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Economic Impacts of Industry 4.0

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Author
Dereli, Deniz Dilara
Sağlar, Uğur
Type
Article
Date
2018-04
Language
en_US
Metadata
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Abstract
Industrialization leads to drastic changes in all areas of life. The world is on the verge of the fourth industrial revolution by the effect of transformations in production technologies, which today, is called Industrial 4.0. The process indicates significant transformations in countries’ production structures, through which cyber systems are integrated with physical systems and the tools of production communicate with each other via internet. While digitizing production processes give speed, flexibility and efficiency to production, the growth rates and competitiveness of the countries increase. The change in the production structures of the countries leads to increases in the production capacities, while the economic life is reshaped in terms of growth, productivity, investment and employment. In this context, this paper explains the main characteristics and principles of Industry 4.0 and discusses the possible impacts of Industry 4.0 on economy.
Subject
Industry 4.0
Production
Growth
URI
https://hdl.handle.net/11413/3141
Collections
  • Makaleler / Articles [38]

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İstanbul Kültür University

Hakkında |Politika | Kütüphane | İletişim | Send Feedback | Admin

Istanbul Kültür University, Ataköy Campus E5 Karayolu Üzeri Bakırköy 34158, İstanbul / TURKEY
Copyright © İstanbul Kültür University

Creative Commons Lisansı
IKU Institutional Repository, Creative Commons Alıntı-GayriTicari-Türetilemez 4.0 Uluslararası Lisansı ile lisanslanmıştır.

Designed by  UNIREPOS