Business management in Industry 4.0

Abstract

The purpose of this research article is to present an overview of innovative solutions in the areas of technology and business management in the era of the Fourth Industrial Revolution. This applies not only to the management of individual companies but also to national and even global economies.

The competitiveness component can now be observed not only in individual companies but also in entire supply chains. The pace of development in the modern economy means that companies are constantly forced to introduce more and more new solutions, resulting in innovation that drives market progress. Therefore, it is crucial to raise awareness of the need for a paradigm shift in business management through Digital Transformation, Big Data, the Internet of Things (IoT), Business Intelligence, cloud services, and 3D printing.