The impact of Industry 4.0 on the digital transformation of manufacturing enterprises in Ukraine

Abstract

Purpose. To study the impact of Industry 4.0 on the current state of the digital transformation of the state’s industry and to substantiate promising directions of development. Methodology. The study used a systematic and comparative analysis to provide a comprehensive understanding of the current state of digital transformation of industry in Ukraine. Research on the impact of Industry 4.0 on digital transformation was based on the results of a statistical analysis of the effect and the potential annual effect of the introduction of the Internet of Things on industrial and construction sites. Also, the method of deduction, logical research, and a graphical way of presenting information were used to demonstrate the significant results of the study. Findings. In the process of research, the digital transformation of industry under the influence of Industry 4.0, which is accelerating, was considered. It has been proven that the digital transformation of Ukrainian enterprises must be carried out at several levels: in terms of industrial equipment, IT systems and internal business processes. Originality. The influence of Industry 4.0 on the digital transformation of industry in Ukraine is substantiated. Eight main levers of value creation due to the implementation of “Industry 4.0” technologies in production are highlighted: optimization of equipment operation modes; optimization of equipment loading; increasing productivity and labor safety; logistic optimization; improvement of product quality; improvement in demand forecasting; shortening the terms of bringing products to the market; improvement of after sales service. Recommendations were given to enterprises regarding the formation of industry partnerships for joint financing of projects, risk reduction, interaction with state bodies, technological companies and research centers, within which expert consulting centers are to be created. Practical value. The results of the research can be used by economists, scientists and practitioners for the development of further perspectives. Establishing strong horizontal ties with educational and research organizations, high-tech companies, as well as with public administration bodies will allow effective exchange of experience, development of joint innovative digital solutions, products and standards for a particular industry, adaptation of educational programs and development of skills in the application of digital technologies.