The Conditions for Digitalization and Industry 4.0 Development in Selected European States
The Conditions for Digitalization and Industry 4.0 Development in Selected European States
Author(s): Martina ŽwakováSubject(s): Economy, Supranational / Global Economy, Business Economy / Management, Accounting - Business Administration, ICT Information and Communications Technologies
Published by: Reprograph
Keywords: industry 4.0; digitalization; cluster analysis; business environment in selected European States;
Summary/Abstract: Nowadays, the business environment is confronted with many changes and newly developed technologies. That is the reason why it is appropriate to cope with conditions or readiness for these changes. This paper is focused on research of business environments’ conditions in selected European states in relation to the digitalization and Industry 4.0 trends. The aim is to find similarities and dissimilarities in the digitalization levels and in the conditions of the execution of Industry 4.0 concepts in the business environments of selected European states. Eleven indicators related to the issue of digitalization were chosen to analyse business environment situation. Groups of similar states were created using a cluster analysis based on the particular indicators. A comparison among the groups was realized to identify different industry readiness levels. The groups or clusters of states were briefly characterized and described within a context of emerging technologies. Besides between group comparisons a view on the inner structure of particular groups was outlined as well.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XIII/2018
- Issue No: 56
- Page Range: 484-497
- Page Count: 14
- Language: English