The Impact of Industry 4.0 Technologies on Structural Transformation in the Manufacturing

State Organization “Institute for Economics and Forecasting of NAS of Ukraine”, 01011, Kyiv, Ukraine

^* Corresponding author: kushnksena@gmail.com1

Abstract

In the paper, we investigate the impact of global trends Industry 4.0 on the structural transformations of Ukrainian industrial sector through the prism of global technological challenges. The current structural imbalances of Ukrainian industrial development and highlights the opportunities that 4.0 technologies provide for innovative industrial renewal are considered; and the readiness for adoption of innovative technologies of Industry 4.0 in the industrial enterprises is assessed. The key conclusion of the study is that further innovative transformation of global production will lead to inevitable changes in the organization and management of production processes. Based on the research results, an effective solution to certain problems has been proposed. The key finding of the research is that representatives of Ukrainian industry though perceive the importance of this tool face many obstacles in its implementation. Considering research results the efficient solutions of identified problems were proposed. They include the establishing strengthening the strategic partnership between the state science and business institutions in the process of stimulating cluster development; improvement of innovation infrastructure, creating the innovation ecosystems for the capitalization of scientific developments and the commercialization of innovations; creation of competitive conditions for all market participants, including equal conditions for access to the raw materials market, technology transfer, protection of property rights; reforming educational infrastructure; creation of a favorable investment environment with the help of mechanisms of state guarantees for foreign investments.