Introduction to Digital Transformation in Era 4.0

2018 ◽  
pp. 1-26
Keyword(s):  
Complex System ◽  
Mental Models ◽  
Industry 4.0 ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Public Authorities ◽  
General Complex ◽  
Implementation Models

The robotic era currently attracts the attention of experts and professionals in the digital fields. Policymakers, leaders, scholars, and public authorities and experts have to make decisions and formulate what will be the next digital transformation. In the first chapter, the author proposes an overview of the basic technologies and digital concepts, defining Industry 4.0 and its potential as source of disruptive changes. The chapter is structured as follows. First there are the main concepts behind Industry 4.0 technologies and the characteristics of the digital technologies. Then there are conceptualized some of the unique technology elements, functionalities, and implementations, outlining their disruptive potential to outperform the existing paradigm. Finally, there are identified some general complex system applications and implementation models, focusing on their impact to transform dominant mental models and institutional bases.

scholarly journals Development of the Logistics 4.0 Concept in the Digital Economy

2020 ◽  
pp. 85-96
Author(s):  
N. Trushkina ◽  
◽  
H. Dzwigol ◽  
O. Serhieieva ◽  
Yu. Shkrygun ◽  
...  
Keyword(s):  
Big Data ◽  
Customer Service ◽  
Industry 4.0 ◽  
Business Processes ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Digital Platforms ◽  
Delivery Times ◽  
Sustainable Logistics

The transition to a digital economy is becoming a key driver of GDP growth. This is due not only to the effect obtained from the automation of existing processes, but also from the introduction of new, breakthrough business models and technologies, including digital platforms, digital ecosystems, in-depth analytics of big data, Industry 4.0, Logistics 4.0. At the same time, digital transformation is seen as a radical change in the complex of business processes, from product development to customer service, as well as the introduction of modern digital technologies in the organization of business processes in enterprises. The purpose of the article is to analysis the features and trends of organizing logistics activities in the context of digital transformation of business processes; research of the main prerequisites for the formation of the Logistics 4.0 concept; determination of priority directions for its further development in the context of Industry 4.0. Based on the generalization of scientific approaches, the definition of the concept of "Logistics 4.0" has been clarified, which means the modern paradigm of managing logistic (material, financial, information, transport) flows and organizing a complex of logistics activities (purchase and delivery of material resources, warehousing, production, stock formation, recycling of industrial waste, customer service, transportation and sale of finished products) using breakthrough digital technologies and information systems. The priority areas of organizing the logistics activities of enterprises using digital technologies include the following: multichannel logistics; logistics marketplaces; rethinking the use of packaging; mass personalization; Silver Economy (new services for older clients and new opportunities for older workers); sustainable logistics; sharing economy; multi-supply; customer experience; smart containerization; big data analytics; augmented and virtual reality; cloud service applications and APIs; Internet of Things; robotics and automation; new generation wireless communication; blockchain; Artificial Intelligence; unmanned aerial vehicles or "drones"; 3D printing; unmanned vehicles; quantum computing; supergrid logistics; space logistics; the use of digital platforms that unite customers and transport and logistics companies (the parties can enter into digital contracts, exchange transport booking requests and electronic documents, control the delivery of goods in real time). All this can help to reduce costs by optimizing procurement; decrease in personnel costs and decrease in labour costs as a result of automation; reduction of errors in logistics; optimization of the supply process; efficient warehouse management; forecasting shipments; creation of optimal routes; operational planning of loads and control of delivery times; ensuring product delivery on time, improving customer loyalty; optimal interaction with customers on the "last mile".

scholarly journals Features of implementation of the newest management concepts: regional model of modernization of administrative processes in public authorities in conditions of digital transformation of society

2020 ◽  
Vol 8 (5) ◽  
pp. 107-116
Author(s):  
Oleksandr Mazur ◽  
Oksana Sokolovska
Keyword(s):  
New Public Management ◽  
Graphical Representation ◽  
Good Governance ◽  
Digital Technologies ◽  
Regional Model ◽  
Digital Transformation ◽  
Modern World ◽  
Public Authorities ◽  
Management Concepts ◽  
The Impact

