Will Industry 4.0 and Other Innovations Impact Russia’s Development?

Abstract

This chapter elaborates on Industry 4.0 and the Internet of Things to develop a strategy of optimization and achieve sustainable industrial development of Russia. We propose a framework strategy for perfecting the process of management of Industry 4.0 in Russia. The provision of the development strategy with financial resources is to be ensured by a public–private partnership and implementation of transnational initiatives for cooperation in the sphere of Industry 4.0. The critical result of this chapter is that Industry 4.0 must become a top-priority direction of modernization and sustainable growth.

Citation

G. Popkova, E. and Sergi, B.S. (2018), "Will Industry 4.0 and Other Innovations Impact Russia’s Development?", Sergi, B.S. (Ed.) Exploring the Future of Russia’s Economy and Markets, Emerald Publishing Limited, Leeds, pp. 51-68. https://doi.org/10.1108/978-1-78769-397-520181004