Industrial Ecosystems As A Catalyst Of Economic Development And Growth In The Frame Of Industrial Revolution 4.0

The industrial revolutions have generated a lot of progress in production, distribution and service systems. New developments in sales, service, and manufacturing have been achieved due to the significant changes in the information technologies and the synergy brought by European integration. These advances have increased productivity and have greatly improved the industrial background. In recent years, production companies and service structures have faced significant encounters because of the need to coordinate and implement innovative models such as social networks, the Industrial Internet, Integrated Systems (Cyber-Physical Systems), robotics, cybersecurity, data analysis, artificial intelligence, and cloud computing. These new technologies, fused in the term Industry 4.0, declared by the German government as one of the basic advantages for the economic growth strategy, have led to the expansion of the revolution in production and information technology. In consequence, Industry 4.0 is characterized by superior production systems, new communication, sales, and service models. On the other hand, the principles for assessing the transformations in Industry 4.0 are still unreliable, and the structured and systemic application of these technologies in national economies for many countries is not fully achieved. In this study, we propose to examine the conceptual framework of industrial ecosystems as a new concept of development and economic growth within the Industry 4.0’ achievements