Manufacturing a Startup : A Case Study of Industry 4.0 Development in the Czech Republic
This paper investigates the current state of creation and adoption of Industry 4.0 (I4.0) technologies within the Czech Republic. I4.0 technologies, which include technologies such as big data analytics, cloud computing, the Internet of Things, and...
| Main Authors: | , |
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| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/498571562044573589/Manufacturing-a-Startup-a-case-study-of-Industry-4-0-development-in-the-Czech-Republic http://hdl.handle.net/10986/32064 |
| Summary: | This paper investigates the current
state of creation and adoption of Industry 4.0 (I4.0)
technologies within the Czech Republic. I4.0 technologies,
which include technologies such as big data analytics, cloud
computing, the Internet of Things, and advanced robotics,
hold great promise for increasing the economic
competitiveness of adopters. These technologies are also
often discussed in terms of their potential to disrupt
existing business models and value chains, particularly in
the manufacturing sector. The Czech Republic presents an
interesting case study for I4.0 technology creation and
adoption: the country boasts one of the strongest
manufacturing sectors in Europe relative to the size of its
economy but suffers from low productivity and an
increasingly acute labor shortage. To remain competitive in
the global economy and avoid the middle-income trap, the
Czech Republic has a critical need for technologies that can
substitute labor through automation and increase the
productivity of the existing workforce. |
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