The impact of Industry 4.0 on the selected macroeconomic indicators in Slovak Republic, Germany, the USA and Japan

Habánik, Jozef; Grenčíková, Adriana; Krajčo, Karol

doi:10.14254/2071-8330.2021/14-2/2

Cited by 9 publications

(5 citation statements)

References 8 publications

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“…Another study, examining different selected economic indicators over the same time, points to the development of GDP in connection with the share of university-educated workers. It is concluded that Industry 4.0 initiative in Slovakia raises greater need to increase educational potential of employees, even with the expected future increase in staff qualification requirements, unlike developed countries like Germany or Japan, where the share of university-educated workers have been rising for several years now (Habánik et al, 2021).…”

Section: Discussion Of Resultsmentioning

confidence: 99%

Is Industry 4.0 a Revolutionary or Evolutionary Change? Analysis of Chosen Economic Indicators for Slovak and Czech Economy

Marinič¹

2022

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Since Industry 4.0 has emerged, it has provoked discussions among managers, politicians, educators, workers, and the wide public. Involvement of new technologies into production process, but also rapid development of information and communication technologies, is associated with this concept. These tendencies are a source of concern for workers in the labor market, as Industry 4.0 initiative is seen as a revolutionary change in the production process instead of an evolutionary economic development, especially with positive impact on labor productivity. This concept of Industry 4.0 is used for the analysis of selected economic indicators in the conditions of Slovak and Czech economy from 1995 to 2018, for the analysis of development in all sectors together, but also in individual sectors separately. The results confirm the assumption of a rather evolutionary approach to the economic development, which, after the period of economic transformation, indicates continual investments in technological equipment with new technologies as well, rising productivity and wages, accompanied by increase in number of workers and decrease in hours worked per employee, than a revolutionary change due to implementation of Industry 4.0 initiative. However, the results also point to different developments across sectors.

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Section: Discussion Of Resultsmentioning

confidence: 99%

Is Industry 4.0 a Revolutionary or Evolutionary Change? Analysis of Chosen Economic Indicators for Slovak and Czech Economy

Marinič¹

2022

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“…The study marks the transport sector as crucial in the current economic situation. Honkova adds [88] that the transport sector plays a significant role in ensuring competitiveness and sustainable economic growth in Europe.…”

Section: Discussionmentioning

confidence: 99%

Industry 4.0: Marvels in Profitability in the Transport Sector

Bugaj,

Durana,

Blazek

et al. 2023

Mathematics

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Despite the COVID-19 pandemic, the current era offers the ultimate possibility for prosperous corporate life, especially in the transport sector. Industry 4.0 covers artificial intelligence, big data, or industrial IoT, and thus spatial cognition algorithms, traffic flow prediction, autonomous vehicles, and smart sustainable mobility are not far away. The mentioned tools have already been implemented by enterprises in emerging countries. This exploration focused on transportation within the V4 region from 2016–2021. This article aims to confirm the positive sequel of applying Industry 4.0 to chosen indicators of profitability. The positive, negative, or no shift in the development of 534 businesses was based on Pettitt’s test. The Pearson chi-square test disclosed the significant dependency between Industry 4.0 and shifts in profitability ratios. Then, more than 25% of enterprises involved in Industry 4.0 had positive shifts in ROA, ROC, ROS, and ROR. The research proved not only its balanced effect but also its augmented force through the z-test of proportion. This investigation may provide multiple proofs for connected sectors with transportation to adapt the tools of Industry 4.0 and deliver the call for the governments in the V4 region to make this tool more achievable.

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“…In higher educational institutions of the US, Slovakia, Germany, and Japan, the University 4.0 model is in great demand due to its notable influence on learning effectiveness. Another reason for it to become so popular lies in that it is based on an interdisciplinary approach and relies upon the development of professional competencies using the latest interactive technologies, which increases students' learning motivation [51]. On the other hand, University 4.0 model still has prospects for growth.…”

Section: Discussionmentioning

confidence: 99%

Pedagogical Model for Raising Students’ Readiness for the Transition to University 4.0

2022

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The study goal was to analyze the impact of using modern technologies and pedagogical innovations based on the University 4.0 model on the educational process effectiveness, the development of professional competencies (in humanities and engineering) and skills in students (abstract-logical thinking, critical thinking, strategic thinking, imagination, creativity, motivation), and learners’ readiness and motivation to shift to University 4.0. The experiment was conducted in the Al-Farabi Kazakh National University among 464 undergraduate students of different academic years. All the study respondents were distributed into two groups, one of which did not change the training program (control group), and the other studied under the program grounded on the University 4.0 model using modern technologies (experimental group). According to the results of the survey addressed to the students of both groups after the experiment ended, the indicators for all parameters were higher among the individuals of the experimental group. The practical significance of the results obtained and further research prospects are in the possibility of using the developed training program in different universities and departments worldwide to compare both students’ readiness for the transition to University 4.0 and the program’s impact on educational outcomes.

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The impact of Industry 4.0 on the selected macroeconomic indicators in Slovak Republic, Germany, the USA and Japan

Cited by 9 publications

References 8 publications

Is Industry 4.0 a Revolutionary or Evolutionary Change? Analysis of Chosen Economic Indicators for Slovak and Czech Economy

Is Industry 4.0 a Revolutionary or Evolutionary Change? Analysis of Chosen Economic Indicators for Slovak and Czech Economy

Industry 4.0: Marvels in Profitability in the Transport Sector

Pedagogical Model for Raising Students’ Readiness for the Transition to University 4.0

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