Impact of Industry 4.0 on business studies

Margarita Išoraitė (), Gintarė Gulevičiūtė () and Nikolaj Ambrusevič ()
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Margarita Išoraitė: Vilniaus kolegija / Higher Education Institution, Lithuania
Gintarė Gulevičiūtė: Vilniaus kolegija / Higher Education Institution, Lithuania
Nikolaj Ambrusevič: Vilniaus kolegija / Higher Education Institution, Lithuania

Entrepreneurship and Sustainability Issues, 2022, vol. 9, issue 3, 64-75

Abstract: The purpose of this paper is to investigate the methods and peculiarities of Industry 4.0 in developing business studies at the University of Applied Sciences. State-of-the-art technologies such as cloud computing, additive manufacturing, advanced robotics, augmented/ virtual reality, big data analysis and artificial intelligence are applying their concepts in higher education in order to meet the specific needs of each learner with acquired competencies in higher education. This paper analyses the scientific literature of Industry 4.0 and related topics, presents the empirical study which is focused on analysis of the learners’ expectations and University of Applied Sciences curriculum. It shows that many students are willing to enroll in new technological courses. The quantitative study is presenting the main novelty of the research and is intended to create recommendations of how to incorporate Industry 4.0 elements in developing business studies at the University of Applied Sciences. Those practical implications could be useful for higher education institutions and are focused on practical value.

Keywords: Industry 4.0; Internet of Things; Education 4.0; Robotics; Big Data (search for similar items in EconPapers)
JEL-codes: A20 A22 C40 C83 I21 L80 M20 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:9:y:2022:i:3:p:64-75

DOI: 10.9770/jesi.2021.9.3(4)

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