Current state and prediction of the future of digitization as a part of Industry 4.0

Abstract

The world has changed as a result of the expansion of Industry 4.0. Big data, machine learning or automation and robotics dominate almost all business entities. As a result of the digital revolution, we are seeing a boom in the application of various digital techniques. To achieve profitability, eliminate losses and start-up costs, as well as to improve competitiveness, businesses implement digitization in various company processes. The aim of this paper is to map and clarify the interaction between Industry 4.0 and digitization. The result is a content analysis, with which we will point out the importance of applying the principles of digitization at a practical level. The paper reflects an examination of the current state of the digital boom and its impact on small and medium-sized companies. The main benefit of this paper is to examine and point out the current level of digitization of the surveyed business entities through our own questionnaire survey. We selected the area of digitization from the collected results, specifically five research questions were determined for the analysis, which we identified before the questionnaire survey. A questionnaire survey was also conducted in Bulgaria, Serbia and the V4 partner countries.

Systematic Review: Opportunities and Barriers to Online Marketing Caused by the Development of the Internet of Things

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Analysis of Knowledge and Implementation of Business Intelligence Solutions in Romanian SMEs

“…Today the issues that move the world, and that are studied on a large scale, are all those related to technology and business competitiveness, which is due to the gradual awareness of the importance of implementing management systems: information and communication (Barba-Sanchez, Calderón-Milán and Atienza-Sahuquillo, 2018;Domazet, Zubović and Lazić, 2018;Singh, et al, 2019). In this sense, the growing concern for business problems and solutions in terms of competitiveness and development processes, is connected to the continuous increase of specialized studies (Koprivnjak and Oberman Peterka, 2020;Zauskova, et al, 2022) that allow the creation of ideas and initiatives for the management of innovation, science and technology, as well as for the strategic business processes implemented in the different types of companies and economic sectors.…”

Relações entre promoção da Indústria 4.0 e Competências Individuais

“…A Indústria 4.0 é considerada a quarta grande reviravolta da modernidade, sendo que a primeira revolução se refere à mecanização da produção, a segunda à produção em massa e a terceira à revolução digital com o uso de equipamentos eletrônicos e Tecnologia da Informação para automatização da produção (SUNG, 2018;ZAUSKOVA et al, 2022).…”