Industry 4.0 and Innovation

  • 1 Faculty of Economics, University of Debrecen, Hungary


Explosive changes in technology are having a significant impact on all industries. Robotics, artificial intelligence, cyber physics systems, cloud computing, IoT and blockchain technology, 5G, nanotechnology, 3D printing are all defining elements of Industry 4.0. The integrated use of these methods enables the perception and display of the external environment, which significantly enables improvements in each industry. In the future, we expect a fusion of physical, digital, and biological technologies, which will provide new opportunities for innovative solutions. The authors of the present study present a future study to predict innovative solutions to key global challenges.



  1. Bánhidi, Z.; Dobos, I.; Nemeslaki, A. 2020: What the overall Digital Economy and Society Index reveals: A statistical analysis of the DESI EU28 dimensions. Reg. Stat. 2020, 10, 42–62.
  2. Banhidi, Z.; Dobos, I.; Nemeslaki, A. 2021: Comparative Analysis of the Development of the Digital Economy in Russia and EU Measured with DEA and Using Dimensions of DESI. Vestn. St. Petersb. Univ.-Ekon. 2019, 35, 588–605.
  3. Bassanini, A.; Scarpetta, S.; Visco, I. 2000. Knowledge, technology and economic growth: Recent evidence from OECD countries. OECD Econ. Dep. Work. Pap., 259, 39.Bittner, B – Nagy A - Kovacs, T. - Madai, H. 2020: Methodology of the external environmental analysis as a part of strategy planning, Annals of the university of Oradea economic science 29 : 1 pp. 461- 466. , 6 p.
  4. Cohen, Y., H. Naseraldin, A. Chaudhuri, and F. Pilati. 2019. “Assembly Systems in Industry 4.0 era: a Road map to Under- stand Assembly 4.0.” The International Journal of Advanced Manufacturing Technology 105 (9): 4037–4054.
  5. European Commission. State of the Union: Commission proposes a Path to the Digital Decade to Deliver the EU’s Digital Transformation by 2030; European Commission: Brussels, Belgium, 2021
  6. Hermann, M., T. Pentek, and B. Otto. 2016. Design Principles for Industrie 4.0 Scenarios. Paper presented at the 2016 49th Hawaii international conference on system sciences (HICSS) (pp. 3928- 3937). IEEE, Koloa, HI, USA.
  7. Kovács, Tünde Z., Beáta Bittner, László Huzsvai, and András Nábrádi. 2022. "Convergence and the Matthew Effect in the European Union Based on the DESI Index" Mathematics 10, no. 4: 613.
  8. Kőmíves, P. M., Pilishegyi, P., Novák, N., Nagy, A. S., & Körösparti, P. 2019. The Role of the Higher Education in the Development of the Agriculture. International Journal of Information and Education Technology, 9(9), 607-612.
  9. Ng,K.K.H.,C.K.M.Lee,S.Z.Zhang,K.Wu,andW.Ho. 2017. “A Multiple Colonies Artificial bee Colony Algorithm for a Capacitated Vehicle Routing Problem and re-Routing Strate- gies Under Time-Dependent Traffic Congestion.” Comput- ers & Industrial Engineering 109: 151–168.
  10. Rüßmann, Michael, Markus Lorenz, Philipp Gerbert, Manuela Waldner, Jan Justus, Pascal Engel, and Michael Harnisch. 2015. “Industry 4.0 - The Future of Productivity and Growth in Manufacturing Industries.” doi:10.1007/s12599-014-0334-4.
  11. Schwab, K. 2016. The Fourth Industrial Revolution. Crown Business.
  12. Suárez-Eiroa, Brais, Emilio Fernández, Gonzalo Méndez-Martínez, and David Soto -Oñate. 2019. “Operational Principles of Circular Economy for Sustainable Development: Linking Theory and Practice.” Journal of Cleaner Production 214 (March): 952–961.
  13. Tuegeh, O. D. M., Harangi-Rákos, M., & Nagy, A. Sz. 2021. Industry 4.0 and human resource in Indonesia: a systematic literature review. Economic Annals-XXI, 190(5-6(2)), 171-180. doi:
  14. Tumiwa, J., & Paruntu, C. P. (2017). The Analysis of Human Capital Building and Financial Assistance on Small Medium Enterprises Development in Manado and Tomohon. Journal of ASEAN Studies on Maritime Issues, 3(5), 1–12.
  15. Tumiwa, J. R., Tuegeh, O. D. M., & Nagy, A. 2020. Factor Influencing MSMEs Performance Measurement - A Literature Review TUMIWA. The Annals of the University of Oradea, Economic Sciences, Tom 29(1), 151–162.
  16. Tumiwa, J. R., & Nagy, A. 2021. Micro, Small, and Medium Enterprises in Emerging Economies and Economic Transition: A comparative study between Indonesia and Hungary. International Journal of Entrepreneurship and Small Business, 43(1), 22-38.

Article full text

Download PDF