1 Contemporary socioeconomic challenges for business models

DOI: 10.4324/9781003317401-2

Intelligent society creating an Economy 4.0

The modern world is characterized by instability and unpredictability, as particularly highlighted by the COVID-19 pandemic and the conflict between Ukraine and Russia. This instability affects all spheres of life: technology, economy, labor, culture, values, etc. Modernity can be described as constant change or liquid modernity, in which everything changes, nothing is stable or predictable and every organization and every person must be flexible and constantly adapt to new conditions. Modern technologies and the pace of commercialization of research results make the changes taking place in companies extremely ...

Get Business Models for Industry 4.0 now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.