Industry 4.0: Features of Development in Russia

Abstract

Purpose: The purpose of the article is to analyze the changes generated by digital technologies and determine the degree of impact of Industry 4.0 on the work of Russian business.

Design/Methodology/Approach: The authors used a systematic approach in analyzing transformations generated by Industry 4.0. This led to the conclusion that a prerequisite for the successful use of digital technologies is the formation of a favorable institutional environment that can create effective incentives for successful work in the context of digitalization, and the creation of a regulatory framework in the field of digitalization.

Findings: The article shows how Industry 4.0 changes the model of interaction: producer - consumer, transforms the forms of business organization, changes the basic principles of formation of competitive advantages of companies. It was advisable for the manufacturer to use the open innovation model, which provides for an active search for promising ideas in the external environment for the company, conducting joint research, using the idea of customers in creating innovative products. In the context of digitalization, outsourcing processes have intensified. There is an acceleration in the development of franchising.

Originality/Value: The results of the research showed that in the conditions of digitalization a high degree of dependence of the efficiency of the main business processes on the quality of information, the speed of its processing and preservation is created. On the one hand, the use of information increases production efficiency and productivity. On the other hand, there are social risks and risks of loss of information, the leveling of which leads to the diversion of significant financial resources from the main activities of producers.