The Analysis of the Level of Implementation of Industry 4.0 Solutions in European Companies

Abstract

The new challenges faced by companies in the 21st century require great flexibility and innovation. The fourth industrial revolution drives the development of the global market, and its solutions bring many benefits to companies, e.g. lowering operating costs, increasing the efficiency of information and inventory management, they also give the opportunity to quickly respond to changing customer needs. The study presents selected technologies used by European companies in the era of Industry 4.0 and the analysis of the current state in the context of the level of individual technologies in the EU countries. The analysis concerns large companies and the SME sector.