FEATURES AND PROBLEMS OF INDUSTRY 4.0 IMPLEMENTATION IN UKRAINE

Keywords: strategy, Industry 4.0, innovation, industrial revolution, digitalization, projects, automated production

Abstract

Every year, digital transformation occupies an increasingly important place in our lives. In 2021, the issue of digitalization of the economy is quite acute among the key priorities of the country's strategic and economic development. Digitalization penetrates almost all areas of industry and services, makes irreversible changes in the management of companies, improving their financial and economic activities and making them more flexible and competitive in the market. It is the use of powerful software, hardware and digital tools that forms the company's competitive advantages in the market. Digitalization opens up many new opportunities for organizations to further develop effectively and is an effective mechanism for implementing positive changes in companies. Therefore, the processes of digitalization are quite relevant and require more thorough research in modern conditions. In the process of writing the article, the following scientific methods were used: methods of analysis and synthesis, method of generalization of research results, etc.methods of the theory of knowledge, which helped to consider and characterize the essence, significance and features of the digital transformation process in Ukrainian enterprises. The article is devoted to topical issues of the implementation of «Industry 4.0» in Ukraine. The global recognition of the advantages of the «Industry 4.0» concept makes it necessary to analyze the experience of implementing «Industry 4.0» technologies in the activities of domestic enterprises, as well as determine the possibilities of transition of the national economy to «Industry 4.0». The article defines the features and problematic aspects of implementing and developing the «Industry 4.0» strategy in Ukraine. The article analyzes the opportunities that allow «Industry 4.0» technologies to be implemented at Ukrainian enterprises. Leaders among innovative companies in Ukraine have been identified. The article describes the introduction and development of «Industry 4.0» in Ukraine in various fields of activity, in particular, in the energy, retail, agro-industrial complex, finance, construction, pharmaceuticals, transport and logistics, mechanical engineering, and examines the likely consequences of the development of «Industry 4.0» in Ukraine.

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Published
2021-10-26
How to Cite
Dzhafarova, E., & Karpenko, M. (2021). FEATURES AND PROBLEMS OF INDUSTRY 4.0 IMPLEMENTATION IN UKRAINE. Economy and Society, (32). https://doi.org/10.32782/2524-0072/2021-32-19
Section
ECONOMICS