Abstract

The modern business environment is changing under the influence of industrial development, which is manifested in the active use of digital technologies. In order to adapt and function successfully in such a dynamic business environment, enterprises need to move to the level of "smart enterprises", change the business model and transform their management system. The article aims to study the peculiarities of the change in the management system of enterprises that are moving to the "smart" level in the conditions of the active development of Industry 4.0. To achieve the set goal and perform tasks, general and specific methods were used in the work, namely: abstract–logical for a schematic presentation of changes in the internal environment of organizations caused by the digital transformation of business; methods of analysis and synthesis – to highlight the key components of the transformation of business processes; generalization – to determine the features of the change in the management system of "smart enterprises". The results. The digital transformation process of the enterprise management system in the conditions of Industry 4.0 is presented. The key components of changes in the business model of enterprises as a result of the digitalization of their business processes are described. The changes in the internal environment of organizations caused by the digital transformation of business are schematically presented and the ability of management of " smart enterprises " is formed. The conclusion is formulated as the transformation of management systems of "smart enterprises" in the conditions of the development of Industry 4.0. today is extremely important for participants in the business environment because by changing their business model, using Industry 4.0 tools, such as artificial intelligence, the Internet of Things (IoT), data analytics, and cyber security, enterprises can reduce production costs, improve product quality, reduce business time-processes, etc. It is about getting new opportunities for the development of the enterprise, increasing the efficiency of management, being ready for the challenges of the external environment, and in such dynamic conditions, increasing competitiveness is a practical necessity, the transformation of the management system, and a change in management philosophy.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call