Industry 4.0 Development Prospects and Introduction Readiness into Russian Enterprises

Abstract

Today the competitiveness of the Russian economy is closely dependent on the successful introduction of new digital technologies into the domestic industry. In the study, the authors analysed features of the industrial revolution in Russia and other countries. It was discovered that the industrial Internet is currently underutilized in the Russian market. However, one of its notable characteristics is the dominance of the industrial segment in the Russian Internet of Things, which indicates promising development prospects for the industrial Internet technology in Russia. The authors also analysed readiness of Russian enterprises to introduce Industry 4.0 technologies. Although the enterprises clearly expressed their readiness to implement digital technologies, there are some objective difficulties that set back the process. The main obstacles that prevent the integration of the industrial Internet into the Russian industry are insufficient flexibility of enterprises, a lack of developed digital business models of companies, a shortage of skilled personnel, and limited funding. In the conclusion, the authors set some objectives that need to be addressed in order to facilitate the development of the industrial Internet in Russia based on the findings of the study.