Industry 4.0 Technologies as a Factor in Economic Development

Abstract

The article explores the potential of Industry 4.0 technologies as a factor in the development of the economic system. It analyzes the key technologies of the Fourth Industrial Revolution, namely Artificial Intelligence (AI), the Internet of Things (IoT), blockchain, and 3D printing, and their impact on economic processes. Special attention is given to the role of Artificial Intelligence, which is the main driver of the transformation of production processes. The possibilities of production automation through AI, its ability to analyze real-time data, manage resources, and optimize production processes are examined. It is established that the implementation of AI contributes to reducing operational costs, improving product quality, and more efficient resource utilization. The Internet of Things is considered as a technology that enables the integration of production processes and communication between devices in real-time. Emphasis is placed on its role in the formation of "smart factories" and the transition to a "pull economy" model, which allows manufacturers to quickly adapt to changes in consumer demand. Blockchain technology is studied in the context of reducing transaction costs and ensuring the transparency of economic relations. The prospects for the use of smart contracts in logistics, finance, and business process management are analyzed, along with potential threats related to the centralization of control over data. 3D printing is considered as a tool for optimizing production processes and personalizing products.