IDEAS home Printed from https://ideas.repec.org/a/cve/innsjn/v3y2023i1p33-50.html

Focus on the priorities of industry X.0 and its anatomy in the conditions of digitalization of economic relations

Author

Listed:
  • Kateryna Kraus
  • Nataliia Kraus
  • Inna Ishchenko

Abstract

The emergence of Industry X.0 by digitizing economic relations at different levels of economic aggregation implies a complex and systematic modernization of business processes, thereby accelerating innovation of the national economy. Considering the existing scientific developments in the development of Industry X.0, the transformation of existing business processes under the influence of the latest technologies and the formation of smart assets, e-services for smart businesses and e-government are unexplored. On the basis of dialectical, systemic and matrix methods Industry X.0 was investigated, and found that it determines new quality and format of business operation in gig economy. Comparisons of ratings of innovative development that influence the acceleration of digitalization in some countries have been used. The structural elements of the ecosystem of Industry X.0 are presented, and it is proved that they determine an effective digital economic relation that shape gig economy, as a result of step-by-step content of the stages of becoming smart business, assets, digital platforms. Tools and mechanisms that will accelerate the emergence of Industry X.0 have been identified. The content of the concept “ecosystem of Industry X.0” is disclosed. A number of practical measures are proposed, aimed at deepening the development of high-tech industries and expanding new quality of life of people. Main characteristics that determine the emergence of smart industry and smart services are indicated. A number of the latest technologies (autonomous artificial intelligence in a smartphone, professional assistant robots, available satellite Internet, the flourishing of audiobooks and podcasts, the bicycle technological revolution) that define a new quality of people's lives are highlighted and their characteristics are given. The rapid emergence of Industry X.0 declares new quality of economic relations through innovation, discoveries and technologies in management of industry and business. Key features of Industry X.0 include: full automation of the production process; high communication between staff and machine through Internet technologies; cyber-physical systems that integrate into one network, interact in real-time, self-tune, self-study

Suggested Citation

  • Kateryna Kraus & Nataliia Kraus & Inna Ishchenko, 2023. "Focus on the priorities of industry X.0 and its anatomy in the conditions of digitalization of economic relations," Innovation and Sustainability Articles, Innovation and Sustainability, vol. 3(1), pages 33-50, February.
  • Handle: RePEc:cve:innsjn:v:3:y:2023:i:1:p:33-50
    DOI: https://doi.org/10.31649/ins.2023.1.33.50
    as

    Download full text from publisher

    File URL: https://inns.vn.ua/web/uploads/pdf/KrausKateryna,KrausNataliia,IshchenkoInna.pdf
    Download Restriction: no

    File URL: https://libkey.io/https://doi.org/10.31649/ins.2023.1.33.50?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cve:innsjn:v:3:y:2023:i:1:p:33-50. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Innovation and Sustainability (email available below). General contact details of provider: https://inns.vn.ua/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.