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The impact of Industry 4.0 on the processes of social innovation

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  • Sándor Karajz

    (University of Miskolc)

Abstract

Our previous research into this topic has proved that technical developments significantly affect processes and effectiveness of social innovation. The current process of this development is called Industry 4.0. The first part of the study deals with industrial evolutions and the process of Industry 4.0 is interpreted. The second part of the study presents national and international examples and good practices in order to examine the relationship between digitalisation and social innovation. The results of Industry 4.0 reveal that there is an increasing number of solutions for social innovation that are based on digitalisation and automation. The current digital revolution is radically changing societies and opening up new opportunities for social innovation. Industry 4.0 results in social innovation solutions that use artificial intelligence to improve and optimise processes.

Suggested Citation

  • Sándor Karajz, 2021. "The impact of Industry 4.0 on the processes of social innovation," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 17(si), pages 3-10.
  • Handle: RePEc:mic:tmpjrn:v:17:y:2021:i:si:p:3-10
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2021/SI/TMP_2021_SI_01.pdf
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    References listed on IDEAS

    as
    1. Edwards-Schachter,Mónica & Wallace,Matthew, 2015. "âShaken, but not stirredâ: six decades defining social innovation," INGENIO (CSIC-UPV) Working Paper Series 201504, INGENIO (CSIC-UPV).
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    More about this item

    Keywords

    industry 4.0; digitalisation; social innovation;
    All these keywords.

    JEL classification:

    • B10 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - General
    • O35 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Social Innovation

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