Economy of Industry 

About: Economy of Industry is an academic journal published by National Academy of Sciences of Ukraine (Co. LTD Ukrinformnauka). The journal publishes majorly in the area(s): Computer science & Ukrainian. It has an ISSN identifier of 2306-532X. Over the lifetime, 217 publications have been published receiving 428 citations. The journal is also known as: Economy of industry & Èkonomìka promyšlennosti.

Impact of digitalization on industry: problems of definition in EU countries

Abstract: The digitalization of the economy as a whole, and of manufacturing in particular, is one of the top-priority tasks that governments, business and society face. Central in this process is the implementation of Industry 4.0, which leading and international organizations expect to become a driver of economic development. Therefore, the objective of the study is to define the impact of digitalization on pace of industrial development at the national level. EU member states have been selected as the subject of the study. Comparing countries within the EU's single economic space is the most consistent for several reasons. On the one hand, all of these countries operate under similar institutional conditions, and on the other – the single market facilitates the free movement of capital and labor to the utmost. Also, the vast majority of EU member states are members of the monetary union and use the single currency – euro. Correlation analysis has been chosen as the main method to study the conformity of industrial production dynamics with the processes of digitalization. The results of the study in the most generalized form prove the inconsistency between high levels of digitalization and high rates of industrial production. EU member states, the leaders in terms of digitalization, demonstrate lower rates of industrial production growth than those countries that have lower levels of digital development. The hypothesis on positive impact of high levels of digitalization on industrial production at the national level has not been confirmed. However, it is not advisable to consider the results of the study as a sufficient basis for the final refutation of this hypothesis. One possible explanation for the relatively slower pace of industrial production growth in countries with high levels of digitalization is the following. The high level of industrial development causes the high level of digitalization, but at the same time leads to the "trap of high level of production", when each successive percentage, having a high base of comparison, becomes increasingly difficult. A typical example is the comparison between the Netherlands and Romania. Romania ranks 28 th (last) in the average digitization rate across all EU countries and 1 st in terms of average industry volume growth. At the same time, the Netherlands ranks 28 th in terms of average growth of the industry volume index and 3 rd in terms of digitalization. Thus, it can be argued that at the moment, digitalization (digital capital) does not have a decisive influence on the relative (when comparing between countries) growth rates of industrial production.

Information and communication technologies in the era of the smart industry development: problems of definition and conditions of development

Abstract: Approximately from 2010-2011 in the advanced economies of the world (from the standpoint of economic and technological development) there is a discussion on the need of transition to a new technological mode, known as "Industry 4.0" or "smart industry". This new mode implies a shift to consumer-oriented production based on cyberphysical systems, the widespread use of the Internet of things, the Industrial Internet of Things and Information and Communication Technologies (ICT).The above terms are relatively new, their interrelation and interdependence in different sources have different meaning, which makes it difficult to conduct an analysis of these phenomena, their cross-country comparison and perception by economic agents. This could adversely affect the development of state concepts and programs, aimed at transferring the country's economy to a new technological mode.Given this ambiguity in the interpretation of terminology, an in-depth study of ICT essence at the present stage of their development, their relationship with Internet of Things, Industrial Internet of Things, cyberphysical systems, as well as conditions, under which ICT development in countries of the world is stimulated, was conducted. For its disclosure, the paper uses etymological and semantic analysis, the method of comparison, elements of the historical approach in defining the essence of ICT concepts, the ICT sector, the ICT infrastructure, synthesis, induction and deduction methods in identifying conditions, conducive to the further development of ICT.As a result of the study, an author's definition of the term "ICT" was offered, the concepts of ICT sector and ICT infrastructure were refined. It was found that ICT alone does not solve economic and social problems, but can be a highly effective tool for mitigating them in the presence of a developed ICT infrastructure and a sustained economic and political situation in the country.Also the paper briefly describes the state of ICT in Ukraine in comparison with the leading countries in this sector and suggests some general recommendations for improving the situation.

Information and communication technologies for the development of "smart" industries

Abstract: It has been determined that the increasing complexity of the smart industry’s production technologies and the widespread introduction of cyber-physical systems into manufacturing processes requires a transition to the use of appropriate information, software and technical tools. One of the most important factors in the development of "smart" industries is the informational communication at the enterprise, and information and communication technologies are the tool that allows the most effective interaction at all levels of production and management. The priority of the task of elaboration appropriate formal and system tools for using information and communication technologies for developing smart industries as part of the implementation of the Industry 4.0 concept for effective interaction at all levels of manufacturing and management are indicated.The analysis of up-to-date approaches to the creation of a single information space of industrial complexes to determine the methodology, which allows to consider the information and communication links of the simulated systems in more details, is made. Among others, the structural approach is highlighted. Based on the SADT methodology, an information IDEF0-model for the development of "smart" industries has been developed, which provides a holistic picture of the relevant processes. The proposed model allows describing the relationship between management functions and the main information and communication links, implementation mechanisms, the set of mathematical models and approaches for the development of "smart" industrial complexes in a logical, convenient and consistent form. The main purpose of the model is to provide informational support for the development of "smart" industrial complexes. In addition, the consideredinformational model is the basis for further automation of the development processes of “smart” industries. Promising areas of research have been outlined as part of the implementation of the offered informational model for the development of "smart" industrial complexes in the practice of functioning and development of industrial enterprises.