Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)

Economic Assessment of the Effectiveness of the Introduction of Industry 4.0 Technologies in the Activities of Industrial Enterprises

Authors
N.V. Skvortsova, T.P. Rakhlis, I.A. Savelyeva
Corresponding Author
N.V. Skvortsova
Available Online 7 December 2020.
DOI
10.2991/aebmr.k.201205.079How to use a DOI?
Keywords
Industry 4.0, digitalisation, digital transformation, economic development, performance evaluation
Abstract

At the current stage of social development and the formation of new social relations, mankind has entered the next phase of its development, which is commonly referred to as the era of digitalization or the fourth industrial revolution. The economy digitalization in general and the transition to intelligent production or Industry 4.0 in particular is a global trend today. Large, leading industrial companies around the world are now in the process of digital transformation, the implementation of which requires an impressive amount of investment. The issue of evaluating the effectiveness of the technologies that Industry 4.0 introduces into the operations at industrial enterprises is therefore becoming increasingly important. This study considers the system for assessing the potential economic impact of the technologies introduction, which includes the following analysis areas: total implementation costs; profits and other benefits from the introduction; risks; and the potential that the company will acquire from the introduction of digital technologies in the future. It also proposed a KPI assessment system, which is important for understanding the effectiveness of production results in terms of the prospects for effective digital performance.

Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Download article (PDF)

Volume Title
Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
7 December 2020
ISBN
978-94-6239-291-5
ISSN
2352-5428
DOI
10.2991/aebmr.k.201205.079How to use a DOI?
Copyright
© 2020, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - N.V. Skvortsova
AU  - T.P. Rakhlis
AU  - I.A. Savelyeva
PY  - 2020
DA  - 2020/12/07
TI  - Economic Assessment of the Effectiveness of the Introduction of Industry 4.0 Technologies in the Activities of Industrial Enterprises
BT  - Proceedings of the 2nd International Scientific and Practical Conference on Digital Economy (ISCDE 2020)
PB  - Atlantis Press
SP  - 474
EP  - 479
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201205.079
DO  - 10.2991/aebmr.k.201205.079
ID  - Skvortsova2020
ER  -