The impact of current trends in the global industry on the economic security of the enterprise
Journal Title: Економіка. Фінанси. Право - Year 2019, Vol 2, Issue
Abstract
Introduction. We live in the era of the Third Industrial (or Digital) Revolution, which began in the second half of the last century and is characterized by the spread of information and communication technologies, but modern world leaders are already actively preparing for a new era – the Fourth Industrial Revolution or Industry 4.0. The purpose of the article is to study the impact of Industry 4.0 on the economic security of the enterprise. Results. The main challenges of Industry 4.0 are: Flexible manufacturing: many companies are involved in product manufacturing, which step by step helps create a product. With the digital network, these steps can be better coordinated, and the use of machines is better planned. Convertible factory: Production lines will be built in modules in the future. They can be quickly assembled to complete the task. Customer-oriented solutions: Consumers and manufacturers are moving closer together. Customers themselves can design products in accordance with their wishes. Optimized logistics: algorithms calculate the ideal delivery routes, machines themselves report when they need new material – smart grid provides optimal flow of goods. Use of data: Progress data and product status data are aggregated and evaluated. Data analysis provides guidance on how to make the product more effective. Circle economy with efficient resource use: Products are considered to be managed data throughout their life cycle. Even in the construction, it is determined in what form materials can be recycled. Personnel: the proportion of routine activity will decrease; production’s flexibilisation through industry 4.0 will require much more skills in all workflows for all employees. Skilled workers will be more in demand in the future for making decisions that can not be replaced by any algorithm. At the same time, employees must be trained and qualified for new jobs. A new culture of education – the company needs strong partners. For a successful path to Industry 4.0, there are a variety of opportunities for lifelong learning and organization of work that contributes to learning. Conclusion. The Fourth Industrial Revolution is steadily moving. It will change the world, because there were no analogues and Ukrainian enterprises in order to ensure their economic security need to prepare in advance.
Authors and Affiliations
Iryna Oleksandrivna Bashynska, Halyna Ihorivna Homoniuk
Keywords
Related Articles
- EP ID EP670766
- DOI -
- Views 51
- Downloads 0
Formation and development features of the aviation complex’ exports potential of Ukraine
Introduction. The need for the transition of Ukraine's economy to an innovative way of development is due to the exhaustion of sources of economic growth, a decrease in the amount of investment in the reproduction of log...
Inventory count as constituting forming of the authentic financial reporting of agricultural enterprises
Ensuring authenticity and correctness of the financial reporting creation is considerable problem in financial accounting. Inventory count is one of authenticity components of financial documentation. With transition to...
The principles of formation and usage of financial resources of the enterprise
The article is devoted to the essence of financial resources, their role in the functioning of the enterprise. The sources of financial resources and the steps of their using in the operating and investing activities of...
Economic security model of enterprises
The economic security management model of enterprise was constructed based on the principles of the theory of systems and its varieties and scientific approaches to the definition of the components of economic security a...
Bankruptcy as a way of consolidation and streamlining of assets and liabilities of non-commercial economic activity subject
The essence of the concept and semantic load of the bankruptcy procedure was defined. The features and possibilities of introducing bankruptcy in relation to subjects of non-commercial management were disclosed. The prob...