IMPACT OF THE INDUSTRY 4.0 ON SMART CITY DEVELOPMENT

The focus of this paper is on examination of the impact of the Industry 4.0 on smart city development and changes in society due to the diffusion of innovations and modern technologies in all segments of living. From the preconditions for the beginning of the Industry 4.0, followed by the most important achievement that marked it, to the way changes are manifested due to the wide use of smart devices and software, the paper provides a clear overview of effects achieved over the past few decades of technological progress. Furthermore, based on the data available in the current and relevant literature, the role of the Industry 4.0 in the development of smart cities is studied, and the most important elements of it that support smart city development are determined. In this way, conditions are created for an extensive analysis of the motives, factors and forms of smart city development, with priority given to the social dimension of smart solutions and their implementation in everyday living. After having a complete insight into the features of smart cities and key elements of development, an overview of perspectives and expectations in the field of improving the quality of living in the urban environment by implementation of smart solutions, i.e. devices, software and applications, is provided. Finally, based on previously conducted analyses, conclusions are made on further courses of action in the field of smart city development.