In the article emphasizes that for Ukraine in the current conditions, the desire for effective public administration necessitates the formation of a strong bureaucracy, so the administrative work of public authorities becomes a field for innovation and modernize. Emphasis is placed on the internal work of public authorities, which under the influence of the digital transformation of society requires the modernization of administrative processes taking into account digital technologies. The implementation of practices in combination with digital technologies requires research for the success of modernization in the public authorities of Ukraine, which will take into account the existing values and principles that are accepted at the international level. The article argues that in the context of digital transformation of society, public authorities of democratic countries of the modern world should a priori use in their work the principles of the newest management concepts as exemplary guidelines for action. The article provides an overview of the main provisions of the newest management concepts «New Public Management», «Good Governance», «FAST Government», «Open Government». The article considers the components of these concepts through the impact on the main levels of administrative processes taking place in public authorities. Based on the results in 2019 study of electronic readiness of Dnipropetrovsk region, a description of the regional model of modernization of administrative processes, which consists of five levels: level of infrastructure, level of interaction, level of decision support, level of access to public information and level of service provision. A graphical representation of the regional model of modernization of administrative processes in public authorities is given, indicating the impact of the latest management concepts at its level. Based on this, it is determined that the implementation of the approaches of the newest management concepts in public authorities, based on the introduction of digital technology tools, has the character of a comprehensive focus on service activities.

Directions of Development of the Mineral Fertilizer Industry in the Digital Age

2020 ◽  
Vol 9 (2) ◽  
pp. 4-11
Author(s):  
E. Kulyasova ◽  
N. Kulyasov ◽  
N. Grinev
Keyword(s):  
Industry 4.0 ◽  
Large Scale ◽  
Institutional Environment ◽  
Digital Technologies ◽  
Mineral Fertilizer ◽  
Digital Transformation ◽  
High Tech ◽  
Industrial Enterprises ◽  
Fertilizer Industry ◽  
High Level

This article is devoted to the development of a model for enhancing the development of the mineral fertilizer industry, which involves the use of a sequentially-parallel approach to implement state support measures and digital transformation of enterprises in this industry. Currently, there is a growing influence of Industry 4.0 and digital technologies on enterprises of the mineral fertilizer industry. These enterprises are of strategically important economic interest for the national economy, as they are objects whose hallmarks are their large-scale, high-tech, high level of dependence on environmental conditions. An analysis of the level of development of the mineral fertilizer industry made it possible to identify a high level of export orientation of the products of enterprises in this industry. The digital transformation of the mineral fertilizer industry is currently hampered by the one-sidedness of the adopted state programs for the development of the industry, which are based on an extensive increase in production capacities that can gradually solve the problem of physical deterioration of fixed assets, but which does not provide an effective institutional environment that stimulates the creation of innovations and the introduction of digital technologies. While the experience of leading countries indicates that the implementation of the Industry 4.0 concept, aimed at the widespread adoption of digitalization processes, can increase the organization’s innovative potential and ensure the world level of competitiveness of mineral fertilizer products. A model for enhancing the development of the mineral fertilizer industry is proposed, based on the use of a sequentially-parallel method in the development and implementation of a set of measures, the implementation of which covers all levels of management both to create and maintain a favorable innovative climate in the framework of macroeconomics as a whole, and to develop the interaction of participants in the industry level and at the level of industrial enterprises themselves.

scholarly journals Internal Startup Valuation of PT Telekomunikasi Indonesia, Tbk by applying Risk-based New Venture Valuation Technique (Case Study: Company V)

2020 ◽  
Vol 5 (1) ◽  
Author(s):  
Ghani Rais Azka ◽  
Taufik Faturohman
Keyword(s):  
Industry 4.0 ◽  
Digital Technologies ◽  
Digital Transformation ◽  
New Venture ◽  
Business Owner ◽  
Industrial Sectors ◽  
Startup Company ◽  
Valuation Process ◽  
Valuation Technique

The current industry 4.0 era is the digital transformation of industrial sectors. Every company competes to adapt digital technologies so they can continue to exist. PT Telekomunikasi Indonesia Tbk (Telkom), as the largest telecommunications company in Indonesia, began to focus on innovating. One obvious form performed by Telkom to boost innovation is establishing Amoeba (internal startup). Company V is one of the Amoeba and successfully fostered by Telkom. Company V run their business by providing a chatbot platform to help business owner leverage their communication and engagement with their customers using Bots and AI technology. As investors, Telkom needs to find out whether Company V is still eligible to remain incubated or not. Therefore it is necessary to do a valuation process for company V to provide information about what the value of company V is and how much funding should be given. The method used to solve the problem in this paper is a risk-based new venture valuation technique. The result shows that Company V is in milestone 2, with approximately the valuation is 83,16 billion IDR. If market validation is complete and normal risk is applied, the valuation of Company V will reach 568,23 billion IDR starting from year 3, month 5.

