Industry 4.0: Technologies and their impact on productivity of industrial companies

I. V. Tarasov ()

Strategic decisions and risk management, 2018, issue 2

Abstract: The idea of the fourth technological revolution on the one hand is conceptual as formulates understanding of occurring changes, on the other hand, institutional, so creates the base for a number of the political initiatives developed and supported by the state and business for development of a research and development program. In article questions are considered:• Where the third industrial revolution comes to an end and the fourth begins?• What distinctive features and elements characterize "the industry 4.0"?• What changes expect an industry and the enterprise? the main characteristics of industrial production carry are: • digitalization and vertical integration on a value creation chain; digitalization and horizontal integration of several chains of value creation; • digitalization of products and services; • digital business models and access of clients; • the developed technological platform. The analysis of influence of the technologies characterizing the fourth industrial revolution on increase of productivity of the industrial companies is carried out. Application of the specified technologies not only allows to reduce number of unplanned shutdowns of the equipment considerably; time spent for jet, emergency work; but thus to increase time spent for pro-active, preventive maintenance. Besides, transformation of industrial production affects business-models of the industrial companies. The carried-out analysis of cases, allowed to allocate three new models of the organization of plants: the clever automated plants, the plants focused on the client, and mobile plants.

Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:abw:journl:y:2018:id:772

DOI: 10.17747/2078-8886-2018-2-62-69

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