Abstract
AbstractThe fourth industrial revolution, often identified as the terminology of Industry 4.0, more and more enforces changes and modifications from each participant of the socio-economic ecosystem. These enforced corrections concern the households, the governmental areas in different degrees, but the operation of the company sectors is rearranged most strongly by them. The study analyses this latter structure in the following respect: which are the most important supports of Industry 4.0 and what kind of competency elements are required from the employees and the management? According to the research data to be introduced, the domestic companies lag behind in preparations for the challenges raised by Industry 4.0; the international experiences are more favourable in this field. After—partial—review of the professional literature, the author concludes that the business sphere is in a condition before paradigm shift due to Industry 4.0. As per the analysis of decision-making based on digitalization, the question in the subtitle is answered—Industry 4.0 does not change fundamentally the traditional management functions of the company sector, but the decision-supporting applications based on digitalization must be learnt and applied. That statement seems to be founded that only company management, being able to live with decision making based on digitalization, can win competitive advantage.
Highlights
In my opinion, as a result of the new industrial revolution, the global economic sector [1] is characterized by a situation before paradigm shift on the bases of scientific-historical approach
The fourth industrial revolution, often identified as the terminology of Industry 4.0, more and more enforces changes and modifications from each participant of the socio-economic ecosystem. These enforced corrections concern the households, the governmental areas in different degrees, but the operation of the company sectors is rearranged most strongly by them. The study analyses this latter structure in the following respect: which are the most important supports of Industry 4.0 and what kind of competency elements are required from the employees and the management? According to the research data to be introduced, the domestic companies lag behind in preparations for the challenges raised by Industry 4.0; the international experiences are more favourable in this field
As per the analysis of decision-making based on digitalization, the question in the subtitle is answered—Industry 4.0 does not change fundamentally the traditional management functions of the company sector, but the decision-supporting applications based on digitalization must be learnt and applied
Summary
As a result of the new industrial revolution, the global economic sector [1] is characterized by a situation before paradigm shift on the bases of scientific-historical approach. In another approach [5], the concept of the fourth industrial revolution refers to ever increasing digitalization of the full supply chain through the application of cyber-physical systems. The individual players, objects and systems are connected on the basis of real time data exchange Thanks to this cooperation, the machines and processes equipped with artificial intelligence become capable of independently adapting to the spontaneously changing environmental factors. The one is the process of organization, it includes determination of the concrete tasks, appointment of the executors, assignment of the resources as well as synchronization of the activities of the groups and of the individuals During this the management prepares, the approved plans for implementation: it determines the tasks to be performed and establishes the required technological background, the human and other resources.
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