Transformation of enterprises through digital innovations: economic benefits and risks

Анотація

Today, the world is undergoing transformations associated with the realization of Industry 4.0 — a global initiative adopted at the World Economic Forum in 2014. It aims to accelerate technological transformations, integrate production, and reduce management costs. The transition to Industry 4.0 requires the modernization of industrial systems using innovative, sustainable solutions. In recent years, digital technologies such as the Internet of Things (IoT), big data, robotics, blockchain, artificial intelligence, augmented reality, and rapid prototyping have been actively introduced into production processes in leading countries. [1] For instance, 72% of companies plan to use artificial intelligence by 2024, a significant increase compared to 20% in 2017. [2] In Ukraine, this trend is also gaining momentum due to the development of the IT sector and government initiatives in the field of digitization. Ukraine’s performance in implementing digital innovations remains relatively low. According to 2021 indicators, Ukraine shows weak positions in key ICT infrastructure indicators. [1] This highlights the urgent need to accelerate the implementation of digital innovations in Ukrainian enterprises to remain competitive in global markets.