Scope and trends of the digital transformation in the world industry

Abstract

The impact that the digital transformation in manufacturing has on businesses, suppliers and other third parties has increased significantly now. Digital transformation in manufacturing means improving traditional manufacturing processes with the help of digital technologies. The goal of digital transformation is to increase production efficiency and reduce costs, improve the quality of goods and services produced, and quickly adapt to changes in the global market. The state of industrial production is constantly changing due to the instability of global, economic and political decisions, so the adoption and expansion of digital solutions based on Industry 4.0, the Internet of things, machine learning and other technologies of the future is accelerating. With the help of these technologies, industrial companies are trying to change approaches and find new ways to solve problems. As practice shows, mining and metallurgical companies lag behind other industries in the field of digital transformation, although they have great potential. This lag behind mainly due to the risks associated with the transformation and development of new digital production technologies, while it is possible to adhere to traditional and proven methods of work.