Industry 4.0 Technologies as a Factor in Economic Development
Journal: Quarterly Scientific Journal "Economic Herald of the Donbas" (Vol.78, No. 4)Publication Date: 2024-12-20
Authors : Industry . Technologies as a Factor in Economic Development;
Page : 19-25
Keywords : Industry 4.0; artificial Intelligence; Internet of Things; blockchain; 3D printing; economic transformation; production automation;
Abstract
The article explores the potential of Industry 4.0 technologies as a factor in the development of the economic system. It analyzes the key technologies of the Fourth Industrial Revolution, namely Artificial Intelligence (AI), the Internet of Things (IoT), blockchain, and 3D printing, and their impact on economic processes. Special attention is given to the role of Artificial Intelligence, which is the main driver of the transformation of production processes. The possibilities of production automation through AI, its ability to analyze real-time data, manage resources, and optimize production processes are examined. It is established that the implementation of AI contributes to reducing operational costs, improving product quality, and more efficient resource utilization. The Internet of Things is considered as a technology that enables the integration of production processes and communication between devices in real-time.
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