The Approach to Managing the Development of Industry 4.0 in the Conditions of Knowledge Economy’s Formation for Implementation of the Optimal Scenario

Abstract

Unattractiveness of the traditional scenario of implementing the Industrial Revolution of the 21st century, which envisages domination of developed countries and deepening of disproportions of the global economy, leads to necessity for developing the methodological approach to global management of development of Industry 4.0 in the conditions of knowledge economy’s formation for implementation of optimal scenario, which envisages implementation of the global Fourth Industrial Revolution in the sphere of Industry 4.0 on the basis of knowledge economy simultaneously in all interested countries of the world. Development of such approach is the purpose of this chapter. The methodological basis of the research includes the method of systemic, problem, and structural and functional analysis, as well as special-purpose and formalization methods. The authors develop and present the new approach to managing the development of Industry 4.0 in the conditions of knowledge economy’s formation for implementation of the optimal scenario, which is not just an alternative but a direct opposition to the traditional approach that is used during management of all previous industrial revolutions. The new approach is more preferable, as it ensures multiple advantages, which include prevention of crisis of socio-economic systems, which is traditionally viewed as an inseparable components of industrial revolutions. In addition to this, formation of Industry 4.0 will ensure innovational development of modern socio-economic systems, which will allow accelerating the process of their overcoming the long recession. Another advantages of the new approach is stimulating reduction of the level of differentiation of countries in the global economy. The offered approach is based on the mechanism of integration, which allows ensuring systemic interaction of all interested participants of global economic relations in the process of formation and development of Industry 4.0 and obtaining the synergetic effect.