ◽  
The Russian Federation ◽  
Simply Connected

Innovations in the modern world are not simply connected with the opportunities of digital technologies but also largely based on them. This is exactly why the full-fledged successive industrial sector's digitization will become a platform for qualitative changes of the economy and long-term opportunities. Thus, the transition to digital technologies is inevitable, but from another perspective, this very transition cannot be the absolute goal. In this chapter, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This chapter mainly focuses on presenting the authors' views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation gets a bigger share of the world manufacturing value chain.

scholarly journals The Position of Industry 4.0 in the Worldwide Logistics Chains

2018 ◽  
Vol 9 (1) ◽  
pp. 18-23 ◽  
Author(s):  
Bibiana Bukova ◽  
Eva Brumercikova ◽  
Lenka Cerna ◽  
Pawel Drozdziel
Keyword(s):  
Information And Communication Technologies ◽  
Industry 4.0 ◽  
Global Economy ◽  
Industrial Revolution ◽  
Communication Technologies ◽  
Added Value ◽  
New Information ◽  
Information And Communication ◽  
Basic Production ◽  
Definition Of

Abstract Optimisation and stimulation of production, digital business, the fourth industrial revolution - this is how the current global economy is perceived. Continuous development of new information and communication technologies, economic globalisation, integration of financial markets, growing pressure on boosting higher added value, just as well as the ever- increasing differentiation of demand schemes became a challenge for the global economy. The article elaborates on the implementation of Industry 4.0 in the logistics, logistic chains as well as use of the Industry 4.0 in logistics. The article includes a new definition of logistics due to the Industry 4.0, which extends the basic production factors by a new term - „information“.

scholarly journals Digital Economy: Problems and Prospects of Development in Ukraine

2019 ◽  
Vol 8 (3C) ◽  
pp. 226-229 ◽  
Keyword(s):  
Developing Countries ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
World Market ◽  
Digital Economy ◽  
Added Value ◽  
Daunting Task ◽  
The World ◽  
Challenges And Opportunities ◽  
Technical Issues

This paper aims to analyze the challenges and opportunities that are facing developing countries in the process of creating the digital economy. Digital economy is characterized by high added value, faced with numerous obstacles, many developing countries cannot adequately respond to the demands of the digital economy. The digital economy is also referred to as the Internet Economy, New Economy, or Web Economy. The largest players in the world market are digital economy companies – Apple, Google, Microsoft, Amazon and others, which are among the most expensive companies in the world in terms of market capitalization. The Fourth Industrial Revolution is rapidly driving transformational disruption across every sector. An estimated 70% of new value created in the economy over the next decade will be based on digitally enabled platforms. Digital technologies should be a driving force for innovations in the Ukrainian economic system. Digitalization of the economy and life spheres will create new jobs, make Ukrainian business more competitive and less resource oriented, attract new investors. Digital transformation is a daunting task. Countries that have reached the highest level of digital maturity have had to deal with complex cultural, organizational, and technical issues, and only counting of all these factors have made these transformations successful. The widespread use of digital technologies, extensive digital infrastructures are contributing to the economy digitization.

scholarly journals Towards the Development of Digital Manufacturing Ecosystems for Sustainable Performance: Learning from the Past Two Decades of Research

Energies ◽  
2021 ◽  
Vol 14 (10) ◽  
pp. 2945
Author(s):  
Abdulrazak F. Shahatha Al-Mashhadani ◽  
Muhammad Imran Qureshi ◽  
Sanil S. Hishan ◽  
Mohd Shamsuri Md Saad ◽  
Yamunah Vaicondam ◽  
...  
Keyword(s):  
Systematic Review ◽  
Performance Management ◽  
Collaborative Research ◽  
Manufacturing Systems ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Developed Countries ◽  
Digital Transformation ◽  
Digital Manufacturing ◽  
Manufacturing Processes

Although the Internet of Things (IoT), advanced manufacturing technologies, and cloud manufacturing contribute to developing a digital manufacturing ecosystem that enhances energy efficiency and resource utilization, manufacturing processes are vulnerable to timely production and delivery. The digital manufacturing systems in Industrial Revolution 4.0 (IR 4.0) minimized the human-technology interactions to foster productivity and material flow. However, there is scarce research to gauge the efficiency of these digital technologies in the entire manufacturing process; also, little is known about the collaborative efforts among countries to achieve sustainable manufacturing performance through the digitalization of the production process. Thus, this systematic review aimed to highlight the effectiveness of the digital manufacturing systems for sustainable product development and the collaborative research on the subject. We selected 52 research articles for this review by following the 2015 Preferred Reporting Items for Systematic Review and Meta-Analysis Protocols (PRISMA) statement. The literature classifications were developed using text frequency algorithms in VOSviewer (Centre for Science and Technology Studies, Leiden University, The Netherlands) Results exposed literature from 2005 to 2020 can be categorized into four major research streams: digital transformation, digital manufacturing ecosystem, performance management, and sustainability. The study’s findings revealed that the manufacturing processes are moving towards the IoT, digital devices, and smart factories that are entirely dependent on digital technologies. The digital manufacturing ecosystem is dependent on the availability of digital technologies to all stakeholders. The study concluded that digital technologies are improving manufacturing efficiency and process effectiveness. However, this requires infrastructure that primarily available in developed countries; thus, the digital transformation in underdeveloped regions is deliberate and requires more collaborative research.

