“…As a consequence, I4.0 is expected to lead to new business opportunities and models, automatization of business-processes, development of new products and services, higher quality, real-time enabled CPS, development of smart factories and knowledge economy (Bogoviz, 2019;Motyl et al, 2017). Particularly, knowledge economy is associated with entrepreneurship growth and innovative development of socioeconomic systems (Bogoviz, 2019). Within the social context, the core of I4.0 prioritizes the future challenges relative to prosperity and quality of life, consolidation of resources, and promotion of innovation transfer and networking (Mogos et al, 2018).…”