BUSINESS & “INDUSTRY 4.0”
WHAT DOES INDUSTRY 4.0 MEAN FOR SUSTAINABLE DEVELOPMENT?
- 1 Law and Internet Foundation, Sofia, Bulgaria
Sustainable development is an integral part of economic development in all countries, even when attention is driven away from it. The balance between the need of humanity to produce and the desire to not destroy the planet in the process is constantly questioned and shaken. With the disruptive new models that Industry 4.0 has shown to the world, and with the constantly expanding opportunities for technologies, production, and improvement of the way businesses function, the question of sustainability stands. How will the new business models affect sustainable development, and will they manage to put humanity’s future in the spotlight? This paper explores the opportunities to sustainable development, introduced by Industry 4.0.