scholarly journals Accounting Aspects of Digitalization and Industry 4.0 in Hungary

2020 ◽  
Vol 12 (2) ◽  
pp. 1-15
Author(s):  
Mihály Hegedűs ◽  
Balázs Cseh ◽  
István Fábics
Keyword(s):  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
Corporate Sustainability ◽  
Environmental Accounting ◽  
Rapid Adaptation ◽  
Accounting Profession ◽  
Fourth Industrial Revolution ◽  
Rules And Principles ◽  
Accounting Rules

In our present paper, we analyze the accounting aspects of digitalization and industry 4.0 in Hungary. First of all, the accounting profession is a traditional profession and accounting rules and principles are established and have been the same for many years. However, globalization of business, stronger regulations and numerous technological solutions and innovations are not bypassing the accounting profession, either. Challenges for the accounting profession are reflected in the need for rapid adaptation and transformation of business practice and business processes without abandoning basic accounting rules and principles. The aim of this paper is to analyze and systematize the key challenges that digitalization brings for the accounting profession. The paper seeks to examine how, through environmental accounting, the broader context of corporate sustainability could be incorporated into the developing vision for Industry 4.0, the fourth industrial revolution.

scholarly journals COMPARISON OF THE INDUSTRY 4.0 CONCEPT IN SELECTED COUNTRIES IN THE PERIOD OF GLOBALIZATION

2018 ◽  
Vol 6 ◽  
pp. 253-259 ◽  
Author(s):  
Martina Kováčiková ◽  
Katarína Repková Štofková
Keyword(s):  
Czech Republic ◽  
Industry 4.0 ◽  
World Economy ◽  
Business Processes ◽  
Industrial Revolution ◽  
The Czech Republic ◽  
Advantages And Disadvantages ◽  
Fourth Industrial Revolution ◽  
Life Work ◽  
The Eu

Our society goes beyond the threshold of a new technological revolution, which will obviously affect the world economy, affect the life, work, communication of people and facilities. Significant features of the economy include the growth of market variability, the shortening of product lifecycles, the growth of global chain influences, but also the fact that current consumers demand products with individual solutions. Intelligent items, products, machines and devices will allow manufacturers to produce original products without increasing costs. Industry 4.0 or the fourth industrial revolution is the name for dramatic changes and their current entry into the industry. The bearer of these changes is product digitization, digitization and optimization of all business processes, including services. The period of globalization brings new challenges for businesses.This contribution is focused on the characteristics of Industry 4.0, the tools used for the area in question, the advantages and disadvantages of Industry 4.0 and the Industry 4.0 initiative concept and the comparison of the concept with the Czech Republic and Germany. The Czech Republic is geographically and culturally close to Slovakia, while Germany is the leader in this area within the EU.

scholarly journals Logistics and transport in industry 4.0: perspective for Ukraine

2019 ◽  
Vol 67 ◽  
pp. 03008
Author(s):  
Igor Matyushenko ◽  
Sergiy Berenda ◽  
Tatyana Shtal ◽  
Larissa Grigorova-Berenda
Keyword(s):  
World Trade ◽  
Industry 4.0 ◽  
World Economy ◽  
Business Processes ◽  
Industrial Revolution ◽  
Successful Operation ◽  
Fourth Industrial Revolution ◽  
Interdisciplinary Approaches ◽  
The World ◽  
Logistics Services

The elaboration of the fourth industrial revolution and the process of globalization of the world economy is sine qua non of the successful operation and transformation of logistics. The formation of Logistics 4.0 relies in particular on cutting-edge technologies and the digitalization of business processes. The complexity of the structure of world trade arouses interest to the complete range of logistics services provided within a single company. This logic of development requires the application of interdisciplinary approaches, combined with the efforts of engineers, researchers and those interested in the field of logistics.

scholarly journals RESOURCE PROVISION OF THE CORPORATE INNOVATIVE SYSTEM OF THE DOMESTIC HITECH ENTEPRISES

2019 ◽  
pp. 30-34
Author(s):  
D. A. Komonov ◽  
L. V. Mikhailova ◽  
A. A. Sazonov
Keyword(s):  
Life Cycle ◽  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
Innovation System ◽  
High Tech ◽  
Fourth Industrial Revolution ◽  
Corporate Innovation ◽  
Innovative System ◽  
Key Resources

The key resources, necessary for the process of transformation of the corporate innovation system of high-tech enterprises in the framework of the fourth industrial revolution «Industry 4.0» have been investigated. The main objective for enterprises is the creation of unique research centers, search laboratories, small innovative groups, and technology associations. A conclusion has been made, that domestic enterprises in modern conditions need to implement the procedure of analysis of existing business processes, including the life cycle of products and supply chains.

scholarly journals OPTIMIZATION BUSINESS PROCESSES FOR TRANSITION TO A SUSTAINABLE DEVELOPMENT IN THE CONDITIONS OF THE FOURTH INDUSTRIAL REVOLUTION

