Emergence of Industry 4.0 Technologies

Abstract

Innovations in the modern world are not simply connected with the opportunities of digital technologies but also largely based on them. This is exactly why the full-fledged successive industrial sector's digitization will become a platform for qualitative changes of the economy and long-term opportunities. Thus, the transition to digital technologies is inevitable, but from another perspective, this very transition cannot be the absolute goal. In this chapter, the authors aimed at providing a better understanding for Industry 4.0 concept and its application benefits for Russia. The main problem is how the Russian Federation acts against the economically developed countries, which are the creators of Industry 4.0. This chapter mainly focuses on presenting the authors' views on how to sustain and increase competitive advantage of the Russian Federation by catching and implementing Industry 4.0. With Industry 4.0, Russian Federation gets a bigger share of the world manufacturing value chain.