Technological and Innovative Development Interconnection in the Conditions of Product Digitalization

Abstract

Modern industry is facing the next round of the industrial revolution or Industry 4.0. This collision is expressed in a significant change in the applied technologies of doing business and, first of all, in the production process. Large enterprises around the world are actively adapting to external challenges and digitalizing their production in the direction of the «Factories of the Future» concept, as evidenced by statistical research data from rating agencies such as McKinsey and PwC. In connection with these transformations, the question arises, is the technological development of enterprises synonymous with innovative development? The study hypothesis is the idea that technological development at the level of an individual enterprise is one of the subtypes of innovation. In order to verify it, the opinions of domestic researchers in this area were studied, and the modern definitions «technological development» and «scientific and technological development», which were adopted as synonyms in the study, were analyzed. The results of the study are confirmation of the hypothesis put forward, the construction of a logical scheme that reflects the essence of the term «technological development of an industrial enterprise» with the allocation of the main elements, as well as the proposed author's formulation of this term. It is concluded that it is necessary to conduct further research aimed at identifying the current state and prospects of small industry technological and innovative development.