2018 ◽  
pp. 10-19 ◽  
Author(s):  
A. L. Lisovsky
Keyword(s):  
Sustainable Development ◽  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
New Technologies ◽  
Process Innovations ◽  
Foreign Companies ◽  
Fourth Industrial Revolution ◽  
Industrial Companies

The influence of technologies of the Industry 4.0 on optimization business processes of the industrial companies for achievement of a sustainable development is analyzed. Effects of the changes caused by technologies of the Industry of 4.0 in the Russian and foreign companies are considered. It is shown that achievement of a sustainable development is impossible without the process innovations caused by introduction of new technologies. The algorithm of carrying out audit and an assessment of the new technologies “business processes” most ready to introduction is offered for their introduction..

Cluster role in industry 4.0 – a pilot study from Germany

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Marta Götz
Keyword(s):  
Pilot Study ◽  
Industry 4.0 ◽  
Business Processes ◽  
Industrial Revolution ◽  
Spatial Dimension ◽  
Content Type ◽  
Study Approach ◽  
Fourth Industrial Revolution ◽  
Knowledge Environment ◽  
Basic Characteristics

Purpose This paper aims to explore the nature of Industry 4.0 (I4.0) cluster, to establish and empirically verify in the pilot study the role of clusters in developing the fourth industrial revolution. It aims to find out if the cluster can provide a conducive knowledge environment fostering the advancement of I4.0; simplify the implementation of I4.0 by making it faster, easier, and cheaper and finally be applied as policy tool organising the development of I4.0. Design/methodology/approach This paper is based on the narrative literature review mapping the cluster’s nature with I4.0 features. It adopts the case study approach and uses simple statistical analysis to explore the basic characteristics of I4.0 clusters combined with a survey technique – short questionnaire organised in three major blocks. Findings Drawing on German pilot study it can be confirmed that clusters offer conducive environment facilitating the emergence, testing and development of I4.0 specific solutions. They provide favourable knowledge environment, simplify and increase the efficiency of the business processes and organise the policymaking in this area. Originality/value The results of presented pilot study rooted in Germany – a country seen as the front-runner in implementing the solutions of the fourth industrial revolution – can add a certain value to the emerging research on unearthed linkages between clusters and I4.0. This paper might be seen as a contribution to the emerging literature on the spatial dimension of I4.0. It expands previous research on cluster channels’ likely impact on I4.0.

THE FOURTH INDUSTRIAL REVOLUTION (INDUSTRY 4.0) A SOCIAL INNOVATION PERSPECTIVE

2018 ◽  
Author(s):  
Klaus Schwab
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Social Innovation ◽  
Holistic Approach ◽  
Socioeconomic Impact ◽  
Fourth Industrial Revolution ◽  
Technological Developments ◽  
Rapid Pace ◽  
Sustainable System ◽  
Industrial Revolutions

The rapid pace of technological developments played a key role in the previous industrial revolutions. However, the fourth industrial revolution (Industry 4.0) and its embedded technology diffusion progress is expected to grow exponentially in terms of technical change and socioeconomic impact. Therefore, coping with such transformation require a holistic approach that encompasses innovative and sustainable system solutions and not just technological ones. In this article, we propose a framework that can facilitate the interaction between technological and social innovation to continuously come up with proactive, and hence timely, sustainable strategies. These strategies can leverage economic rewards, enrich society at large, and protect the environment. The new forthcoming opportunities that will be generated through the next industrial wave are gigantic at all levels. However, the readiness for such revolutionary conversion require coupling the forces of technological innovation and social innovation under the sustainability umbrella.

Emerging Industrial Revolution: Symbiosis of Industry 4.0 and Circular Economy: The Role of Universities

2020 ◽  
Vol 25 (3) ◽  
pp. 505-525 ◽  
Author(s):  
Seeram Ramakrishna ◽  
Alfred Ngowi ◽  
Henk De Jager ◽  
Bankole O. Awuzie
Keyword(s):  
Economic Growth ◽  
Circular Economy ◽  
Industry 4.0 ◽  
Business Models ◽  
Industrial Revolution ◽  
New Technologies ◽  
Production Systems ◽  
Fourth Industrial Revolution ◽  
New Jobs

Growing consumerism and population worldwide raises concerns about society’s sustainability aspirations. This has led to calls for concerted efforts to shift from the linear economy to a circular economy (CE), which are gaining momentum globally. CE approaches lead to a zero-waste scenario of economic growth and sustainable development. These approaches are based on semi-scientific and empirical concepts with technologies enabling 3Rs (reduce, reuse, recycle) and 6Rs (reuse, recycle, redesign, remanufacture, reduce, recover). Studies estimate that the transition to a CE would save the world in excess of a trillion dollars annually while creating new jobs, business opportunities and economic growth. The emerging industrial revolution will enhance the symbiotic pursuit of new technologies and CE to transform extant production systems and business models for sustainability. This article examines the trends, availability and readiness of fourth industrial revolution (4IR or industry 4.0) technologies (for example, Internet of Things [IoT], artificial intelligence [AI] and nanotechnology) to support and promote CE transitions within the higher education institutional context. Furthermore, it elucidates the role of universities as living laboratories for experimenting the utility of industry 4.0 technologies in driving the shift towards CE futures. The article concludes that universities should play a pivotal role in engendering CE transitions.

