3 The Fourth Industrial Revolution as a new environment for business models
Fourth Industrial Revolution – Industry 4.0
The Fourth Industrial Revolution refers to the social, industrial and technological changes brought about by the digital transformation of industry, which are identified with the concept of Industry 4.0. It can be defined as an age in which modern technological solutions shape the industrial environment and affect the economy and society, influencing the intensification of sustainable global development (Grabowska & Saniuk, 2022a). The new concept of industry was widely adopted in Europe in the second half of the 21st century and was forged during the work initiated by the German government in ...
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