INDUSTRY 4.0 AND COMPETITIVENESS
Abstract
Purpose- Recent developments in information technology lead to a new industrial revolution, transforms the entire eco-system. The last industrial revolution of the information society is referred to as Industry 4.0. This paper tries to explain fourth industrial revolution with its basic concepts and draws attention to dramatic changes in the production systems and competition environment in the World and Turkey.
Methodology- This paper used a qualitative method, present and discussed the opportunities and challenges in implementation of Industry 4.0 especially in terms of competitiveness.
Findings- Industry 4.0 have a substantial potential to change global competition environment and can be seen as a great opportunity Turkey's development and improvement in competitiveness, although the state of preparations for its implementation are very limited for now.
Conclusion- The present study contributes the Industry 4.0 literature by drawing attention to its relationship between competitiveness.
Keywords
References
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Details
Primary Language
English
Subjects
Business Administration
Journal Section
Research Article
Publication Date
September 30, 2019
Submission Date
June 21, 2019
Acceptance Date
September 18, 2019
Published in Issue
Year 2019 Volume: 6 Number: 3