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Regional Economics: Theory and Practice
 

Effects of digitalization of industrial small and medium-sized enterprises in Industry 4.0

Vol. 19, Iss. 11, NOVEMBER 2021

Received: 1 July 2021

Received in revised form: 17 September 2021

Accepted: 9 October 2021

Available online: 15 November 2021

Subject Heading: SOCIOECONOMIC POLICY

JEL Classification: L26, O14, O25, O38

Pages: 2086–2106

https://doi.org/10.24891/re.19.11.2086

Elena S. MEZENTSEVA Institute of Economics of Ural Branch of RAS, Yekaterinburg, Russian Federation
mezentseva.es@uiec.ru

https://orcid.org/0000-0002-6213-6136

Subject. This article discusses the issues related to the industrial production process re-engineering in a fundamental way in the conditions of Industry 4.0.
Objectives. The article aims to identify the current areas of digitalization and the specifics of the implementation of Industry 4.0 achievements at small and medium-sized industrial enterprises (SMEs).
Methods. For the study, I applied the methods of theoretical generalization, systems, logical, structural, and comparative analyses, and statistical methods.
Results. The article highlights the advantages and limitations associated with the introduction of Industry 4.0 technologies in small and medium-sized industrial enterprises and identifies constraints and prospects for entering new markets. Based on the analysis of indices, the article assesses the state of preparedness and willingness of small and medium-sized enterprises in Russia for digitalization.
Conclusions. It is necessary to conduct special studies on various aspects of the implementation of Industry 4.0 technologies at small and medium-sized enterprises.

Keywords: small and medium-sized enterprises, SMEs, industry, digitalization, Industry 4.0

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