Industry 4.0
Vol. 9 (2024), Issue 6, pg(s) 237-240

BUSINESS & “INDUSTRY 4.0”

Increasing production efficiency through an innovative hybrid monitoring system

  • 1 “Meta 8” LTD, Varna, Bulgaria
  • 2 Technical University Varna, Bulgaria

Abstract

Globalization in the modern world covers all areas of life, economy and modern technology, politics and culture. The rapid development of information and communication technologies makes it possible to provide competitive advantages to business organizations. In recent decades, information systems have led to a dramatic increase in the productivity of large and small businesses. This enables an accelerated transition to climate neutrality and digital transformation of the economy, society and industry and requires new technologies, investments and innovations to ensure the sustainable development and competitiveness of every business and a resource-efficient and competitive economy as a whole. The integration of digital technologies in production processes plays an increasingly important role in shaping the competitiveness of enterprises and their sustainable development in the modern world.

Keywords

References

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