Received 26.09.2022, Revised 27.12.2022, Accepted 28.02.2023

Focus on the priorities of industry X.0 and its anatomy in the conditions of digitalization of economic relations

Kateryna Kraus, Nataliia Kraus, Inna Ishchenko

The emergence of Industry X.0 by digitizing economic relations at different levels of economic aggregation implies a complex and systematic modernization of business processes, thereby accelerating innovation of the national economy. Considering the existing scientific developments in the development of Industry X.0, the transformation of existing business processes under the influence of the latest technologies and the formation of smart assets, e-services for smart businesses and e-government are unexplored. On the basis of dialectical, systemic and matrix methods Industry X.0 was investigated, and found that it determines new quality and format of business operation in gig economy. Comparisons of ratings of innovative development that influence the acceleration of digitalization in some countries have been used. The structural elements of the ecosystem of Industry X.0 are presented, and it is proved that they determine an effective digital economic relation that shape gig economy, as a result of step-by-step content of the stages of becoming smart business, assets, digital platforms. Tools and mechanisms that will accelerate the emergence of Industry X.0 have been identified. The content of the concept “ecosystem of Industry X.0” is disclosed. A number of practical measures are proposed, aimed at deepening the development of high-tech industries and expanding new quality of life of people. Main characteristics that determine the emergence of smart industry and smart services are indicated. A number of the latest technologies (autonomous artificial intelligence in a smartphone, professional assistant robots, available satellite Internet, the flourishing of audiobooks and podcasts, the bicycle technological revolution) that define a new quality of people's lives are highlighted and their characteristics are given. The rapid emergence of Industry X.0 declares new quality of economic relations through innovation, discoveries and technologies in management of industry and business. Key features of Industry X.0 include: full automation of the production process; high communication between staff and machine through Internet technologies; cyber-physical systems that integrate into one network, interact in real-time, self-tune, self-study

 

industry X.0; digital economy; innovation; gig economy; digital business; innovative technologies
33-50
Kraus, K., Kraus, N., & Ishchenko, I. (2023). Focus on the priorities of industry X.0 and its anatomy in the conditions of digitalization of economic relations. Innovation and Sustainability, 3(1), 33-50. https://doi.org/10.31649/ins.2023.1.33.50

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