ECONOMIC DEVELOPMENT OF UKRAINIAN IT COMPANIES IN THE CONDITIONS OF INDUSTRY 4.0

Authors

DOI:

https://doi.org/10.31732/2663-2209-2024-74-22-30

Keywords:

economic development, IT companies, Industry 4.0, digital economy, innovative tools, development strategy

Abstract

The article is devoted to issues of forming the strategy of competitiveness of Ukrainian IT enterprises in the conditions of Industry 4.0. In the research process, the latest information technology trends that are the drivers of Industry 4.0 and future forecasts regarding the turning changes in the world that will be caused by the introduction of the latest developments were analyzed. The characteristics of nine innovative tools that significantly accelerate the development of IT technologies are analyzed in detail. The volumes of the digital economy in the world GDP were determined and the trends of its growth were revealed. Possible negative consequences for the economy and the social sphere after the introduction of the latest technologies are characterized. A scheme is proposed that describes the main production process of an IT company. With the help of project analysis, data flows that arise during project implementation at various stages are identified. The influence of the quality and speed of data processing on the success of project implementation has been clarified. Problems that arise during data analysis are characterized. The need to implement solutions based on artificial intelligence technologies to solve problems related to big data processing is substantiated. The proposed approach to assessing the current state of the IT project in order to reduce the cost of its implementation. The readiness of Ukrainian enterprises to implement systems based on artificial intelligence has been determined. An analysis of advantages and disadvantages, which are characteristic of the process of applying solutions based on Artificial intelligence (AI) in the process of activity using SWOT analysis, was carried out. Recommendations were made to the heads of IT companies regarding the formation of approaches to enterprise management and the construction of a development strategy using the potential of advanced Industry 4.0 technologies and taking into account the risks that may arise.

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Author Biographies

Olha Pylypenko, V.I. Vernadsky Taurida National University

PhD, Associate professor, Associate professor of Finance and Accounting Department, V.I. Vernadsky Taurida National University, Kyiv

Yaroslav Protsko, KROK University

Postgraduate student, KROK University, Kyiv

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Published

2024-06-30

How to Cite

Pylypenko, O., & Protsko, Y. (2024). ECONOMIC DEVELOPMENT OF UKRAINIAN IT COMPANIES IN THE CONDITIONS OF INDUSTRY 4.0. Science Notes of KROK University, (2(74), 22–30. https://doi.org/10.31732/2663-2209-2024-74-22-30