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Integrated technologies,advancesand benefits in Industry 4.0

Author

Listed:
  • Selman Duran

    (School of Business, Istanbul Medipol University, Turkey)

  • Gulgun Sengil

    (School of Business, Istanbul Medipol University, Turkey)

Abstract

Expressing the digitalization of industry in today's world which is rapidly developing day by day, Industry 4.0 is accepted as the most important technology revolution of our time. This shows that a new era in production has started and the industry has been digitized. In order to adapt to this change, companies should actively follow the innovations and shape the organizational structure accordingly. However, if this is the case, we can respond to the expectations of the current period. That is why it is necessary to activate Industry 4.0 after learning all aspects of it and to develop marketing strategies that can adapt to this digital age. In today's competitive environment, it is inevitable to act integrated into this new situation. This study is designed to emphasize how important it is to identify Industry 4.0 and the most heavily affected marketing strategies from it. It is also a review of the conceptual explanation of Industry 4.0 and the importance of advances in new technologies.

Suggested Citation

  • Selman Duran & Gulgun Sengil, 2019. "Integrated technologies,advancesand benefits in Industry 4.0," International Journal of Business Ecosystem & Strategy (2687-2293), Bussecon International Academy, vol. 1(2), pages 31-38, April.
    • Handle: RePEc:adi:ijbess:v:1:y:2019:i:2:p:31-38
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