A new article by Suntsova Olesia has been published: "The definition of Smart Economy and Digital Transformation of business in the concepts Industry 4.0 and 5.0".
The object of the study is the relationship between economic entities in the smart economy and their digital transformation in the conditions of Industry 4.0 and 5.0. One of the most problematic areas is the definition and structuring of the smart economy and establishing the effects of digital business transformations in the conditions of Industry 4.0 and 5.0.
The research used methods of grouping, system analysis, historical
approaches to scientific research, synthesis, and analysis, forecasting, etc. A
qualitatively new definition and structuring of the smart economy was obtained, connected with the use of new business technologies in the conditions
of total digital transformation in the concepts of Industry 4.0 and 5.0. In
particular, new classification approaches to the structuring of the smart
economy and digital transformation of business in the concept of Industry 4.0
and 5.0 are singled out.
The conducted study of the state of the smart economy and digital
transformation of business according to the concepts of Industry 4.0 and 5.0
indicates a significant potential for the use of digital technologies in
business and a significant economic effect of their use, which requires further
improvements. This puts the potential for investment in robotic manufacturing
to reach 120.6 billion USD in 2025, followed by autonomous operations
and 360-degree customer management at $90.9 and 74.7 billion USD,
respectively. The industries that will have the highest spending on digital
business transformation in the smart economy throughout the forecast period are
discrete and technology manufacturing, followed by professional services and
retail. The economic sectors that will experience the fastest growth in
spending on digital business transformation in the smart economy, according to
the forecast for 2020–2025, are construction (21.0 %), securities and investment services
(19.2 %), and banking (19.0 %). Compared to similar well-known
developments, all 19 industries considered in the digital transformation of
business in the smart economy are predicted to provide double-digit growth over
the five-year forecast. This provides significant economic advantages in the
adaptation of economic agents to the conditions of introducing digital business
transformation in the context of Industry 4.0 and 5.0.
Keywords: digital economy, business
technologies, information economy, digitalization of business processes,
Industry 4.0, Industry 5.0.
The publication is available : http://journals.uran.ua/tarp/article/view/265105/261223
Suntsova Olesia THE DEFINITION OF SMART ECONOMY AND DIGITAL TRANSFORMATION OF BUSINESS IN THE CONCEPTS INDUSTRY 4.0 AND 5.0 TECHNOLOGY AUDIT AND PRODUCTION RESERVES — № 4/4(66), 2022. P.10-15. doi: http://doi.org/10.15587/2706-5448.2022.265105
