INDUSTRY 4.0 DEVELOPMENT ANALYSIS IN UKRAINE: TRENDS AND ISSUES

Authors

DOI:

https://doi.org/10.36690/2674-5208-2022-3-21

Keywords:

industry, development, industrial revolution, analysis, trends

Abstract

The relevance of the study is due to the constant development of technology, which ultimately led to a new industrial revolution. Everything starts and ends with the industrial sector. It is the heart of any economy. You can talk all you want about how important each sector of the economy is, but none of them will work without industry. The fourth industrial revolution (Industry 4.0) is the transition to fully automated digital creation, controlled by intelligent systems in real-time in constant interaction with the external environment, going beyond one company, with the prospect of joining a global industrial network of things and services. Industry 4.0 characterizes the current trend in the development of automation and data exchange, which includes cyber-physical systems, the Internet of Things, and cloud computing. It represents a new level of organization of production and management of the value chain throughout the entire life cycle of manufactured products. The purpose of the article is an in-depth analysis of the state of development of industry 4.0 in Ukraine. The object of the study will be the industrial sector of Ukraine, which plays a key role in the development of Industry 4.0. To determine the features of the development of Industry 4.0, the following methods were applied: induction and deduction, comparison and systematization - when characterizing the development of Industry 4.0; synthesis and analysis - to determine the content of the essence of Industry 4.0; morphological analysis - to clarify the essence of the state of development of Industry 4.0; abstract-logical - for theoretical generalizations and conclusions of the study. As a result of the study, key aspects of the development of Industry 4.0 in Ukraine were analyzed. The main trends of its development are defined.

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Author Biography

Dmytro Zaverukha, Lviv State University of Internal Affairs

Postgraduate, Lviv State University of Internal Affairs, Lviv, Ukraine

References

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Published

2022-09-30

How to Cite

Zaverukha, D. (2022). INDUSTRY 4.0 DEVELOPMENT ANALYSIS IN UKRAINE: TRENDS AND ISSUES. Economics, Finance and Management Review, (3), 21–26. https://doi.org/10.36690/2674-5208-2022-3-21

Issue

Section

Chapter 1. Current trends in economic development