Abstract:

The object of research is the process of formation and peculiarities of application of the concept of «Industry 4.0» as an integral part of the modern economic worldview in Ukraine. But applying the concept «Industry 4.0», it is necessary to assess the possible negative social consequences of a new round of technological progress. So, this research is aimed at assessing existing problems, analyzing the features and prospects of Ukraine in applying the concept of «Industry 4.0». The study used methods of theoretical generalization, the method of structural-functional analysis, dialectical and system-analytical methods. The dialectical method allowed to analyze and generalize some aspects of scientific knowledge and ideas about the nature of the concept «Industry 4.0». The system-analytical method allowed to study the functioning and development of the concept «Industry 4.0» as a factor of the country's socio-economic development. The concept «Industry 4.0» is considered as the concept of «production of knowledge». Increasingly in demand are highly qualified and the corresponding level of knowledge. Compared with other European countries, Ukraine is behind in all indicators except for the coverage of higher education. Ukraine still takes a prominent position in terms of «higher, secondary and vocational education» and «market size», but has a critical gap in the «macroeconomic environment» ratings, «Institutions», «business development». Ukraine's Global Innovation Index shows the high potential for an innovative development model of the economy as a whole. So, the introduction of the concept of Industry 4.0 and digitization of the economy will lead to a change in production and sales system, will contribute to the organizational and structural transformation, the emergence of new models of using new technologies business. The technological revolution, new technologies, rapidly changing needs of business and society, the emergence of new forms of interaction and diffusion of knowledge – is an essential component of the modern post-industrial world. Digitalization generates additional competitive opportunities, the implementation and development of which will increase the efficiency of social production and improve the quality of life of the population. Author Biographies Kateryna Andriushchenko, SHEE «Kyiv National Economic University named after Vadym Hetman», 54/1, Peremogy ave., Kyiv, Ukraine, 03057 Doctor of Economic Sciences, Associate Professor Department of Economics and Entrepreneurship

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