Emergence of Industry 4.0 Technologies

2019 ◽  
pp. 270-299
Author(s):  
Leyla A. Gamidullaeva ◽  
Sergey M. Vasin ◽  
Elena V. Shkarupeta ◽  
Tatyana O. Tolstykh ◽  
Alexey G. Finogeev ◽  
...  
Keyword(s):  
Russian Federation ◽  
Value Chain ◽  
Industry 4.0 ◽  
Digital Technologies ◽  
Developed Countries ◽  
Modern World ◽  
The World ◽  
The Russian Federation ◽  
Simply Connected

Innovations in the modern world are not simply connected with the opportunities of digital technologies but also largely based on them. This is exactly why the full-fledged successive industrial sector's digitization will become a platform for qualitative changes of the economy and long-term opportunities. Thus, the transition to digital technologies is inevitable, but from another perspective, this very transition cannot be the absolute goal. In this chapter, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This chapter mainly focuses on presenting the authors' views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation gets a bigger share of the world manufacturing value chain.

Digitalization and its Strategic Implications for the Multinational Enterprise

2020 ◽  
pp. 373-400
Author(s):  
Pinar Ozcan ◽  
Basak Yakis-Douglas
Keyword(s):  
Industry 4.0 ◽  
Multinational Enterprises ◽  
Industrial Revolution ◽  
Multinational Enterprise ◽  
Digital Technologies ◽  
New Economy ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Fourth Industrial Revolution ◽  
Digital Or

We have a diverse set of descriptions referred to as the “fourth industrial revolution”, Industry 4.0, or the “digital” or “new economy”, indicating that there is a seismic shift under way. Due to digital transformation arising from the combined effect of several digital technologies including IoT, 5G, cloud, blockchain, big data and artificial intelligence, companies today are being transformed, and for many, this transformation comes in ways that they have not experienced before. This may mean that firms entering new markets with digital technologies may be less dependent on mediators and be able to control the delivery of their products or services, while new entrants are likely to gain advantages from exploiting digital platforms. The chapter lays out how the classic principles of international competitive strategy are transformed in today’s markets due to digitalization and provides suggestions in terms of how firms, and particularly multinational enterprises (MNEs), can respond to these transformations.

scholarly journals Digital Transformation Modelling in the Context of Slowbalization

2021 ◽  
Vol 100 ◽  
pp. 01003
Author(s):  
Iluta Arbidane ◽  
Hanna Purii ◽  
Abdukhakim Mamanazarov ◽  
Serhii Hushko ◽  
Volodymyr Kulishov
Keyword(s):  
Industry 4.0 ◽  
Structural Changes ◽  
Industrial Revolution ◽  
Digital Transformation ◽  
Priority Areas ◽  
Fourth Industrial Revolution ◽  
The World ◽  
Increment Rate ◽  
National Economies ◽  
Positive Results

The article studies modern concepts and theories of digital transformation of society, analyzes structural changes in the economy during the fourth industrial revolution, presents different views of experts on the expected positive results of Industry 4.0 in the context of globalization. The authors suggest models and correlate increment rate dynamics with the information globalization index in the world and individual countries, and identify trends in the development of digital transformation in the context of slowbalization. The study considers possible consequences and risks of Industry 4.0 and ways to level them, outlines the priority areas of digital transformation to ensure high competitiveness of national economies in the period of slowbalization.

scholarly journals Digital transformation in oil and gas companies - A case study of Bien Dong POC

2020 ◽  
Vol 10 ◽  
pp. 67-78
Author(s):  
Tran Vu Tung ◽  
Tran Ngoc Trung ◽  
Ngo Huu Hai ◽  
Nguyen Thanh Tinh
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Oil And Gas ◽  
Digital Technologies ◽  
Development Trend ◽  
Operational Reliability ◽  
Digital Transformation ◽  
Economic Life ◽  
Strong Impact ◽  
Oil And Gas Companies

The fourth industrial revolution (Industry 4.0) with the breakthrough of internet and artificial intelligence has had a strong impact, changing all aspects of global socio-economic life. Digital transformation in the spread of Industry 4.0 is no longer a choice but has become an inevitable development trend for businesses to truly stand up to the times. Digital transformation is the transformation of business activities, processes, products, and models to fully leverage the opportunities of digital technologies, characterised by development, growth, innovation, and disruption. In particular, "digital disruption" is the situation when new technology competes with the traditional business way that we now often refer to under the concepts of cloud computing, big data, and internet of things (IoT). This competition will help businesses utilise digitised data and processes to create a new model that is more efficient and convenient. Digital technologies in oil and gas companies can have a significant business impact as it contributes to increasing hydrocarbon recovery, ensuring safety across the business ecosystem, and improving operational reliability. This paper addresses the oil and gas industry’s trends in digital transformation and the initiatives at Bien Dong POC.

scholarly journals Implementation of innovative digital technologies in the world

2020 ◽  
Vol 186 (11-12) ◽  
pp. 28-35
Author(s):  
Irina Ershova ◽  
◽  
Anna Obukhova ◽  
Olga Belyaeva ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Digital Technologies ◽  
Developed Countries ◽  
Digital Economy ◽  
Digital Transformation ◽  
Development Level ◽  
Global Innovation ◽  
The World ◽  
Global Economic Growth

The authors define the goals of digital transformation of countries, highlight the main distinctive elements of their digitalization and classify factors that affect the speed of digital transformation. They assess the development level of digital economy in Russia, Ukraine and developed countries in 2007-2020 according to the International Digital Economy and Society Index (I-DESI) and the Global Innovation Index (GII). The authors provide information about changes in the ranking of individual countries according to the GII and identify top ten countries in each group. The authors compare the most popular innovative technological trends, present the expected payback periods for investments in digital solutions in Russia and the world and determine the barriers that hinder the development of digitalization in the countries and companies. The conducted analysis shows that against the background of a significant slowdown in the global economic growth, there are concerns about a reduction in R&D, venture capital and intellectual property.

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