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Industry 4.0 Wireless Networks and Cyber-Physical Smart Manufacturing Systems as Accelerators of Value-Added Growth in Slovak Exports

Author

Listed:
  • Katarina Valaskova

    (Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Marek Nagy

    (Faculty of Operation and Economics of Transport and Communications, University of Zilina, Univerzitna 1, 010 26 Zilina, Slovakia)

  • Stanislav Zabojnik

    (Faculty of Commerce, University of Economics in Bratislava, Dolnozemska Cesta 1, 852 35 Bratislava, Slovakia)

  • George Lăzăroiu

    (Department of Economic Sciences, Spiru Haret University, 030045 Bucharest, Romania)

Abstract

Industry 4.0 integrates smart and connected production systems that are pivotal in predicting and supporting production in real-time, leading to sustainable organizational performance. In manufacturing, it may increase productivity, sustainability, and energy efficiency, while optimizing competitiveness. The main purpose of this paper is to determine the impact of Industry 4.0 on the Slovak economy through a secondary data analysis in the automotive industry, which is the leading sector in the country. The paper aims to provide a comprehensive analysis of the various opportunities that are available in the value-added growth of car exports in Slovakia. It also explores the case study of PSA Group Slovakia, which highlights the importance of the Industry 4.0 concept in boosting the country’s export growth. The paper proposes a series of recommendations and steps to improve Slovakia’s innovation environment.

Suggested Citation

  • Katarina Valaskova & Marek Nagy & Stanislav Zabojnik & George Lăzăroiu, 2022. "Industry 4.0 Wireless Networks and Cyber-Physical Smart Manufacturing Systems as Accelerators of Value-Added Growth in Slovak Exports," Mathematics, MDPI, vol. 10(14), pages 1-21, July.
    • Handle: RePEc:gam:jmathe:v:10:y:2022:i:14:p:2452-:d:862511
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