Digital Transformation for Digital Competitiveness at a Micro Level

Vladia Borissova

Economic Studies journal, 2021, issue 1, 89-106

Abstract: The development of digital technologies turned into the fourth industrial revolution – Industry 4.0, which is associated with the digitalisation of processes, big data, the Internet of Things, additive technologies – 3D printing, robotics, artificial intelligence. The digital transformation in business relations led to economic reformatting of logistical, production and trade processes in the global value chain and especially with regards to cross-border payments, production and trade. The present research fills the research gap concerning the relation between the preconditions for the digital transformation of industry, the economic effects from the reformatting of the global value chain and the related digital competitiveness of enterprises. The establishing of the relation and the identification of trends in the development of digital technologies and the global value chains is an indicator for the beginning of the transition from Industry 4.0 to the industry of artificial intelligence – 5.0.

JEL-codes: A20 L1 O1 O14 O3 O33 (search for similar items in EconPapers)
Date: 2021
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