scholarly journals Local Productive Systems’ Transitions to Industry 4.0+

2021 ◽  
Vol 13 (23) ◽  
pp. 13052
Author(s):  
Marco Bellandi ◽  
Lisa De Propris
Keyword(s):  
Technological Change ◽  
Conceptual Framework ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
National Level ◽  
Sustainability Transitions ◽  
Fourth Industrial Revolution ◽  
Productive Systems

The paper is positioned in the emerging debate on the technological change brought about by the Fourth Industrial Revolution, often referred to as Industry 4.0. Our analysis is at the local, sub-national level. The aim is to explore what drivers and barriers local productive systems might face when seeking to embark on transitions that reconcile smart, equitable, and sustainable priorities, under enhanced models called Industry 4.0+. The novelty of the paper is to develop such models by designing a conceptual framework that juxtaposes the drivers and the barriers of sustainability transitions with local productive systems. This novel framework suggests possible pathways that local productive systems can initiate to achieve more equitable and green outcomes for their economy and society by directing the development of digital-related solutions.

scholarly journals Internal factors supporting business and technological transformation in the context of Industry 4.0

2019 ◽  
Vol 20 ◽  
pp. 137-145 ◽  
Author(s):  
Lucia Kohnová ◽  
Ján Papula ◽  
Nikola Salajová
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
New Technologies ◽  
Employee Education ◽  
Technological Transformation ◽  
Internal Factors ◽  
Fourth Industrial Revolution ◽  
Culture Strategy ◽  
Technology Transformation ◽  
And Training

Radical changes resulting from the Fourth Industrial Revolution strongly affect industrialized European countries. In particular, due to the new technologies that are characteristic of Industry 4.0, it will be essential for companies to make the necessary changes and achieve competitiveness through the implementation of these technologies. In order for companies to be able to make radical changes and innovations, they need to secure all the supporting areas in their organization. This research paper is focused on comparison of companies from Slovakia, Czech Republic, Austria, Germany and Switzerland in the context of readiness for Industry 4.0. This research was part of a research project, while data were collected in the period of 2015–2016. We have analysed companies from selected countries based on 7 areas which are closely interconnected with the business transformation and technology transformation coming from Industry 4.0. The main analysed questions focused on areas such as employee education and training, organizational culture, strategy, or organizational processes, that will be most affected by radical changes in the environment. Research has highlighted the differences between countries as a result of long-standing cultural differences, but at the same time identified the unified influence of the ongoing global debate on the need for technological innovation. With Slovak and Czech companies being below stronger innovators in the maturity of education systems, we strongly advise considering partnering in education which can bring valuable information to businesses that want to take on the wave of innovation.

scholarly journals Shipbuilding 4.0: modern technologies and perspectives of the concept

2021 ◽  
Vol 8 (1) ◽  
Author(s):  
Kseniya Reznikova ◽  
Valery Maximov ◽  
Dmitry Popov
Keyword(s):  
Industry 4.0 ◽  
Industrial Revolution ◽  
Human Life ◽  
Huge Number ◽  
Heavy Industry ◽  
Shipbuilding Industry ◽  
Fourth Industrial Revolution ◽  
Advanced Technologies ◽  
State And Market ◽  
Modern Technologies

Together with the fourth industrial revolution Industry 4.0 in the field of shipbuilding came the concept of Shipbuilding 4.0. Despite its separation from Industry 4.0, the concept also implies the automation of production and implementation of the most advanced technologies. Such technologies include cloud computing, Internet of Things, artificial intelligence, augmented reality and blockchain. Today, all these technologies are heard and familiar to a huge number of people. They continue to be actively developed and implemented in various industries and areas of human life. Heavy industry, namely shipbuilding, was no exception. This article examines the concept of Shipbuilding 4.0 and information technology, it characterizes. Examples of the implementation of the above technologies in the shipbuilding industry are given: at shipyards, in design. Applications in logistics and shipping have also been studied. This work considers such a problem of the Russian shipbuilding industry as poorly developed digitalization. With a high probability, these technologies will soon be actively consolidated in this area and will start everywhere, including at Russian shipyards. The use of innovative developments will improve competitiveness and strengthen positions in the state and market economy. Maritime activity is a very responsible field, where the slightest mistake can lead to bad consequences on a colossal scale. Therefore, the advanced technologies considered in the work have yet to be brought to perfection. However, they already have the potential and direction of development.

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