Digital transformation of business during the Fourth Industrial Revolution

V. I. Khabarov () and K. V. Lukashin ()

Entrepreneur’s Guide, 2023, vol. 16, issue 1

Abstract: The introduction of innovative technologies, optimization of output and fundamental changes in the industrial sphere force manufacturing enterprises to find the latest sources of development and increase productivity. It is necessary to transform business processes, change the value chain and change competitive, innovative and operational strategies for business development, which will significantly accelerate the development and implementation of innovative technologies.This paper analyzes the relations formed as a result of the creation and implementation of technological innovations, the definition of innovative behavior of manufacturing companies according to the concept of Industry 4.0.

Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:ahc:journl:y:2023:id:1677

DOI: 10.24182/2073-9885-2023-16-1-11-16

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