THE IMPACT OF INDUSTRY 4.0 ON BUSINESS RESULTS

Kód výsledku v IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F75081431%3A_____%2F24%3A00002742" target="_blank" >RIV/75081431:_____/24:00002742 - isvavai.cz</a>

Výsledek na webu

<a href="https://jssidoi.org/jesi/article/1200" target="_blank" >https://jssidoi.org/jesi/article/1200</a>

DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

THE IMPACT OF INDUSTRY 4.0 ON BUSINESS RESULTS

Popis výsledku v původním jazyce

The article aims to present the impact of Industry 4.0, which has developed worldwide as a new revolution in production and impacted manufacturing companies and changes in companies in the Czech Republic that apply it. Discussions in the engineering business emphasise the need to consider both the benefits and drawbacks of proposed modifications. In today's fast-paced environment, staying current with trends and continuing education is critical. Changes can be chaotic, affecting several industries. Businesses must change rapidly to stay caught up. The current trend is Industry 4.0, in which emphasis is placed on automation, digitisation, robotisation, artificial intelligence, etc., and this is an era of opportunities for digitalisation on a comprehensive scale. Employee change in response to new technology requires preparedness and skill development. Furthermore, business investment prioritises land and labour substitution for capital and technological equipment updates. The industry seeks to improve process quality and efficiency while promoting environmental sustainability and waste reduction in corporate production, emphasising the critical need for a comprehensive sustainable strategy. The study examines the influence of Industry 4.0 on corporate performance over five years, focusing on prospective transitions towards the new industrial age. The authors employed data collection, content analysis, and correlation approaches. The findings show varying added value patterns post-implementation, impacted mainly by firm size.

Název v anglickém jazyce

THE IMPACT OF INDUSTRY 4.0 ON BUSINESS RESULTS

Popis výsledku anglicky

The article aims to present the impact of Industry 4.0, which has developed worldwide as a new revolution in production and impacted manufacturing companies and changes in companies in the Czech Republic that apply it. Discussions in the engineering business emphasise the need to consider both the benefits and drawbacks of proposed modifications. In today's fast-paced environment, staying current with trends and continuing education is critical. Changes can be chaotic, affecting several industries. Businesses must change rapidly to stay caught up. The current trend is Industry 4.0, in which emphasis is placed on automation, digitisation, robotisation, artificial intelligence, etc., and this is an era of opportunities for digitalisation on a comprehensive scale. Employee change in response to new technology requires preparedness and skill development. Furthermore, business investment prioritises land and labour substitution for capital and technological equipment updates. The industry seeks to improve process quality and efficiency while promoting environmental sustainability and waste reduction in corporate production, emphasising the critical need for a comprehensive sustainable strategy. The study examines the influence of Industry 4.0 on corporate performance over five years, focusing on prospective transitions towards the new industrial age. The authors employed data collection, content analysis, and correlation approaches. The findings show varying added value patterns post-implementation, impacted mainly by firm size.

Druh

J_imp - Článek v periodiku v databázi Web of Science

CEP obor

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OECD FORD obor

50200 - Economics and Business

Projekt

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Návaznosti

V - Vyzkumna aktivita podporovana z jinych verejnych zdroju

Rok uplatnění

2024

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název periodika

Entrepreneurship and Sustainability Issues

ISSN

2345-0282

e-ISSN

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Svazek periodika

11

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

LT - Litevská republika

Počet stran výsledku

14

Strana od-do

205-218

Kód UT WoS článku

001250847500013

EID výsledku v databázi Scopus

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