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Emerging Trends and Opportunities for Industry 4.0 Development in Russia

Author

Listed:
  • S. Vasin
  • L. Gamidullaeva
  • E. Shkarupeta
  • I. Palatkin
  • T. Vasina

Abstract

The fourth industrial revolution is the blending of technologies of the physical, digital and biological world, which creates new opportunities and affects political, social and economic systems.The fourth industrial revolution fundamentally transforms modern production, thanks to new technological achievements, including digitalization and robotization, artificial intelligence and the Internet of things (IoT), new materials and biotechnology. Due to these changes, production in developed countries again becomes the main source of prosperity and creation of new jobs.In this paper, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This paper mainly focuses on presenting the authors views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation get a bigger share of the world manufacturing value chain.In this paper, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This paper mainly focuses on presenting the authors views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation get a bigger share of the world manufacturing value chain.

Suggested Citation

  • S. Vasin & L. Gamidullaeva & E. Shkarupeta & I. Palatkin & T. Vasina, 2018. "Emerging Trends and Opportunities for Industry 4.0 Development in Russia," European Research Studies Journal, European Research Studies Journal, vol. 0(3), pages 63-76.
    • Handle: RePEc:ers:journl:v:xxi:y:2018:i:3:p:63-76
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    Citations

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    Cited by:

    1. Leyla Gamidullaeva, 2019. "Neo-institutional Approach for Regional Economic Development: The Impact of Sociocultural Determinants," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 12-25.
    2. Chotia, Varun & Cheng, Yue & Agarwal, Reeti & Vishnoi, Sushant Kumar, 2024. "AI-enabled Green Business Strategy: Path to carbon neutrality via environmental performance and green process innovation," Technological Forecasting and Social Change, Elsevier, vol. 202(C).
    3. Jan Zavadsky & Zuzana Zavadska & Katarzyna Szczepanska-Woszczyna, 2021. "Quantification of the Process Improvement Exigency Related to Industry 4.0," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 4), pages 65-86.
    4. Fotis Kitsios & Maria Kamariotou, 2021. "Artificial Intelligence and Business Strategy towards Digital Transformation: A Research Agenda," Sustainability, MDPI, vol. 13(4), pages 1-14, February.
    5. Loureiro, Sandra Maria Correia & Guerreiro, João & Tussyadiah, Iis, 2021. "Artificial intelligence in business: State of the art and future research agenda," Journal of Business Research, Elsevier, vol. 129(C), pages 911-926.
    6. Cesar R Salas-Guerra, 2021. "Impact of digital economic activity on regional economic growth: A Case study from northern Minas Gerais between 2009 To 2018," Papers 2105.02849, arXiv.org.
    7. Sergey M. Vasin & Leyla A. Gamidullaeva & Nicholas Wise & Konstantin Yu. Korolev, 2020. "Knowledge Exchange and the Trust Institution: a New Look at the Problem," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 11(3), pages 1026-1042, September.
    8. Bruno Garcia Oliveira & Lara Bartocci Liboni & Luciana Oranges Cezarino & Nelson Oliveira Stefanelli & Irene Kazumi Miura, 2020. "Industry 4.0 in systems thinking: From a narrow to a broad spectrum," Systems Research and Behavioral Science, Wiley Blackwell, vol. 37(4), pages 593-606, July.
    9. Vardan Mkrttchian & Leyla Gamidullaeva & Alexey Finogeev & Serge Chernyshenko & Vsevolod Chernyshenko & Danis Amirov & Irina Potapova, 2021. "Big Data and Internet of Things (IoT) Technologies' Influence on Higher Education: Current State and Future Prospects," International Journal of Web-Based Learning and Teaching Technologies (IJWLTT), IGI Global, vol. 16(5), pages 137-157, September.

    More about this item

    Keywords

    Industry 4.0; Manufacturing; Industrialization; Digital Economy;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G29 - Financial Economics - - Financial Institutions and Services - - - Other

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