Economic Assessment of the Effectiveness of the Introduction of Industry 4.0 Technologies in the Activities of Industrial Enterprises
- 10.2991/aebmr.k.201205.079How to use a DOI?
- Industry 4.0, digitalisation, digital transformation, economic development, performance evaluation
At the current stage of social development and the formation of new social relations, mankind has entered the next phase of its development, which is commonly referred to as the era of digitalization or the fourth industrial revolution. The economy digitalization in general and the transition to intelligent production or Industry 4.0 in particular is a global trend today. Large, leading industrial companies around the world are now in the process of digital transformation, the implementation of which requires an impressive amount of investment. The issue of evaluating the effectiveness of the technologies that Industry 4.0 introduces into the operations at industrial enterprises is therefore becoming increasingly important. This study considers the system for assessing the potential economic impact of the technologies introduction, which includes the following analysis areas: total implementation costs; profits and other benefits from the introduction; risks; and the potential that the company will acquire from the introduction of digital technologies in the future. It also proposed a KPI assessment system, which is important for understanding the effectiveness of production results in terms of the prospects for effective digital performance.
- © 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 - N.V. Skvortsova AU - T.P. Rakhlis AU - I.A. Savelyeva PY - 2020 DA - 2020/12/07 TI - Economic Assessment of the Effectiveness of the Introduction of Industry 4.0 Technologies in the Activities of Industrial Enterprises BT - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020) PB - Atlantis Press SP - 474 EP - 479 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.201205.079 DO - 10.2991/aebmr.k.201205.079 ID - Skvortsova2020 ER -