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Impact of Industry 4.0 on Companies: Value Chain Model Analysis

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  • Lucia Kohnová

    (Faculty of Management, Comenius University Bratislava, Odbojárov 10, 820 05 Bratislava, Slovakia)

  • Nikola Salajová

    (Faculty of Management, Comenius University Bratislava, Odbojárov 10, 820 05 Bratislava, Slovakia)

Abstract

Although the concept of Industry 4.0 is newer, more and more companies are responding to this concept and incorporating it into their business models. Industry 4.0 arose as a result of the development of new technologies based on automation, through which technologies can communicate with each other. The aim of this study is to analyze the impact of Industry 4.0 on companies from the point of view of the value chain model. The study points out why the model is a suitable tool for evaluating changes. The research consisted of 1164 respondents, while the sample consisted of 591 Czech companies and 573 Slovak companies. We found that 62% of companies carry out activities in the field of robotization and automation to a large extent, and 32% carry out these activities little or not at all. Regarding the impact of Industry 4.0 on individual activities in the value chain, we found that companies expect the greatest impact on technological development (secondary activity) and customer service (primary activity). On the contrary, they least expect the impact of Industry 4.0 in the primary activities of input logistics and operation. From this point of view, we can say that companies perceive the impact of Industry 4.0 on the activities taking place in their value chains. However, it is important to capture these changes, react appropriately to them and remain competitive.

Suggested Citation

  • Lucia Kohnová & Nikola Salajová, 2023. "Impact of Industry 4.0 on Companies: Value Chain Model Analysis," Administrative Sciences, MDPI, vol. 13(2), pages 1-13, January.
    • Handle: RePEc:gam:jadmsc:v:13:y:2023:i:2:p:35-:d:1049201
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    References listed on IDEAS

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    1. Olga A. Romanova & Evgeny Kuzmin, 2021. "Industrial Policy: A New Reality in the Context of Digital Transformation of the Economy," Lecture Notes in Information Systems and Organization, in: Vikas Kumar & Jafar Rezaei & Victoria Akberdina & Evgeny Kuzmin (ed.), Digital Transformation in Industry, pages 13-23, Springer.
    2. Judit Nagy & Judit Oláh & Edina Erdei & Domicián Máté & József Popp, 2018. "The Role and Impact of Industry 4.0 and the Internet of Things on the Business Strategy of the Value Chain—The Case of Hungary," Sustainability, MDPI, vol. 10(10), pages 1-25, September.
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