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Industry 4.0

The concept of industry 4.0 and its challenges Briefs & Commentary

The concept of industry 4.0 and its challenges

Main principles of the industry 4.0 As mentioned in previous articles – also centred on the Polish Industrie 4.0, Industry 4.0 is based on the inter-connectivity of an enterprise's machines thanks to digitalisation. This concept relies on four principles: agility, data analysis, automation and interconnexion. Agility The connectivity of the…
Pawel Morisson de la Bassetière
2023-05-26
girl on a zoom call
Industry 4.0, Schumpeter’s “creative destruction” and COVID-19 Briefs & Commentary

Industry 4.0, Schumpeter’s “creative destruction” and COVID-19

Creative destruction is an economic concept developed by Joseph Schumpeter in the middle of the 20th century. In his book “Capitalism, socialism and democracy”, Schumpeter describes this phenomenon as “process of industrial mutation that continuously revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new…
Pawel Morisson de la Bassetière
2023-04-07
Warsaw Poland
Selected Polish government’s initiatives towards the implementation of Industry 4.0 Briefs & Commentary

Selected Polish government’s initiatives towards the implementation of Industry 4.0

The Polish economy is still significantly behind other European countries in terms of Industry 4.0 implementation. The Polish government has become increasingly aware of the fundamental importance of modernizing its industry in order to ensure its economic sustainability. Having a competitive industry is of paramount importance for any country, in…
Pawel Morisson de la Bassetière
2022-11-23

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