scholarly journals SOCIAL AND ECONOMIC DEVELOPMENT MODELS IN THE Digital transformation era

2019 ◽  
Vol 2 (1) ◽  
Author(s):  
Valentina Bondarenko ◽  
Ivan Aleshkovski
Keyword(s):  
Economic Development ◽  
21St Century ◽  
Industry 4.0 ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Society Business ◽  
Human System ◽  
Development Models ◽  
Digital Devices ◽  
Social And Economic Development

The article analyses development regularities of human system and investigates possible social and economic development models in the era of digital transformation. The article demonstrates that there are three models that can be applied in the conditions of Industry 4.0 technological revolution with its rapidly emerging digital devices and technology breakthroughs of the 21st century. These models are shaped in accordance with their development purposes, which can establish different relations between state, society, business, and specific individuals. The authors convincingly show that there is only one model capable of providing sustainable development and creating a new model for economic development, which corresponds to digital technologies of the 21st century.

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 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 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 Industry 4.0 and BIM: Do They Share the Same Objectives?

2021 ◽  
pp. 412-418
Author(s):  
Laurent Joblot ◽  
Christophe Danjou ◽  
Robert Pellerin ◽  
Samir Lamouri
Keyword(s):  
Industry 4.0 ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Construction Sector ◽  
The Past ◽  
Technological Developments ◽  
Shed Light ◽  
Scientific Advances

AbstractIn recent years, many changes have been taking place within the construction sector which is much more prone to innovate than in the past. New forms of processes are emerging with the introduction of digital technologies. This article aims to shed light on recent scientific advances that link Industry 4.0 to this sector. To this end, a review of articles published over the past 10 years reporting experiences and gains from 4.0 technologies applied to construction was conducted. It turns out that recent technological developments have brought new functionalities and new perspectives to companies. Some of these were not initially claimed with the sole deployment of a BIM approach. These new opportunities have ultimately raised questions as to whether and how they could impact the speed at which a digital transformation of the sector could take place.

scholarly journals DIGITAL TRANSFORMATIONS IN THE CONDITIONS OF INDUSTRY 4.0 DEVELOPMENT

2021 ◽  
Vol 3 (38) ◽  
pp. 420-426
Author(s):  
O. Savytska ◽  
V. Salabai
Keyword(s):  
Industry 4.0 ◽  
Business Models ◽  
Business Processes ◽  
Industrial Revolution ◽  
Digital Technologies ◽  
Digital Transformation ◽  
Cloud Services ◽  
Gradual Transition ◽  
Business Entities ◽  
Definition Of

Abstract. The article considers and analyzes the importance and main scientific approaches to determining the essence of digital transformation in the conditions of Industry 4.0 development. The opinions of domestic and foreign scientists on the definition of the essence of this concept are presented and it is determined that digitalization has an important role in the activities of modern enterprises. The definition of «digitalization» is proposed, that means the process of transition to digital business, which is the use of digital technologies to change business processes in the company and provide new opportunities for additional income and development prospects of business entities. It is determined that digitalization is a very popular and necessary process of transition to new business models in the activities of companies. The essence of the category «Industry 4.0» is considered and the main technologies and tools that contribute to the gradual transition to digitalization are presented. It is noted that Industry 4.0 is part and a leading trend of the Fourth Industrial Revolution. It is investigated that the transition to Industry 4.0 using digital tools is quite a trend, as these key technologies such as IoT, Big Data, cloud services, artificial intelligence today play a key role in the process of digitalization of companies. The main recommendations for adapting the business to digital transformations are given. The key directions of the development of digital technologies of Industry 4.0 are considered and presented. The industries that need digital transformation and those areas of business that are actively implementing digital products in their activities are identified. It was also found that the use of digitalization processes allows companies to optimize existing business models, gain new opportunities for business development, expand the scope of activities, and have tools to increase their efficiency and competitiveness. Keywords: digital transformation, digitalization­, digital technologies, Industry 4.0. JEL Classification O39, O33 Formulas: 0; tabl.: 1; fig.: 2; bibl.: 16.

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