The role of digitalization in process development

Abstract

Today, we are living in the Fourth Industrial Revolution, which offers many opportunities, such as the smart factory and the Internet of Things. People, machines, products connect with each other through a network that blurs the boundary between the physical, digital and biological spheres. The digital revolution has not only changed the way businesses perceive themselves, but also increased their performance. Today, every aspect of a business, from operations to controls, is controlled by digital devices. Such digital transformations have changed and revolutionized every industry. Companies have improved their business competitiveness and moved forward in the market. The digital transformation can open up many new opportunities in the life of companies that individual mass production needs. Transformation requires a new way of thinking. In my research, I will show you how to introduce digitalisation into the life, advantages and disadvantages of a company through several steps. In my dissertation, I present an example of the application of digitalization through the example of a company I created, and at the end of my dissertation I discuss what costs should be considered and how long the proposed investment will return.