End-to-end production and management technologies: effects of industry application and potential synergy

Digital economy: theory and practice
Authors:
Abstract:

The main idea of Industry 4.0 is the organization of high-performance and efficient economic activity implemented through the large-scale dissemination and practical application of end-to-end digital technologies. This justifies the relevance of this study, the purpose of which is to systematize the existing scientific foundations and best practices for the implementation of end-to-end digital technologies, the formation of a reasonable choice of management techniques on this basis. The methodological basis of the study was formed by normative documents, bibliographic analysis, scientific and specialized publications, statistical data. The conducted research proves: end-to-end digital technologies radically change the models of production and organization of interaction of economic entities, bring irreversible transformation into the organization of modern production and business processes, generate new business models. The object of the study is a set of economic entities functioning in the modern digital environment, the subject of the study is the relations between the participants of the process. As a result of the research, the following scientific results were obtained: the prospects of Industry 4.0 were systematized, the most relevant blocks of end-to-end digital technologies were identified, the priority of management technologies and the choice of management tools for the modern technological revolution were determined, the results and prospects for the development of Industry 4.0 based on end-to-end digital technologies were identified. The authors highlight that it often escapes modern researchers that the transition to Industry 4.0 is not an end in itself. The article proves the priority of management technologies, defines the tools of Industry 4.0 allowing to combine real production, transport, human, engineering and other resources into virtually unlimited scalable software-managed virtual resource pools and provide the user with the results of their use. The authors see further development of the study in the analysis of modern technological trends, determination of their potential in business development, formation of development process management tools, identification of an additional synergetic effect that can be obtained through the convergence of end-to-end production technologies and management technologies. The presented material can be useful for both the scientific and business community.