Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)

Breakthrough Innovations of Industry 4.0 as a Factor of Economic Growth

Authors
Ekaterina N. Bykovskaya, Yuliya N. Kafiyatullina, Gocha P. Kharchilava
Corresponding Author
Ekaterina N. Bykovskaya
Available Online 10 February 2020.
DOI
https://doi.org/10.2991/aebmr.k.200201.008How to use a DOI?
Keywords
breakthrough innovations, Industry 4.0, economic growth, intellectual entrepreneurship, intellectual knowledge
Abstract

At present, the breakthrough innovations of Industry 4.0 in Russia are beginning to be actively introduced into socio-economic life. Breakthrough innovations Industries 4.0 have a dual nature: they carry a constructive and destructive force. The idea of intellectual entrepreneurship as a basic source for the development of a breakthrough economy, which has its own scientific and production culture, values, intellectual potential and knowledge, is formulated. The conditions for the development of a breakthrough economy are summarized. The disruptive innovations of Industry 4.0 are turning into a decisive factor in modernizing the economy, increasing the well-being of the community and the quality of life. At the present stage of development, an adequate and effective holistic system has not been formed that ensures the smooth functioning of the innovation process. The article discusses the conditions that create a favorable economic environment for the creation and widespread use of breakthrough innovations of Industry 4.0. Such innovations are able to unleash the potential of the socio-economic development of the country and transform its structure. Breakthrough innovations of Industry 4.0 are based on intellectual knowledge, which also covers artificial intelligence, allows you to create structures that serve the breakthrough economy.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)
Series
Advances in Economics, Business and Management Research
Publication Date
10 February 2020
ISBN
978-94-6252-900-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.200201.008How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - Ekaterina N. Bykovskaya
AU  - Yuliya N. Kafiyatullina
AU  - Gocha P. Kharchilava
PY  - 2020
DA  - 2020/02/10
TI  - Breakthrough Innovations of Industry 4.0 as a Factor of Economic Growth
BT  - Proceedings of the 1st International Conference on Emerging Trends and Challenges in the Management Theory and Practice (ETCMTP 2019)
PB  - Atlantis Press
SP  - 38
EP  - 41
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200201.008
DO  - https://doi.org/10.2991/aebmr.k.200201.008
ID  - Bykovskaya2020
ER  -