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

Authors :
Valaskova, Katarina
Nagy, Marek
Zabojnik, Stanislav
Lăzăroiu, George
Source :
Mathematics (2227-7390); Jul2022, Vol. 10 Issue 14, pN.PAG-N.PAG, 21p
Publication Year :
2022

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. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
22277390
Volume :
10
Issue :
14
Database :
Complementary Index
Journal :
Mathematics (2227-7390)
Publication Type :
Academic Journal
Accession number :
158300451
Full Text :
https://doi.org/10.3390/math10142452