Industry 4.0 and Competitiveness

Abstract

Purpose- Recent developments in information technology lead to a new industrial revolution, transforms the entire eco-system. The lastindustrial revolution of the information society is referred to as Industry 4.0. This paper tries to explain fourth industrial revolution with itsbasic concepts and draws attention to dramatic changes in the production systems and competition environment in the World and Turkey.Methodology- This paper used a qualitative method, present and discussed the opportunities and challenges in implementation of Industry4.0 especially in terms of competitiveness.Findings- Industry 4.0 have a substantial potential to change global competition environment and can be seen as a great opportunity Turkey'sdevelopment and improvement in competitiveness, although the state of preparations for its implementation are very limited for now.Conclusion- The present study contributes the Industry 4.0 literature by drawing attention to its relationship between competitiveness.Keywords: Industry 4.0, competitiveness, innovation, technology, production systems