<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Industry 4.0 (I4.0), driven by the need to access real-time insights and information across the manufacturing process, creates a disruptive impact on industries. Large-scale machine-to-machine communication, virtual reality (VR), the Internet of Things (IoT), simulation technologies and network management are integrated for increased automation, machine learning, self-controlled social and technical systems (Smart Factories). The uptake of advanced manufacturing solutions represents a challenge for businesses and SMEs in particular. SMEs possess neither the organisational capability nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. However, the so-called Fourth Industrial Revolution is a matter of technology and cooperation between European regions to share knowledge concerning alternative regional and national approaches to reinforcing the I4.0 uptake. Therefore, this paper primarily aims to analyse practical experience on how European policies related to the European Regional Development Fund (ERDF) can unlock the full potential of Industry 4.0 and overcome the fragmentation of Industry 4.0 solutions. Case studies of successful transfer of I4.0 to SMEs in Europe and supporting regional policy instruments presented in the paper could inspire and enable the potential of digitalisation by dealing with main challenges hampering their diffusion into the business ecosystem.</p>
</abstract>

Industry 4.0 (I4.0), driven by the need to access real-time insights and information across the manufacturing process, creates a disruptive impact on industries. Large-scale machine-to-machine communication, virtual reality (VR), the Internet of Things (IoT), simulation technologies and network management are integrated for increased automation, machine learning, self-controlled social and technical systems (Smart Factories). The uptake of advanced manufacturing solutions represents a challenge for businesses and SMEs in particular. SMEs possess neither the organisational capability nor financial resources to systematically investigate the potential and risks of introducing Industry 4.0. However, the so-called Fourth Industrial Revolution is a matter of technology and cooperation between European regions to share knowledge concerning alternative regional and national approaches to reinforcing the I4.0 uptake. Therefore, this paper primarily aims to analyse practical experience on how European policies related to the European Regional Development Fund (ERDF) can unlock the full potential of Industry 4.0 and overcome the fragmentation of Industry 4.0 solutions. Case studies of successful transfer of I4.0 to SMEs in Europe and supporting regional policy instruments presented in the paper could inspire and enable the potential of digitalisation by dealing with main challenges hampering their diffusion into the business ecosystem.

Industry 4.0 — policy-based approaches to efficient implementation in SMEs

Engineering Management in Production and Services

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

{"article-title":"Industry 4.0 \u2014 policy-based approaches to efficient implementation in SMEs"}

Industry 4.0 (I4.0), driven by the need to access real-time insights and information across the manufacturing process, creates a disruptive impact on...

Industry 4.0 — policy-based approaches to efficient implementation in SMEs

Published Online: Feb 02, 2022

Page range: 72 - 78

Received: Aug 10, 2021

Accepted: Dec 05, 2021

DOI: https://doi.org/10.2478/emj-2021-0032

Keywords
Industry 4.0, digital transformation, SMEs, structural funds, policy instruments

© 2021 Joanna Łabędzka, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Industry 4.0 — policy-based approaches to efficient implementation in SMEs

Published Online: Feb 02, 2022

Page range: 72 - 78

Received: Aug 10, 2021

Accepted: Dec 05, 2021

DOI: https://doi.org/10.2478/emj-2021-0032

KeywordsIndustry 4.0, digital transformation, SMEs, structural funds, policy instruments

© 2021 Joanna Łabędzka, published by Sciendo

This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Keywords
Industry 4.0, digital transformation, SMEs, structural funds, policy instruments