Formation of a Mechanism for the Development of an Industrial Enterprise in the Context of Digitalization

Abstract

The purpose of this article is to examine the mechanism for industrial enterprise development in the context of digitalization. A system of key elements is proposed that forms the mechanism for industrial enterprise development in accordance with the Industry 4.0 concept. Distinctive features of the proposed system include characterizing all elements of the mechanism from the perspective of digital technology implementation, as well as describing the areas of transformation, taking into account the specific features and changes that occur with the implementation of digital solutions. The results of the study can be useful in developing industrial enterprise development strategies in accordance with the Industry 4.0 concept. The digital transformation of industrial production enables increased flexibility, productivity, quality, and customer focus, providing enterprises with a competitive advantage. The relevance of this research is determined by modern requirements for the multi-component nature of industrial production, the complex systems used in organizing production processes, and the ever-increasing technological sophistication of modern industrial products. This determines the objective of the study: to identify and scientifically substantiate the key features of organizing industrial production in the context of digitalization. To this end, the following objectives must be achieved: reviewing research on this topic; identifying the key elements of organizing industrial production in the context of digitalization; and developing a sequence for organizing industrial production in the context of digitalization. Successful resolution of these objectives allows us to substantiate the author's hypothesis about the key role and place of a properly developed technology for organizing industrial production in order to meet modern requirements for the digitalization of production. JEL: Q01, Q56, R11, Z32