Industrial Policy: A New Reality in the Context of Digital Transformation of the Economy

Романова, О. А.; Kuzmin, Evgeny

doi:10.1007/978-3-030-73261-5_2

Cited by 11 publications

(4 citation statements)

References 26 publications

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“…Kagermann and Helbig (2013) Fedushko, Ustyianovych, Syerov&Peracek (2020) aired their opinion on this and stated that with the incorporation of digital networks, ICT and on-line technologies, dynamism with flexibility in the structure of internal networks gets introduced into the economic systems. Romanova and Kuzmin (2021) agreed that new technological system allows for quick and easy adaptation to environmental and market situation changes and disruption. Sukhodolov (2019) also concurred that the birth of industry 4.0 came after discovering new technologies such as the internet and digital networks; without the interface of human effort, these technologies process automatically.…”

Section: Literature Reviewmentioning

confidence: 99%

Industry 4.0 Technology Adoption and Market Scalability of Small and Medium Enterprises in Southwest, Nigeria

Adeniyi,

Adeeko

2024

IJBMR

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The study examined the relationship between i4.0 technology adoption and market scalability of small and medium enterprises in Southwest, Nigeria. The objectives of the study are to; examine the level of awareness of small and medium entrepreneurs of i4.0 technology in Southwest, Nigeria, evaluate the challenges of adoption of i4.0 technology by small and medium entrepreneurs in Southwest, Nigeria, determine the facilities required for the adoption of i4.0 technology by small and medium entrepreneurs in Southwest, Nigeria. The study adopted the descriptive research design of the survey type. Multistage sampling techniques was used to select the samples of one thousand two hundred (1,200) respondents from the owners of MSMEs in Southwest, Nigeria. Structure questionnaire was used to collect data from the respondents. Data collected were analyzed using descriptive statistics, while regression analysis was used to test the hypotheses. Findings of the study revealed that, majority of the small and medium entrepreneurs do not awareness about i4.0 technology in Southwest, Nigeria, the challenges identified as the problem confronting the adoption of i4.0 technology in Southwest Nigeria, which are lack of expertise about i4.0 technology, financial challenges, unstable power supply. The study concluded that, there is significant relationship between i4.0 technology adoption and number of markets covered by small and medium enterprises in Southwest, Nigeria; Based on the findings of this study, it therefore recommended that, owners of MSMEs in Southwest, Nigeria should embrace the adoption of i4.0 technology to increase their profitability.

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Section: Literature Reviewmentioning

confidence: 99%

Industry 4.0 Technology Adoption and Market Scalability of Small and Medium Enterprises in Southwest, Nigeria

Adeniyi,

Adeeko

2024

IJBMR

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“…Half of the industrial enterprises in Germany are involved in this concept, and by 2030, German enterprises should operate on the internet industry system (Pozdnyakova et al 2019). Romanova and Kuzmin (2021) claim that Industry 4.0 is based on cyber-physical systems, the Internet of Things, 3D printing and networks. We know 4 groups of important technological systems: digital technologies, advanced materials, biotechnologies and technologies focused on environmental protection and new energy.…”

Section: Literature Reviewmentioning

confidence: 99%

“…Economic systems are being transformed into dynamic network systems with a flexible structure of internal relations thanks to ICT (Fedushko et al 2020), digital platforms and digital technologies. Systems can respond promptly to changes in the environment and disruption, which allows the company to adapt to the current market situation with new technologies (Romanova and Kuzmin 2021). Industry 4.0 arose as a result of the discovery of new technologies-digital and Internet.…”

Section: Literature Reviewmentioning

confidence: 99%

Impact of Industry 4.0 on Companies: Value Chain Model Analysis

Kohnová

Salajová

2023

Administrative Sciences

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Although the concept of Industry 4.0 is newer, more and more companies are responding to this concept and incorporating it into their business models. Industry 4.0 arose as a result of the development of new technologies based on automation, through which technologies can communicate with each other. The aim of this study is to analyze the impact of Industry 4.0 on companies from the point of view of the value chain model. The study points out why the model is a suitable tool for evaluating changes. The research consisted of 1164 respondents, while the sample consisted of 591 Czech companies and 573 Slovak companies. We found that 62% of companies carry out activities in the field of robotization and automation to a large extent, and 32% carry out these activities little or not at all. Regarding the impact of Industry 4.0 on individual activities in the value chain, we found that companies expect the greatest impact on technological development (secondary activity) and customer service (primary activity). On the contrary, they least expect the impact of Industry 4.0 in the primary activities of input logistics and operation. From this point of view, we can say that companies perceive the impact of Industry 4.0 on the activities taking place in their value chains. However, it is important to capture these changes, react appropriately to them and remain competitive.

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“…Due to the existential threat of climate change [2], IT has also become the main driver of the sustainable development of economic systems, innovation within economic systems, and acceleration of economic growth [1,3,4]. This phenomenon is conceptualised as the 'digital economy' and is increasingly widespread throughout the world [5][6][7]. Studies show that the digital economy can lead to inclusive and sustainable growth, increase total factor productivity, improve consumer experiences, reduce carbon emissions, promote a greener economy, increase profit for firms, and extend government services to people who need them [8][9][10].…”

Section: Introductionmentioning

confidence: 99%

Socio-Cultural Factors and Components of the Digital Economy in Ethnic Minority Regions

Vlasov,

Polbitsyn,

Olumekor

et al. 2024

Sustainability

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We define the digital economy as all economic activities conducted through the use of information technologies, including activities to create new markets, expand old ones, and produce digital goods and services. The digital economy has become a major driver of sustainable development and the transition towards a greener economy. However, studies show an unequal level of progress among cities, regions, and countries. Consequently, this paper explores the associations between socio-cultural factors (such as attitudes towards marriage/raising a family) and components of the digital economy (such as expenses/investment in ICT and the proportion of personal computers and the Internet in households). This study specifically examines twenty-two ethnic minority regions in Russia with data covering a five-year period. Using the Pearson correlation coefficient, the results show that socio-cultural factors including a large urban population and high divorce rates were positively associated with the digital economy, whereas a large rural population, higher birth rates, and higher natural population growth were negatively correlated with the digital economy.

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Industrial Policy: A New Reality in the Context of Digital Transformation of the Economy

Cited by 11 publications

References 26 publications

Industry 4.0 Technology Adoption and Market Scalability of Small and Medium Enterprises in Southwest, Nigeria

Industry 4.0 Technology Adoption and Market Scalability of Small and Medium Enterprises in Southwest, Nigeria

Impact of Industry 4.0 on Companies: Value Chain Model Analysis

Socio-Cultural Factors and Components of the Digital Economy in Ethnic Minority Regions

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