Modern Digital Technologies of Industry 4.0

Maciej Siemieniak

European Research Studies Journal, 2021, vol. XXIV, issue Special 2 - Part 3, 680-696

Abstract: Purpose: The paper presents a brief description of the most important technologies creating a new reality. Design/Methodology/Approach: The origin of the concept of Industry 4.0 and its basic recommendations for implementations, which are to lead to the achievement of the so-called smart industry was explained in the paper. The definition of this concept is presented in a descriptive way as a vision, a future state that will be shaped by changes in technique, technology, and organization. Findings: The information and communication technology presented in the article and the applications used in smart industry allowed to create an overall picture of the way all major digital technologies work and interact. Practical Implications: The knowledge can be used as a background for further theoretical research and as a guideline for managers making decisions on Industry 4.0 implementation. Originality / Value: A brief description of all industrial revolutions is the background to present the most important technologies characteristic of the fourth industrial revolution.

Keywords: Industry 4.0; industrial revolutions; digital technologies. (search for similar items in EconPapers)
JEL-codes: D24 M2 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ers:journl:v:xxiv:y:2021:i:special2-part3:p:680-696

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